United Bank of India has decided to extend export credit at concessional rates. The bank has taken this step in line with the Governments policy to attain 20% growth in export during the financial year 2012-13.
Currently, the prevailing base rate of the bank is 10.45% which is lower than the base rates of many of the major banks in the country. All sections of exporters will be offered interest at base rate plus 25 basis points. Further, exporters who hold Gold Card status will get concession of 25 basis points.
United Bank of India has emerged as a strong and efficient banking organisation over the years and plays an integral role in the socio-economic development of the Eastern and North-Eastern States of the country. The bank at present has a strong presence with its total 1678 branches and 800 ATMs spread across the country.
