MoneyWorks4Me

United Bank of India unveils Mobile ATMs: Report

30 Nov 2016 Evaluate

In order to provide relief to the public in the wake of demonetisation of old Rs 500 and Rs 1000 notes, United Bank of India, one of the leading nationalized banks of the country, has reportedly unveiled Mobile ATMs. People can withdraw cash up to the limit of Rs 2500 from mobile ATM. The bank launched three Mobile ATMs, of which two are in Kolkata and one in Delhi. The response from the people has been encouraging and the Bank plans to launch more mobile ATMs in future to alleviate the hardship faced by the public, especially in rural areas where people have limited access to Banks.

United Bank of India is one of the 14 major banks which were nationalized on July 19, 1969. After nationalization, the Bank expanded its branch network in a big way and actively participated in the developmental activities, particularly in the rural and semi-urban areas in conformity with the objectives of nationalization.

Peers
Company Name CMP
State Bank Of India 978.50
PNB 117.05
Bank Of Baroda 234.55
Canara Bank 125.90
Union Bank Of India 179.25
View more..