Welcome to Union Bank of India

Union Bank of India is one of the oldest public sector bank in India. It is a Government of India (GOI) undertaking which holds majority of shareholding and is regulated by Reserve Bank of India.

We have simple products to suit your individual and business needs. We offer INR remittance facility to India and money transfer in other currencies. As a Non-Resident Indian, you can now enjoy all the financial benefits of your counterparts in Australia and more.

The Union Bank of India, Sydney Branch holds an Australian Financial Services License (AFSL). Under this license, the Union Bank of India, Sydney Branch deals in and provides services in relation to:

Deposit Rates

PeriodRate (%)p.a.*
Above 1 Month up to 3 Months4.25
Above 3 Months up to 6 Months4.50
Above 6 Months up to 1 Year5.00
Above 1 Years up to 2 Years4.75
Above 2 Years up to 3 Years3.50
Above 3 Years up to 4 Years3.50
Above 4 Years up to 5 Years3.50
Above 5 Years3.50

Currency Rates

Rates after 08-11-2023
Currency TT Buying TT Selling
INR 0 52.99
USD 0.6536 0.6236
GBP 0.5332 0.5132
EUR 0.6116 0.5916