We are in receipt of communication from our service providers that Union Bank of India is in the process of upgrading their banking system (Finnacle) wherein intermittent issues are being faced by them. Due to this, the funds confirmation from Union Bank of India may be impacted.
In view of the above, members may kindly note that the various types of orders (Lumpum and SIP) shall be liable for rejection for non receipt of funds confirmation in case they are placed by clients who are having account with Union Bank of India.
Ketan Jantre Zeeta Eustace
Sr. General Manager – Mutual Funds Asst. General Manager – Mutual Funds
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