Union Bank of India Interest Rates on FD, Dec 2016

Last Updated 26th Nov 2016
TenureInterest Rate
30 Days5.00%
45 Days 5.00%
60 Days 5.50%
90 Days 5.50%
120 Days 6.25%
6 Months 7.00%
9 Months 7.05%
12 Months 7.25%
18 Months 7.25%
2 Years 7.25%
3 Years 7.25%
4 Years 7.25%
5 Years 7.25%
7 Years 7.25%
10 Years 7.25%

Union Bank of India FD Interest Rates

    Read Latest News on Union Bank of India Here
  • Union Bank of India offers FD interest rates upto 7.25% per annum.
  • Interest on deposits with Union Bank of India is typically compounded quarterly.
  • Union Bank of India accepts deposits starting at Rs. 10000 for various tenures.
  • For senior citizens (age more than 60 years), Union Bank of India offers 0.50% for 1 year and above higher interest rate over and above rates mentioned below.

Union Bank of India Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, Union Bank of India pays applicable ROI for actual duration of deposit.

Loan against Union Bank of India FD

  • Union Bank of India offers loan upto 90% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

Union Bank of India Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with Union Bank of India, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of Union Bank of India in your city - Find Union Bank of India Branches here

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  • Union Bank of India FD rates with other banks in India

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News - Dec 2016
18th Nov 16 Union Bank new business loan scheme for startups
Union Bank of India has launched a new business loan scheme to support and promote start ups at its 98th foundation day. The bank will provide term loan and working capital finance up to Rs. 5 crores at low interest rate with no processing fees.
01st Sep 16 Union Bank of India will reduce its MCLR from September 1, 2016
Union Bank of India has reduced its Marginal Cost Based Lending Rate (MCLR) by 5 basis points (bps) across maturities. The 1 year MCLR has been reduced to 9.4 percent from the current rate of 9.45 percent. The 2 year and 3 year MCLR is reduced to 9.45 and 9.5 percent respectively. The 3 month and 6 month MCLR has been reduced to 9.25 percent and 9.35 percent respectively. Similarly the Overnight and 1 month MCLR has been reduced to 9.15 and 9.2 percent. These changes are effective from 1st September, 2016. For borrowers who have taken a home loan from Union Bank of India after 1st April 2016, the reduction in MCLR will translate into a reduction in their floating home loan rates and hence their interest outgo.
11th Aug 16 Union Bank of India app allows users to control credit card transactions
Union Bank of India has launched an app called UControl for its customers that will allow them to block transactions and set limits over their credit cards. This app will also allow customers to block certain transaction channels such as ATM withdrawals, in store transactions, Internet transactions and foreign transactions. Through this app, customer can also monitor and analyze spends of dependents or joint cardholders.
08th Aug 16 Union Bank of India Q1 profit falls to Rs 166.32 crore
Union Bank of India Ltd reported a fall of 68 per cent in net profit to Rs. 166.32 crore in the first quarter of FY17. Net interest income of the bank decreased to Rs. 2102.25 crore against Rs. 2130.17 crore during same period of FY16. Gross NPAs of the bank as a percentage of total loans increased by 12.86 per cent to Rs. 27280.90 crore in the first quarter of FY17.
26th May 16 Union Bank of India launches product to facilitate stamp duty and registration on property purchases
Union Bank of India launched e SBTR (Electronic Secured Bank Treasury Receipt), a facility for a single window payment facility of both stamp duty and registration fee for home purchase in Maharashtra. The e SBTR allows payment without any ceiling and is available on 24x7x365 through internet banking. The facility makes it possible to do the necessary paper work and formalities on line and get the endorsement of the final document at the branch level at one go.
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