United Bank of India (UBI) is one of the 14 major banks which were nationalized on July 19, 1969. Its predecessor the United Bank of India Ltd., was formed in 1950 with the amalgamation of four banks viz. Comilla Banking Corporation Ltd. (1914), Bengal Central Bank Ltd. (1918), Comilla Union Bank Ltd. (1922) and Hooghly Bank Ltd. (1932) (which were established in the years indicated in brackets after the names). The origin of the Bank thus goes as far back as to 1914. As against 174 branches, Rs. 147 crores of deposits and Rs. 112 crores of advances at the time of nationalisation in July, 1969, today the Bank is 100% CBS enabled with 1999 branches and offices and is having a Total business of more than Rs 2 lac crore. Presently the Bank is having a Three-tier organisational set-up consisting of the Head Office, 35 Regional Offices and the Branches.
Deposit Rates
| General | Senior Citizen | |
|---|---|---|
| 7 days to 45 days | ||
| 45 days to 90 days | ||
| 90 days to 179 days | ||
| 180 days to 1 year | ||
| 1 years to 2 years | ||
| 2 yrs to 3 yrs | ||
| 3 yrs to 5 yrs | ||
| Above 5 years |