Union Bank of India was registered on 11 November 1919 as a limited company in Mumbai and was inaugurated by Mahatma Gandhi.

As you asking I am telling transaction limit for OTP generated through mobile banking application in Union Bank Of India is is Rs 50,000/- and through SMS is Rs 5,000/- per transaction:

Process to generate OTP

Send SMS <OTP> <MPIN> to 9223173921

In Mobile Banking Application,

Main Menu-->Immediate Payments Service (IMPS)-->Generate OTP

Bank profile

Type Public company (BSE: 532477)

Industry Financial services

Founded 11 November 1919; 96 years ago

Headquarters Mumbai, India

Key people Arun Tiwari

(Chairman & MD)

Revenue 211.44 billion (US$3.1 billion) (2012)

Net income 17.87 billion (US$270 million) (2012)

Owner Government of India

Number of employees 36377(2015)