Any Individuals of UK resident, who is 18 years of age or above and who has a Bank Account in his/her name in any Bank or Building Society in United Kingdom other than Union Bank of India (UK) Ltd.

Business deposits are not applicable under Union Premier Bond.

To open business deposits offline please click the link for downloading the forms:https://www.unionbankofindiauk.co.uk/forms.

There is minimum requirement of £5000 to open a Union Premier Bond.

You can deposit maximum amount of £ 340000 per Union Premier Bond Application.

Yes, you can either apply individually or jointly.

There would be maximum of four persons in a joint account.

You can open Union Premier Bond only in GBP i.e. Sterling

Your eligible deposits with Union Bank Of India (UK) Ltd are protected up to the FSCS compensation limit by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Most deposits are covered by the scheme. This limit is applied to the total of any deposits you have with Union Bank of India (UK) Ltd. Any deposits you hold above the FSCS compensation limit are unlikely to be covered, unless under specific circumstances, as determined by the FSCS.

We are required to have adequate proof of your identity and address before opening your Union Premier Bond. We will verify your identity and address electronically with Credit Reference Agencies.

Credit Reference Agencies will ask for your details such as your name, address, date of birth, Driving License or Passport details. These details will be submitted to the Credit Reference Agency to verify the information you have provided to us. Please do not send in your documents unless we request you to do so. However if the online verification fails, we may ask for documents (including your id and proof of address) in order to enable us to complete our due diligence procedures and open your bond account.

If your application is unsuccessful, you will be advised next step through Email or you may call us on 0207-332-4250 (Monday to Friday excl. Bank Holidays; 9.30am - 4.00pm) or email us on premierbond@unionbankofindiauk.co.uk

If you do not have a UK driving licence OR an up to date Passport, you will be unable to complete our online Union Premier Bond application form.

In case of non-availability of any of those proofs, please contact our branch on 0207-332-4250 or email at info@unionbankofindiauk.co.uk

The rate of interest would be the rate which will be prevailing at the date of receiving of cleared funds in our account.

Note: - any fund received till 1 PM during working days would be processed on the same day, any fund received after cut off time would be processed on next working day.

Once your application is approved, You payment must reach us within 30 days from the date of approval. Otherwise your account will get disabled and you have to apply once again

Once your Union Premier Bond application is successful and Bank is in receipt of cleared funds, Union Premier Bond Account number and details will be generated and e-mailed to you.

Please Note : We will not be sending any certificate/confirmation through Post/Fax.

Date of Bond would be the date of funds received subjected to- any funds received till 1 PM during working days would be processed on the same day, any funds received after cut off time would be processed next working day.

Once you've submitted Union Premier Bond application, you will be advised whether your application has been successful or not and you will receive a confirmation / notification email with unique reference number. (If in case of non-receipt of email, Please check your Spam/Junk folder as well). This will give you details on how to fund your Union Premier Bond Account and / or instructions on how to proceed.

No, Bank will not deduct any tax as per prevailing guidelines. Its customer’s or Account holder’s responsibility to pay tax to HMRC. For more information, please visit www.gov.uk/hmrc/savingsallowance.

No, new funds cannot be added to your existing Union Premier Bond. However you can open a new Union Premier Bond with your new funds.

No, as per our Bank’s prevailing policy, we are not allowing early withdrawals.

There are no Bank charges associated with the Union Premier Bond.

You can open any number of Union Premier Bond accounts.

Union Premier Bond with interest payable on maturity will be. (12 months, 24months, 36 months, 48 months and 60 months).

No, it is Primary Applicant responsibility to take consent of all others joint applicants before opening or closing Union Premier Bond.

No, it is not mandatory to open a separate current account with Union Bank of India (UK) Ltd. for Union Premier Bond.

No, on maturity you can only transfer funds to your Nominated account i.e. to the Bank account whose details were provided at the time of applying for the Union Premier Bond

Interest will be paid only on maturity. Yearly interests will be getting accrued till maturity and no interest will be paid on these interest amounts as its simple interest paying account.

We provide you with the following options at the time of opening of accounts:

i) Automatic renewal for the Bond on maturity for the original period at the applicable interest rate (This feature ensures that you don't lose out even a single day's interest).

ii) Automatic renewal of the deposit on maturity for a different period and at the applicable rate of interest on the date of maturity (However instructions to be given at the time of account opening or at least 7 working days before the maturity date) Payment of maturity proceeds would be transferred to same account from where they were originally received.

Any change in the account details need to be informed to us separately.

Bank will share a reminder link on your registered E-mail Id, 30 days before maturity. Open the link and enter your Union Premier Bond credentials to submit new or amend your existing request. Otherwise your bond will be getting renewed for the initial original term and the rate of interest would be prevailing interest rate on the date of maturity of Bond.

You can send written request to Union Bank of India (UK) Ltd 12 Arthur Street London EC4R 9AB United Kingdom to change personal details address/bank acct details on your Union Premier Bond. We may ask for documentary evidence of these changes. In case of any discrepancy, we will inform you

You may directly visit (www.unionpremierbond.co.uk) or you can access this site from www.unionbankofindiauk.co.uk

If Bond is maturing on a holiday, the interest will be paid for the holiday period as well and will be processed on next working day. If the deposit is renewed for a further period, then the effective start date will be the original maturity date.

You can reset your password by clicking on Forget Password link (www.unionpremierbond.unionbankofindiauk.co.uk/ECODT/ForgotPassword.aspx)

Or

You can drop a mail at premierbond@unionbankofindiauk.co.uk from your registered email Id, we will send password to your Email Id.

This may be due to one of the following reasons:

• You have wrongly attempted to input your password(s) consecutively three times
• You internet browser is not Java enabled

Our Bank will never ask or send any email asking for Union Premier bond login details.

You can contact us on 020 7332 4250 or send us an e-mail at premierbond@unionbankofindiauk.co.uk

We will issue an Interest Certificate after maturity and send it your registered Email ID.