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 30-09-2026
| Currency | TT Buying | TT Selling |
| INR | 0 | 66.50 |
| USD | 0.7091 | 0.6791 |
| GBP | 0.5385 | 0.5185 |
| EUR | 0.6267 | 0.6067 |