NOTICE OF UBI FOR EMPANELMENT OF VALUERS

Notification
INVITING APPLICATIONS FROM ELIGIBLE APPLICANTS FOR EMPANELMENT OF VALUERS

1) Applications are invited for Empanelment of Valuers, subject to the fulfilment of the Eligibility Criteria as furnished in Annexure-I.
2) The scope of entrustment for the empanelled Valuers will generally be restricted to the eligible accounts financed by the Bank within the jurisdictional area of Region of the Bank opted by the Applicant, as the empanelment will be made Region-wise. The terms of engagement for empanelled valuers are furnished in Annexure-II.
3) The Application Format can be downloaded from Bank’s Corporate Website at www.unionbankofindia.co.in Application format is as per Annexure-V.
4) The duly completed and signed Applications along with Original (For Verification) and Two self-attested xeroxed sets of all supporting documents and Checklist (Annexure-XIII) should be submitted at own cost (during bank’s working hours only) at any Regional Office within the opted Zone of Union Bank of India between 29.11.2025 & 06.12.2025 (both days inclusive). No application will be accepted entertained for current empanelment process after 06.12.2025.
5) The applicants will also have to present (at their own cost) the originals of all supporting documents attached with the Application for verification at the same Regional Office (with prior appointment), within 3 (three) bank’s working days of submission of application.

6) The application not supported by the required documents, OR where originals of all supporting documents attached with the Application are not produced for verification at the same Regional Office within prescribed time, OR where the applications with conditional acceptance of terms & conditions, is liable to be summarily rejected.
7) List of Bank’s Regional Offices under each Zone is available in Annexure-VII.
8) The applicants should not submit any application / documents directly to Bank’s Zonal Office and/or Central Office.
9) The empanelment as Valuers will be done at the sole discretion of the Bank and the Bank reserves its right of rejecting any of /all the applications, without assigning any reason there-of. It is clarified that the Valuer neither guarantees any/ regular assignments, nor does it tantamount to Contract of Employment with the Bank.
10) In case any applicant (firm / company/ individual/ proprietor/ partner/director) has been found guilty of misconduct in professional capacity in any Bank/ Institution and his/her name has been circulated/ reported by Indian Banks Association (IBA)/ Reserve Bank of India (RBI)/ Securities and Exchange Board of India (SEBI) / Governing Institute/ Any Regulatory or Statutory Authority/ Any Govt. Agency or Body, his/ her application will not
be considered for empanelment as Valuer.
11) If the performance of any empanelled valuers found to be unsatisfactory or he/she is found involved in any misconduct in professional capacity/ unwarranted practice/frauds, the Bank can remove such valuers from the panel at its sole discretion. The name/s of the valuers empanelled by Bank will be informed to IBA for circulation among member Banks.
For any clarifications, the applicant may contact the nearest Regional Office of Union Bank of India.