Union Bank of India is a leading public sector bank in India, offering a comprehensive range of financial services. It provides fixed deposits with attractive interest rates, flexible tenures from 7 days to 10 years. Use the calculator to estimate your interest earnings and maturity amounts, making your investment planning easy.
Here is the interest rate table for fixed deposits of less than 3 crore:
| Tenure | General Customers (%) | Senior Citizen (%) |
|---|---|---|
| 7-45 Days | 3.50 | 4.00 |
| 46-90 Days | 4.50 | 5.00 |
| 91-120 Days | 4.80 | 5.30 |
| 121-180 Days | 5.00 | 5.50 |
| 181 Days to < 332 days, 334 days to < 1 year | 6.35 | 6.85 |
| 333 days | 7.40 | 7.90 |
| 1 year to 398 Days | 6.80 | 7.30 |
| 399 Days | 7.25 | 7.75 |
| 400 Days to less than 3 Years | 6.60 | 7.10 |
| 997 days, 999 days | 6.40 | 6.90 |
| 3 years | 6.70 | 7.20 |
| > 3 Year to 10 years | 6.50 | 7.00 |
Data last updated on 01/09/2024. Check latest interest rates here.
Union Bank of India FD Calculator
Union Bank of India FD FAQs
What is the minimum and maximum tenure for Fixed Deposits at Union Bank of India?
The minimum tenure is 6 months, and the maximum tenure is 120 months.
What is the minimum and maximum deposit amount for Fixed Deposits?
The minimum deposit amount is ₹1,000, with no maximum limit.
Can I take a loan against my Fixed Deposit?
Yes, a loan facility is available against your Fixed Deposit.
Does Union Bank of India offer automatic renewal for Fixed Deposits?
Yes, in the absence of specific instructions, the deposit will be auto-renewed for the same period at the applicable rate of interest on maturity.
Is premature closure of Fixed Deposits allowed?
Yes, premature closure is allowed. Interest will be paid for the actual period the deposit was held, with a penalty of 1% less than the applicable rate if the deposit was for less than ₹2 crores and has run for 7 days or more.