Union Bank scheme turns in Rs 300 cr in UP, Uttaranchal

The Uttar Pradesh and Uttaranchal zone of the Union Bank of India has performed remarkably in the latest deposit scheme named "Union Double".

The zone ranks first in the country, registering 60,000 new accounts opened in UP and Uttaranchal, under this scheme in the past one month.

"Union Double has performed very well. Our zone has turned in more than Rs 300 crore through this scheme. The major share of investors comprises rural areas," said G S Mehta, general manager, Union Bank of India (UP and Uttaranchal).

In the country as a whole, the scheme has helped the bank to mop up Rs 1,500 crore, along with approximately 150,000 new accounts.The scheme was available during July 1-31, allows doubling the investment in eight years and nine months.

The bank has tied up with New India Insurance Company and will soon introduce a medi-claim policy for its customers.