Union Bank of India Online Trading

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Union Bank of India had launched its Union On-line Trading Services at a function held at BSE. K Cherian Varghese, chairman and managing director and K Ratnakar Hegde, executive director had addressed.

The Union Bank of India Online Trading is targeted at the bank's customers who have demat accounts with the bank and who invest as well as trade in shares. The fund settlement will be done through the customers' savings or current account.

The retail arm of SSKI, Sharekhan has tied up with the bank to provide customers with on-line trading accounts. This product launch along with its technology strength of network of 736 branches has given an additional value added capital market product to its customers.

Union Bank of India now offers customers the power to access their Demat accounts online through its internet banking. The service is named Union e-Demat. Union Bank is a Depository participant of the Central Depository Services Ltd. A number of its branches are authorized to open Demat accountson behalf of CDSL.

Union e-Demat offers customers online access to their Demat account through a single log-in to its internet banking service. Customers are able to do the following:

1. See their Account Details
2. See their Demat Holdings
3. Get the statement of Account for a period ( see present value of your shares too while doing so)
4. See Billing Details
5. Request for slip book
6. Report loss of slip

All that customers need to have to avail this service is the access to the internet banking service of the Bank, Union e-Banking, which is given free of cost to customers of the Bank's CBS branches. Visit the branch and request internet banking facility. The entire information will be made available on the customer's Demat account on 24x7 basis.

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Last Updated on 7th July 2011