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Union Bank Fixed Deposit (FD) Interest Rates
Features of Union Bank FD
Interest rates (p.a)3.00% - 7.75%
Minimum deposit ₹1,000
Maximum deposit ₹1 Cr
Lock-in 
12 months
12 months
Tenure 1 yr - 10 yrs
Senior citizen 
Extra 0.5% p.a.
Extra 0.5% p.a.
FD Calculator
Deposit Amount
Min. ₹1,000, Max. ₹1 Cr
Interest Payout
Deposit Tenure
Min. 1 yr, Max. 10 yrs
Monthly Income
Min. ₹1,000, Max. ₹1,000
Interest Payout
Deposit Tenure
Min. 1 yr, Max. 10 yrs
You need to invest in total
₹26,662 
in Union Bank@ 5.39%
Union Bank FD Interest Rate 2023
| Tenure | General Public FD Rate | Senior Citizens FD Rate |
|---|---|---|
| 7 - 14 Days | 3.00% | 3.50% |
| 15 - 30 Days | 3.00% | 3.50% |
| 31 - 45 Days | 3.00% | 3.50% |
| 46 - 90 Days | 4.05% | 4.55% |
| 91 - 120 Days | 4.30% | 4.80% |
| 121 - 180 Days | 4.40% | 4.90% |
| 181 Days to < 1 Year | 5.25% | 5.75% |
| 1 Year | 6.30% | 6.80% |
| >1 Year to 398 Days | 6.30% | 6.80% |
| 399 Days | 7.00% | 7.50% |
| 400 Days to 2 years | 6.30% | 6.80% |
| > 2 years to less than 3 years | 6.30% | 6.80% | 3 years | 6.50% | 7.00% |
| >3 Years to 5 Years | 6.70% | 7.20% |
| >5 Years to 10 Years | 6.70% | 7.20% |
Fixed Deposit Interest Rates Comparison 2023
| Name | Interest rate (p.a.) | Tenure | Min. deposit | |
|---|---|---|---|---|
 Bajaj Finance Ltd. |
7.11% - 8.60% |
1 - 5yrs
|
₹50,000 |
Deposit Now |
 SBI Bank |
3.00% - 7.60% |
1 - 10yrs
|
₹1,000 |
View details |
 ICICI Bank |
3.00% - 7.60% |
1 - 10yrs
|
₹10,000 |
View details |
 Axis Bank |
3.50% - 7.95% |
1 - 10yrs
|
₹5,000 |
View details |
 HDFC Bank |
3.00% - 7.75% |
1 - 10yrs
|
₹5,000 |
View details |
 Bank of Baroda |
3.00% - 7.75% |
1 - 10yrs
|
₹1,000 |
View details |
 IDFC Bank |
3.50% - 8.00% |
1 - 10yrs
|
₹10,000 |
View details |
 Kotak Mahindra Bank |
2.75% - 7.70% |
1 - 10yrs
|
₹5,000 |
View details |
 Canara Bank |
4.00% - 7.75% |
1 - 10yrs
|
₹1,000 |
View details |
 Yes Bank |
3.25% - 8.25% |
1 - 10yrs
|
₹10,000 |
View details |
 IndusInd Bank |
3.50% - 8.25% |
1yr - 5yrs 1m
|
₹10,000 |
View details |
 Punjab National Bank |
3.50% - 7.75% |
1 - 10yrs
|
₹1,000 |
View details |
 IDBI Bank |
3.00% - 7.30% |
1 - 20yrs
|
₹10,000 |
View details |
| Union Bank |
3.00% - 7.75% |
1 - 10yrs
|
₹1,000 |
View details |
 Citibank |
3.50% - 7.95% |
1 - 5yrs
|
₹1,000 |
View details |
 RBL Bank |
3.50% - 8.30% |
1 - 10yrs
|
₹1,000 |
View details |
 Indian Bank |
2.80% - 7.20% |
1 - 10yrs
|
₹1,000 |
View details |
About Union Bank
Headquartered in Mumbai, Union Bank of India is one of the leading public sector banks of our country. It was registered on 11th November 1919, and today has over 9,500 domestic branches and 13,300+ ATMs. It has a wide employee base of more than 75,000 people serving over 120 million customers nationwide. The bank offers multiple banking and financial services to its customers including fixed deposits, loans, locker services, debt restructuring, and more. The Government of India holds 89.07% of Union Bank's total share capital. Union Bank amalgamated with Corporation Bank and Andhra Bank on 1st April 2020, making the entity the fourth largest in terms of the branch network.
Benefits of Union Bank Fixed Deposit
Frequently asked questions
The following individuals or groups can open a fixed deposit account with Union Bank:
- Residential Indians
- Non-Residential Indians (NRIs)
- Minors with co-signing adults
- Hindu Undivided Family (HUF)
- Agencies and institutions
- Societies, clubs, and associations
- Private and public limited companies
The following is the list of documents you require to open an FD account with Union Bank:
- Identity Proof:
- Voter ID
- Passport
- Driving License
- PAN Card
- Aadhaar Card
- Ration Card with photo
- Senior Citizen identification, where applicable
- Any Government ID
- Address Proof:
- Passport
- Telephone Bill
- Electricity Bill
- Bank Statement including cheque
- Post Office issued certificates
- Aadhaar Card
Depending on the FD’s tenure, the UBI FD Interest rates start from 3.00% p.a. and go up to 5.40% p.a. Senior citizens can enjoy an additional 0.50% over and above the normal UBI FD rate.
The FD tenure ranges from 7 days to 10 years.
Yes, you can take a loan up to 90% of the principal amount and accrued interest. The tenure of the loan is restricted to the tenure of the fixed deposit.
There is no maximum deposit limit for opening FDs with Union Bank.
Based on the instructions of the customers, interest can be paid on a quarterly or half-yearly basis. In case the date of interest falls on a bank holiday it will be paid on the next working day.
Yes. Union Bank offers tax saver FD schemes with a minimum lock-in period of 5 years and a maximum tenure of 10 years.
The minimum deposit amount for a tax saver FD is ₹5,000 and you can deposit in multiples of 1,000 thereof. Please note: The maximum amount that can be claimed under Section 80C of the Income Tax Act is ₹1,50,000 in a financial year.
Yes. You can nominate a close family member including your parents, children, or spouse to claim the maturity proceeds of your fixed deposit in case of your absence.
Interest payout
Interest payout
You need to invest in total
₹26,662
in Union Bank
@ 5.39% p.a.
ET Money does not offer investment options with Union Bank fixed deposit,