Uni Collect

The customers/Dealers deposits cash / cheque at any of our branches and these collections are credited to our clients account along with relevant MIS. The striking features are :

• Enables corporates to collect fund from their clients/ dealers.
• Collection includes cash deposition and local cheque collection.
• Services are available at all Union Bank of India branches.
• Assured credit as per agreed TAT.
• Customised MIS is shared via mail / host to host integration /SFTP / API.

Uni eCollect

The Product combines the features of RTGS /NEFT. The dealers can send money for the credit of Corporates from other bank branches or from their accounts using Net Banking, Mobile Banking, IMPS etc. Under this, the collections are pooled at CMS Hub and credit is given to the client as per the agreed TAT. The highlights are :

• MIS to corporates on fund collected from their clients/ dealers through NEFT, RTGS IMPS.
• Inter Bank online solution for high value payments based on virtual account method.
• This product secures the privacy of the beneficiary as collections are done through Virtual Account Number which is shared with Sender.
• Hassle free reconciliation using the MIS in automated environment of the Corporate.

Uni Direct debit

Customers of Bank's client, who maintain their accounts with our Bank can give Mandate to the Corporate for debiting their accounts with specified amount for specified period.

• Corporates can have repetitive collections based on mandates issued by their customers having account with us.
• Hassle free process of Mandate Registration

Hassle free collection of funds based on data provided by the corporates.

Uni eNACH
A solution for repeated payments implemented through NPCI initiated NACH. A robust platform to handle large volume of repetitive payments in hassle free manner. Suppliers can give Mandate to the Corporate for debiting their accounts with specified amount for specified period. On Due date Corporate can send us the file of suppliers to be debited. The highlights are :

• Union Bank shall pool the total amount of successful debits to corporate’s a/c along with transaction level MIS.
• Union Bank provides real time updates and periodic MIS through host to host services /API/Mail.
• Real time updates provide Auto Recon facility.

Uni Sweep
Sweep means transfer of balance among accounts of the same company. This facility is very useful to the companies having large number of account across many branches of Union Bank across the country.

• Corporates use multiple collection accounts at multiple centers and base (pooling) account at one center.
• Corporates can enjoy hassle-free transfer of their funds to their pre-defined base account.
• Balances in secondary accounts will be transferred (Swept) to the primary account at pre-determined periods.
• These transfers are affected without any manual intervention.

Uni Fee collection
Educational Institutions like Universities, Colleges, Schools etc can avail the service which can be a combination of any of the above Collection products as required. Students/Parents can pay School fees, Hostel fees, Mess fees, Bus fees through UFCS (any time, any mode, any where).

• Single credit to Institutional account at any Bank backed by robust MIS on fee collected by each student.
• Specially designed for multi channel collection.
• One point query resolution.
• Easy reconciliation by Institution of fee paid by the students.
• Ensure hassle free collection of receivables for the Institutions.

Gateway facility available.

• One-time registration through NPCI
• Corporate induced collection no dependency on payer
• Highly scalable and flexible features
• Voluminous processing with seamless settlement
• T Day MIS facilitation aids in follow ups for recovery
• Transactions initiated on a Digital Mode
• Transaction files can be processed from ERP through H2H Mode