50000/- and above, and for all Cash Purchases. Identity Proof / PAN card copy duly signed by the customer is also required in case of Purchase for Rs. The rate as applicable on the date of realization of the cheque, will be charged for the Gold Coins. In case the purchase value is Rs.50,000/- or more, then the payment will have to be made by cheque / PO / DD, on realization of which the Gold Coins will be handed over. Non-customers can deposit cash for purchase of Gold Coins if the value is less than Rs. Union Bank customer can buy gold coins by issue of cheque from their accounts or provide a debit instruction. Both Union Bank customers as well as non customers can purchase Gold Coins from our branches. Can I buy Gold Coins if I do not maintain an account with Union Bank ?Īns. The gold coins are being sold at designated branches of the Bank. The Gold coins are available in the form of round (2, 5 & 8 gms) / rectangular (10 gms) coins with the Union Bank logo on the backĪns. What form is Gold Coins being sold in ?Īns. The coins are being sold in the denominations of 2 gms, 5 grams, 8 grams and 10 grams In what denominations is the coins being sold ?Īns.
Further, our rates are the most competitive Union Bank of India sells 24 carat gold coins which come in a tamper-proof packaging to prevent any damage. Why should I buy Gold Coins from Union Bank of India ?Īns. Presence of Gold adds diversification and increases the overall consistency of the investment portfolio The purchasing power of Gold is retained even during the highs and lows of the economy.
Investing in gold is the one of the hedges against inflation. Yes, Union Bank of India has an approval from RBI to sell Gold CoinsĪns. Is Union Bank of India into Gold Coins business ?Īns.
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