Union Bank of India: Net Banking Registration, Login, Reset Password, Download Bank Statement, Tax Payment & e-verify ITR

Union Bank of India is one of the leading public sector banks in India. The government of India has a holding of 89.07% of banks total share capital. With network of 9500+ domestic branches, the bank also has 13300 + ATMs, 75000+ employees and has a 120 million customer base. Moreover, the bank also has three overseas branches in Hong Kong, Dubai and Sydney. Recently in 2020, Andhara Bank and Corporation Bank merged into Union Bank of India.

The Government of India has built an infrastructure which will help in smoothening the tax filing and compliance process online via net banking login from selected banks such as by Union Bank of India net banking. This article will guide you in the following:

How to Register for Union Bank of India Internet Banking?

You can activate Internet banking service on your Union Bank of India account by following these steps:

  • Step 1: Visit Union Bank of India website
  • Step 2: From the top bar, select Digital > Internet Banking
  • Step 3: Select Internet banking again. A new tab will be opened.
  • Step 4: From the top bar, select Download application forms > Internet banking application
  • Step 5: The form will look like the following:
  • Step 6: Lastly, fill out this form and submit to your nearest Union Bank of India Branch. You will receive an user id once your form will get processed.

How to Login to Union Bank of India Internet Banking?

Once you receive your user id, here’s a guide on how to login by following these steps:

  • Step 1: Visit Union Bank of India website
  • Step 2: From the top bar, select Digital > Internet Banking
  • Step 3: Select Internet banking again. A new tab will be opened.
  • Step 4: On the right side column, select Retail user login
  • Step 5: Mention your user id, verification code, password and OTP (sent to your registered mobile number).
  • Step 6: Finally, you will be logged in and now will be able to use the Internet banking services.

How to Reset net banking login using Forgot Password?

Here’s how you can reset your Internet banking password:

  • Step 1: Visit Union Bank of India website
  • Step 2: From the top bar, select Digital > Internet Banking
  • Step 3: Select Internet banking again. A new tab will be opened.
  • Step 4: On the right side column, select Forgot/Reset password
  • Step 5: Mention your user id, account number, DOB, verification code and click on continue
  • Step 6: Enter an amount from your past 5 bank transactions for security purpose
  • Step 7: Lastly, you will get an option of Set new password. Confirm the new password. Click on confirm.
  • Step 8: Your Internet banking password will be changed.

How to Download account Statement?

Here’s how you can download the account Statement:

  • Step 1: Visit Union Bank of India website
  • Step 2: Login to you Internet Banking
  • Step 3: From the top bar, select Accounts > Balance & Transaction info > Account summary.
  • Step 4: Click on your account number mentioned
  • Step 5: You will be able to see your transaction history
  • Step 6: Additionally, You can select the date range and transaction type based on your requirement.
  • Step 7: Lastly, on the bottom left, there will be an option of PDF. Click on that and your statement will be downloaded.

How to make Direct Tax Payment through net Banking Online?

The Income Tax department has built an infrastructure to collect taxes online via net banking/ Debit cards from selected banks. You can pay your direct taxes online using your Bank Account by following these steps:

  • Step 1: Visit the TIN-NSDL portal and hence, click on Services > e-Payment: Pay Taxes Online
  • Step 2: Select the necessary challan as per your tax liability. Click on Proceed. Select the necessary challan by reading the following:
    • TDS/TCS SectionTax Deducted at Source (TDS) and Tax Collected at Source (TCS) section refers to as:
    • Any tax collected while making any specified payments such as rent, commission, salary, interest, etc.
    • Any tax collected by the seller at the time of sale
    • If you have paid TDS or collected TCS then you need to look for challans under TDS/TCS Section
TDS Calculator
TDS (Tax Deducted at Source) is a part of Income Tax. TDS should be dedcuted by a person for specific payments made.
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TDS Calculator
TDS (Tax Deducted at Source) is a part of Income Tax. TDS should be dedcuted by a person for specific payments made.
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  • Non-TDS/TCS Section- Challans that are not regarding TDS or TCS are found under Non- TDS/TCS Section. Any type of Tax that doesn’t involve TDS or TCS has to be paid by challans mentioned under the Non- TDS/TCS Section.
    • Challan 280 of the Income Tax Department- Challan 280 is a much easy way to pay your advance tax, regular assessment tax, self-assessment tax, Surtax, etc. online in a few simple steps.  
  • Step 3: Enter the required details
    • Type of Tax Applicable
    • Type of Payment
    • Mode of Payment (Net Banking or Debit Card)
    • Select the name of the Bank from a drop-down
    • PAN Number
    • Assessment year
    • Address
    • Email id
    • Phone number

Enter the captcha code and click on Proceed.

  • Step 4: Finally, your challan has been created. Verify the details inserted. Check the Tick box click on Submit to the bank.
  • Step 5: You will be redirected to the Union Bank of India portal. Select the type of user and click on the mentioned link.
  • Step 6: Lastly, Log in to your Account and verify Challan details. Click on Continue.
  • Step 7: Enter the OTP received on the registered mobile number to complete the transaction.

How to e-verify ITR using net Banking?

The process of filing your Income Tax Return is not complete until you e verify your ITR. E-Verification should happen within 120 days of e-filing your ITR.

Here’s the step-by-step process to e-verify ITR using net banking:

  • Step 2: Subsequently, click on the “View Returns/Forms” option
  • Step 3: Click on the “Returns pending for e-Verification” option
  • Step 4: Next, click on the option to e verify the ITR
  • Step 5: Generate an EVC through Net banking
  • Step 6: Select the Union Bank of India option and log in using the net banking credentials
  • Step 7: Click on ‘Income Tax e-Filing’ in the Operating Account Section
  • Step 8: Finally, enter your Account Number & PAN with which you want to e verify ITR. After this click on the Submit button
  • Step 9: Click on “Login into e-Filing
  • Step 10: Lastly, You will be redirected to the income tax e-filing portal where a pop-up message will appear. Click on the option to continue

Your ITR is successfully verified and you can download an attachment.

Track Your ITR Status
Check your Income Tax Return Status using the PAN and Acknowledgment number - which is allocated by the Income Tax Department after filing your ITR.
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Track Your ITR Status
Check your Income Tax Return Status using the PAN and Acknowledgment number - which is allocated by the Income Tax Department after filing your ITR.
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FAQs

When can I download account statement using net banking for ITR filing?

You will require your Bank statement pdf for a particular financial year. The financial year begins on 1st April and ends on 31st March.
Example: if you are filing the ITR for the FY 2019-20 you need a bank statement from 1st April 2019 to 31st March 2020.
This Bank statement will represent all the incomes, expenditures and undertaken financial activities.

What are the documents required from my Union Bank account to file Income Tax Return?

To file your ITR you will need your Bank Account Statement from your Bank’s Net banking Account for the financial year.

What are the ways to make e-Payment of taxes through Union Bank?

The facility provides a platform for taxpayers to pay Income Tax payments online. You can use either Net banking login or through your Union Bank debit card.

Got Questions? Ask Away!

  1. Hey @TeamQuicko

    Thanks for the blog! Just one quick question - Why do we have to report a quarterly breakdown of Dividend Income under IFOS?

    Thank you!

  2. I had received dividend recently but I had noticed that TDS had been deducted. any idea as to why has it happened and is there a way I can claim this TDS?

  3. Hey @HarshitShah

    After the introduction of Budget 2020, dividend income is now taxable in the hands of the shareholder; and is also subject to TDS at 10% in excess of INR 5000 u/s 194 & 194K. Foreign Dividend is taxable at slab rates. TDS is not applicable to such dividends. The taxpayer should report such income under the head IFOS in the ITR filed on the Income Tax Website.

    Hope this helps!

  4. Hi @ameyj

    The amount of TDS deducted shall reflect in your Form 26AS only and it will also reflect the name of the deductor.
    Using the name of the deductor you can find out on which share you have received the dividend and you can also cross-check the same in your bank statement.

    Yes, you are right, TDS is to be deducted when the dividend paid exceeds 5000 INR in a financial year. However, the 5,000 INR limit pertains to all the dividends an individual gets in a year, or the total dividend per shareholder that a company pays out in a year, is left to interpretation, and hence registrars and share transfer agents (RTA) are not taking any chances and are deducting TDS even on small amounts.

    Hope this helps

  5. Hi @TeamQuicko

    Consider that I have 10 shares each of 10 different Indian companies. Each of the 10 companies are declaring a dividend of INR 100 before the FY ends. Now I will be recieving 1000 as dividend from each company, thereby a total of 10,000.

    The 5,000 dividend limit, is it applicable to each company / total dividend recieved by me in a year. If it is applicable to each company, then I would not attract TDS of 10% for dividend.

    Also pl clarify, how would the company B know that I have got shares of Company A,C,D,E so on…

  6. Hey @Abdul_Kaleem_shah

    As per sec.194 of income tax act, TDS liability will arise when the amount of such dividend or the aggregate of the amounts of such dividend distributed or paid or likely to be distributed or paid during the financial year by the company to the shareholder, exceeds 5000 Rs.

    Here, the term company not includes aggregate companies and hence limit of 5000 Rs. should be applicable to each company.

    Here, you can read below article covering TDS on dividend income:

    Since, it is purely based on interpretation and ambiguous as opinion vary from experts.

  7. Hey @TeamQuicko

    I tried to file ITR-3 via Quicko’s integration with Zerodha. While filing the ITR, I got an option to switch to the New Tax regime to save additional taxes.
    Since I had some turnover from intraday and FnO (speculative/ business), am I eligible to switch to the new regime through Quicko while filing?
    How do I fill the Form 10-IE? If I haven’t filled the form, would the portal preent me from filing returns altogether?
    Also, once I get rebate (if opted for new regime) / pay dues (if opted for old regime), do I need to go through the hassles of replicating it on the new ITR portal (i.e manually answering the schedule sections)?

    Kind regards

  8. Hi @ChinmayB,

    Yes, you can opt for the new tax regime. However, keep in mind in case a taxpayer has business income and they opt for the new tax regime, they can switch to the old tax regime only once.

    If you opt for the new tax regime, you need to file Form 10-IE before filing the ITR

    Here’s how you can file the Form 10-IE

    When filing your ITR through Quicko, you do not need to enter details on the new ITR portal, since Quicko is a ERI (e-return intermediary) registered with the Income Tax Department.

    Note: ITR filing will be enabled on Quicko in the coming week. So stay tuned for more exciting features!

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