MyLoanCare is a FREE of cost service for borrowers

MyLoanCare - Baat Aapke Interest Ki

MyLoanCare Customer Ratings - 4.5/5.0

United Bank of India Fixed Deposit

United Bank of India FD Scheme

Last Updated 01st Jan 2021

United Bank of India fixed deposit is a reliable, secure and beneficial investment option that offers various benefits such as guaranteed returns, Government insurance, loan borrowing facility and flexible fixed deposit tenure.

Interest Rate 3.00% to 5.30%
Minimum Tenure
Maximum Tenure
Deposit Amount
Maximum Deposit
    Earn upto 6.95% on FD APPLY NOW

    United Bank of India FD

    United Bank of India is one of the leading fixed deposit providers in the country. The Bank offers FD with flexible tenures ranging between to . Apart from that, United Bank of India FD offers regular returns on fixed deposit ranging between 3.00% to 5.30%. For senior citizens, the interest rates on fixed deposits range between 3.50% to 5.80%. In addition to that, United Bank of India fixed deposit plans offer tailor-made fixed deposit products for different kinds of fixed deposit investors.

    Types of United Bank of India Fixed Deposit Schemes

    Different type of United Bank of India term deposit products offered to the investors are listed as follows:

    Benefits of United Bank of India FD

    United Bank of India fixed deposit is a popular investment option due to a number of benefits it provides to the FD investors. Some of these are listed as follows:

    • Guaranteed returns: The best thing about United Bank of India FD is that it offers guaranteed and assured returns to the investors. The return offered on fixed deposit is regulated by the Bank on a monthly, or quarterly basis, as per the Bank’s choice. Currently, United Bank of India offers FD rates up to 5.30%. The interest rates offered on United Bank of India FD is not only assured but also way higher than a savings account.
    • Insured by the Government: The Deposit Insurance and Credit Guarantee Corporation offers deposit insurance of ₹ 5 Lakh to fixed deposits across all banks. Investing in a FD with a FD provider with the highest rating of AAA, rated by ICRA and CRISIL, is a reliable investment option.Thus, United Bank of India term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is.
    • Loan against FD: The investment made in FD scheme is not only a reliable investment option but can also act as an asset. This is because United Bank of India fixed deposit allows one to borrow a secured loan against United Bank of India FD. The Bank allows a loan up to 90-95% of the FD amount. The best part about United Bank of India loan against fixed deposit is that one does not need to break his or her FD to borrow the loan.
    • Flexible tenures: United Bank of India FD offers the investors the flexibility to choose the investment tenure as per their convenience. United Bank of India offers fixed deposit for a minimum tenure of up to a maximum tenure of . United Bank of India offers different interest rates across FD tenures.
    • Flexible investment: Apart from the flexibility of tenure, United Bank of India fixed deposit offers the flexibility of funds to FD investors as funds can be invested with a minimum amount of . Apart from that, one can invest in the United Bank of India FD up to a maximum of .

    Premature Withdrawal Terms and Conditions

    Though a fixed deposit with United Bank of India means depositing funds for a fixed period of time in expectation of a regular return. However, keeping in view the instability in the markets, the Bank allows premature withdrawals of funds from a fixed deposit. This means that investors can withdraw their funds before the date of maturity to fulfil their urgent financial conditions.

    Withdrawing funds prematurely from United Bank of India will attract an interest rate lowered by below the effective rate on the date of booking the FD. The penalty charged on fixed deposits is valid only on fixed deposits with a tenure greater than seven days. In case of premature withdrawal of United Bank of India fixed deposits with tenure less than seven days, the bank does not pay any interest.

    Eligibility Criteria for United Bank of India FD

    United Bank of India FD facility can be availed by the following type of investors:

    • Indian Citizens
    • Members of HUFs or the Hindu Undivided Family
    • Business firms
    • Local governing bodies
    • Government departments
    • Employees of private limited companies
    • Trust accounts

    Documents for United Bank of India FD

    United Bank of India fixed deposit requires one to submit the following documents:

    • Passport size photographs
    • Identity proofs such as Aadhar card, passport, PAN card, and driving license.
    • Address proofs such as passport, ration card, utility bills such as water, gas or electricity bill.
    • Age proof such as birth certificate, matriculation passing certificate, and Voter ID card.
    • Bank account details such as passbook and account number.

    FAQs

    What is the loan against FD repayment tenure?

    United Bank of India offers the loan against FD facility to the FD investors with a repayment tenure of up to .

    What is the minimum investment for FDs under United Bank of India?

    United Bank of India FD can be availed with a minimum deposit of .

    What is the minimum amount for a fixed deposit in United Bank of India?

    The minimum amount required for a fixed deposit investment in United Bank of India fixed deposit is .

    What is the current interest rate on FD in United Bank of India?

    Currently, United Bank of India offers an interest rate ranging between 3.00% to 5.30% on its fixed deposits.

    What is the penalty for early withdrawal?

    The penalty for early withdrawal ranges between 0.5% to 1% in most cases, based on the loan amount and tenure.

    What is the minimum FD tenure for which a fixed Deposit account can be opened in United Bank of India?

    United Bank of India fixed deposit can be opened with a minimum tenure of .


    Notification ×
    • Home Loan

      Home Loan starting at 8.65%. Cashback of up to ₹ 1,000 plus Free COVID Insurance of ₹ 1 lakh.

      Apply Now
    • Personal Loan

      Instant Personal Loan with Cashback of up to ₹ 1,000 or Free Corona Insurance Cover of up to ₹ 5 Lakhs.

      Check Offers
    • Fixed Deposit

      AAA rated FDs with returns as high as 6.95%.

      Invest Now
    • Demat Account

      Open Instant Demat Account and Get Cashback of ₹ 500*. *T&C Apply

      Apply Now
    • DBS Savings Account

      Open Account Online and Cashback of up to ₹ 4,800.

      Open Account
    • Gold Loan

      Instant Gold Loan starting at 9.90% with Cashback of up to ₹ 500 or Free Corona Health Cover of upto ₹ 1 Lakh.

      Apply Now
    • Loan Against Property

      Best Loan Against Property Offers starting @ 10.75%. Cashback of up to ₹ 1,000*.

      Apply Now
    • Credit Card

      Get amazing offers, discounts and welcome gift vouchers on SBI Credit Cards.

      Apply Now
    United Bank News - Jan 2021
    • 2019-07-31 : United Bank of India posted Rs. 105 crore profit in the first quarter
      United Bank of India (UBI) has reported a profit of Rs. 105 crore during the first quarter of FY19-20 as against Rs. 389 crore loss a year ago. The total banking business grew by around 3% during this period. Following the footsteps of other lenders, UBI is also planning to bring down the fixed deposit rates after some time. Moreover, it is planning to achieve growth across retail loans and MSME loans to 60% by 2020.
    • 2018-12-13 : United Bank of India hikes Fixed deposit rates by 0.25%
      United Bank of India (UBI) has raised interest rates on its fixed deposit (FD) by 0.25% across select maturities. With the increase, the fixed deposit rate for one-year tenure will increase to 6.5% from existing 6.35%. While the interest rate for fixed deposits between 1-3 years will increase to 6.25% from 6 percent. The bank has revised the rate of interest on domestic term deposits for less than Rs. 1 crore, with effect from December 14, 2018.
    *Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
    Loader
    Please wait while your information is being processed...