We are in receipt of communication from our service providers that Union Bank of India has been granted extension through NPCI wherein intermittent issues are being faced by them. Due to this, the funds confirmation from Union Bank of India may be impacted by service providers.
In view of the above, members may kindly note that the various types of orders (Lump Sum and SIP) which has been placed by clients or existing SIP orders triggered on due date shall be liable for rejection for non-receipt of funds confirmation who are having account with Union Bank of India.
Ketan Jantre Zeeta Eustace
Sr. General Manager – Mutual Funds Assistant General Manager – Mutual Funds