Credit Card Policy – 2022-23
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to give explicit consent to adjust credit amount beyond a cut off, one percent of the
credit limit or Rs 5000/- which is lower, arising out of refund/failed/reversed
transactions or similar transactions against the credit limit for which payment has
already been made by the cardholder. Bank shall reverse the credit transaction to the
cardholder’s bank account, if no consent/response is received from the card holder.
Notwithstanding the cut-off, if a cardholder makes a request to the Bank for reversal of
the credit amount outstanding in the card account into his/her bank account, the bank
shall do it within stipulated timelines.
VII. In case of change in address, Card holders are requested to communicate the changed
address to Bank branch immediately, to enable us to record and send bills or any
communication to the new address. Cardholders are expected to make necessary
arrangement for receiving bills till change of address is affected. Any change in mobile
number, Landline number and email ID needs to be intimated to the Bank branch
immediately, to enable us for effective communication.
VIII.Billing Disputes: All contents of monthly bill will be deemed to be correct and accepted
by the Card holder, unless Card holder informs the Bank of any discrepancies before due
date of the bill. The Bank on receipt of written complaint shall duly investigate as per
the VISA/NPCI/MASTER dispute resolution procedure and rectify, in case of any genuine
discrepancy.
IX. The Cardholder may contact the Bank for making any enquiries or for any Grievance
Redressal through any of the following means:
1) 24x7 Toll Free No.: 1800-425-1515
2) 040-24683210/3219/3220 (Customer service officer at office hours)
3) Through E-mail: ccdhelpdesk@unionBankofindia.bank
4) By calling Credit Card & MAB Department, Union Bank of India, Union Bank Building,
Sultan Bazar, Hyderabad – 500095,Telangana, India. (The details are provided in the
Bank’s website) In case response is not received by the Cardholder within a reasonable
time, Card holder may contact the Credit Card & MAB Department Grievance Redressal
Officer at Credit Card & MAB Department. Union Bank of India, Union Bank Building,
Sultan Bazar, Hyderabad on Phone No 040- 24683204 or by sending an e-mail to:
ccd.grievances@unionBankofindia.bank
E. IN CASE OF DEFAULT:
In case of default Payment, reminders are sent by post, telephone, SMS, e-mail from time
to time to the Card holders, for payment of outstanding amount in the card account. Bank
staff and or third parties will contact cardholder personally to remind, follow up and collect
dues. Any third party so appointed, shall adhere fully to the code of conduct on debt
collection. Bank retains the right to initiate legal action against the Card holder/ legal heirs
in case of default.
Occurrence of one or more of the following instances, shall constitute, in event of default,
the Bank at its sole discretion may withdraw the Credit Card facility.
• Card holder fails to pay amount due to the Bank within the stipulated period.
• Card holder fails to perform his/her obligations as per cardholder Application/
Agreement.