The Mega Dinum draw launched by Union Bank offers attractive prizes to its customers and more chances to win with draws being held even, monthly and quarterly in addition to the super draw prize. Customers who open or maintain an ULTRA SAVER savings account with a Rs 10,000/= balance or a Current account with a Rs 5000/= are entitled to enter the draw and win attractive prizes including Gold Coins on a monthly basis, double the account balance every 3 months and win a brand new Suzuki Maruti Alto car with free fuel up to two years . Union Bank is the first to offer free fuel with the prize of a car . The draw has attracted many new customers to the bank, whilst the deposits of the existing customers have shown a highlighted and speedy increase. The first draw for the super prize of the car will be held in August 2010.
Union Bank opened its Jaffna Branch in 2009 and the Chunnakkam branch in early 2010. The Bank recently carried out the Mega Dimun Draw promotion in Jaffna, Chunnakkam, Atchuvaley Nelliaddy, Manipay and Vaddukoddai creating awareness and giving an opportunity for consumers to be part of the Mega Dinum Draw and avail them selves to the many benefits the bank offers with its comprehensive retail banking product port folio.
The bank up to now operates four branches in Jaffna, Chunnakkam, Mannar and Vavuniya to serve customers in the North of Sri Lanka.
Union Bank is known for launching many innovative banking products first to the market. Attractive product offerings of the Bank also include the fixed deposits with weekly interest, which is yet another first from Union Bank, ‘Ruwaththi’ savings account for women which offers special interest rates, loans and a range of other benefits. The “Piyawara” Children’s account offers the highest rate of interest for minors and
“Ran-one” is a service that provides attractive rates for gold at low interest rates.
Union Bank has a network of 19 branches and is rapidly expanding its operations and expects to open 10 new branches during this year. The Bank has reflected high investor confidence with an over subscribed share issue which was raised through a private placement, highlighting the Banks strength and strong position in the industry in attracting high profile foreign investors. With the new equity infusion, the stated capital of the Bank surpasses the minimum capital stipulated by the Central Bank of Sri Lanka. Supported by a dynamic and powerful team together with a new strategic direction the Bank is well geared to becoming a powerhouse, offering innovative and competitive banking services backed by state-of the art technology.
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