May 25, 2016 – Mumbai : Union Bank of India today launched e-SBTR (Electronic Secured Bank Treasury  Receipt) facility of Government of Maharashtra.   e-SBTR facility will be available at all its  508 Branches in State of  Maharashtra as well as  through  internet   banking.   The e-SBTR facility was launched today by Shri Dinesh Kumar Jain, IAS, Additional Chief Secretary Finance, Dr. K. H. Govinda Raj, IAS, Secretary, Department of Relief & Rehabilitation, and Dr.  Ramaswami N, IAS, Inspector General of Registration & Controller of Stamps (IGR), Government of Maharashtra,  in the presence of  Shri Vinod Kathuria, Executive Director, Union Bank of India.

The e-SBTR system enhances ease of operation and convenience for citizens by providing single window payment facility of both Stamp Duty and Registration Fee.  Importantly, the e-SBTR allows payment without any ceiling and is available on 24x7x365 basis through internet banking. Thus, no more queues and waiting in Bank Branches and adhering to Stamp Hours.

Union Bank of India is the 5th largest Nationalized   Bank in   India,   having a   business   mix of Rs.6,20,445/- crore with deposits of Rs 3,42,720/- crore and advances of Rs 2,77,725/- crore as of March 31, 2016. Union Bank offers a comprehensive suite of products and services for Retail, Agriculture, MSME, Large Corporate and NRI customers through 4200 branches, which includes 4 Overseas Branches and 7000 ATMs, dedicated call centre operating 24*7 in 9 languages and digital channels like internet banking and mobile banking.

Union Bank recently launched Mobile Wallet Digipurse with features of Bill Payment, DTH Recharge, Mobile Recharge, Online Shopping through virtual card and fund transfer facilities through IMPS, in addition to launch of Union Selfie and online account opening. These add to already comprehensive digital offerings through various modes.