Union Bank of India – Union Bank of India

Welcome to Union 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:

Business lending and services
Business loans
Business overdrafts
Trade Finance
Issue of Letter of Credit
LC Confirmations
Bank Guarantees
Advance against Deposits
Term Loans
Overdrafts to Corporates
Basic deposit products
Term deposits
Remittances
Foreign exchange contracts
Forward Contracts

Deposit Rates

Period	Rate (%)p.a.*

Above 1 Month up to 3 Months	4.40
Above 3 Months up to 6 Months	4.75
Above 6 Months up to 1 Year	4.80
Above 1 Years up to 2 Years	4.80
Above 2 Years up to 3 Years	3.50
Above 3 Years up to 4 Years	3.50
Above 4 Years up to 5 Years	3.50
Above 5 Years	3.50

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.

Currency Rates

Rates after 04-06-2026

Currency	TT Buying	TT Selling
INR	0	67.61
USD	0.7227	0.6927
GBP	0.5409	0.5209
EUR	0.6241	0.6041