The Central Government in consultation with the Reserve Bank of India (RBI) notified the amalgamation of Andhra Bank with the Union Bank of India through a vide gazette notification dated 4 March 2020. The amalgamation came into effect from 1 April 2020. Hence, the customers who had fixed deposit account in the Andhra Bank were transferred to Union Bank of India.
Union Bank of India FD Interest Rates
| Highest slab rate | 6.60% (for 3 years) |
| For 1 year | 6.40% |
| For 2 years | 6.50% |
| For 3 years | 6.60% |
| For 4 years | 6.40% |
| For 5 years | 6.40% |
| Tax-Saving FD | 6.40% |
The interest rates are updated as of 26 August 2025
Book FDs at Interest rate upto 8.05% p.a
Manage all FDs in one place
No Bank A/C Required
To know more about Union Bank of India Fixed Deposits: Click here
