The Hindu Business Line : Union Classic Current Account'

The Union Bank of India has introduced `Union Classic Current Account (UCCA),' an improved version, offering more facilities over the `Multi Gain Current Account (MGCA),' introduced in 2004 by the bank. The scheme, effective from December 1 to December 31, 2006, is aimed at boosting the current account portfolio, attracting more high-value traders' segment and nurture super-value current account connections. The scheme is introduced only in branches with CBS (Core banking solutions) operations in force, seven in the Madurai region.

The UCCA scheme classifies customers into three categories in terms of monthly average balance maintained - Rs 50,000, Rs 1,00,000 and Rs 5,00,000 respectively and in proportion to the average, offers increasing levels of attractive concessions in terms of per month free remittance of funds, collection of outstation cheques, issuance of multi-city cheques, RTGS transaction charges, concession in rate of interest on advances, e-banking and tele-banking facilities, statement charges etc. The scheme is customer centric and flexible, said Mr K. Selvaraj, Assistant General Manager, Madurai Region.

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Union Classic Current Account'