The Hindu Business Line : Union Bank launches new service

Union Bank of India has launched Union Mitr, a financial education counselling service, available at 51 centres across the country. This service will offer information on products, services, and provide guidance on opening a bank account, information on managing savings, as well as on management of existing debt.

The bank plans to use village knowledge centres, which are attached to rural branches, for this purpose. "Financial education requires a highly individualised approach so it is carried through individual counselling at the bank's centres," said a bank statement.

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