Union Bank of India FD Rates

The bank also offers various fixed deposit products for NRIs, such as NRO, NRE, RFC and FCNR (B) fixed deposits. Union Bank of India accepts FCNR (B) fixed deposits and RFC fixed deposits in British Pound Sterling (GBP), Euro (EUR), Japanese Yen (JPY), Canadian Dollar (CAD), and Australian Dollar (AUD).

Union Bank of India FD Interest Rates – Highlights

Highest slab rate	6.30% (for 400 days)
For 1 year	6.25%
For 2 years	6.00%
For 3 years	6.00%
For 4 years	5.90%
For 5 years	5.90%
Tax-Saving FD	5.90%

The interest rates are updated as of 26 December 2025

Explore Investment Options:

Bonds	Types of Bonds	Bonds vs FD
Corporate Bonds	Tax Free Bonds	Capital Gain Bonds
Government Bonds	Zero Coupon Bonds	Floating Rate Bonds

Union Bank FD Interest Rates of Domestic/NRO deposits of less than Rs 3 crore w.e.f. 5 December 2025

Tenure	Interest Rates (% p.a.)
	Regular Citizens	Senior Citizens
7 days to 14 days	2.75	3.25
15 days to 30 days	3.00	3.50
31 days to 45 days	3.25	3.75
46 days to 90 days	4.40	4.90
91 days to 120 days	4.75	5.25
121 days to 180 days	5.00	5.50
181 days to 270 days	5.75	6.25
271 days to 364 days	6.00	6.50
1 year	6.25	6.75
Above 1 year to 399 days	6.20	6.70
400 days	6.30	6.80
401 days to 2 years	6.00	6.50
Above 2 years to 996 days	6.00	6.50
997 days	5.95	6.45
Above 998 days to 3 years	6.00	6.50
Above 3 years to 10 years	5.90	6.40

Note: For super senior citizens aged 80 years and above, the bank offers an additional 0.25% p.a. interest rate offered to senior citizens.

Estimate FD maturity value using FD calculator

Comparison of Top 20 Scheduled Banks based on FD Rates

Union Bank Of India Tax Saver Fixed Deposit

Tenure	Interest Rates (% p.a.)
	Regular Citizens	Senior Citizens
5 years to 10 years	5.90	6.40

Union Bank of India Fixed Deposit Interest Rates of NRE Fixed Deposits of less than Rs 3 crore w.e.f. 20 August 2025

Tenure	Interest Rates (% p.a.)
1 year	6.40
Above 1 year to 996 days	6.50
997 days	6.30
Above 998 days to less than 3 years	6.50
3 years	6.60
Above 3 years to 10 years	6.40

Union Bank Fixed Deposit Rates of FCNR (B) deposits w.e.f. 22 September 2025

Tenure	Interest Rates (% p.a.)
	USD less than  2 lakh	USD 2 lakh  and above	GBP	EUR	JPY	CAD	AUD
1 year to less than 2 years	5.35	5.45	4.50	3.00	0.20	3.50	4.10
2 years to less than 3 years	4.15	4.15	3.00	2.05	0.01	3.25	3.50
3 years to less than 4 years	3.95	3.95	2.50	1.55	0.01	3.00	3.00
4 years to less than 5 years	3.55	3.55	2.50	1.55	0.01	3.00	3.00
5 years only	3.65	3.65	2.50	1.55	0.01	3.00	3.00

Union Bank of India FD Rates of RFC deposits w.e.f. 22 September 2025

Tenure	Interest Rates (% p.a.)
	USD less than  2 lakh	USD 2 lakh and above	GBP	EUR	JPY	CAD	AUD
6 months to less than 1 year	5.35	5.45	4.50	3.00	0.20	3.50	4.10
1 year to less than 2 years	5.35	5.45	4.50	3.00	0.20	3.50	4.10
2 years to less than 3 years	4.15	4.15	3.00	2.05	0.01	3.25	3.50
3 years	3.95	3.95	2.50	1.55	0.01	3.00	3.00

How to Open an FD in the Union Bank of India

New customers can open a fixed deposit account with the bank by visiting a Union Bank of India branch. Existing customers can visit their branch or open an FD through net banking or the VYOM app (Union Bank of India Mobile Application) without any fresh documentation process.

Documents Required for Opening a Union Bank FD

For existing customers, usually no documents are required to open a fixed deposit (FD) as the bank already has the KYC details of their existing customers. The customer just needs to submit the fixed deposit form in the bank branch or can open the FD online through internet banking and mobile app facilities of the bank.

For new customers, identity proof and address proof documents are required. However, the bank may ask for additional documents based on the customer category. Hence, prospective depositors planning to open FDs with Union Bank of India should contact officials or visit its branches to know more about the required FD documentation process based on their customer category.

Eligibility Criteria of Union Bank FDs

Union Bank FDs can be opened by individuals, partnership firms, specified associates, societies, trusts, Limited Liability Partnerships, private and public limited companies, HUFs, departments, authority created by the government (central or state), etc.

Features of Union Bank FD Schemes

Union Bank of India Fixed Deposit Receipt (FDR)

• Minimum deposit amount: Rs 1,000
• Tenure: 6 months -10 years
• Loan and nomination facility is available
• Premature withdrawal of deposits is allowed
• On maturity, the deposit will be automatically renewed for the same duration at the applicable interest rate
• Additional senior citizen FD rates (0.50% p.a.) are applicable only to resident depositors
• Super senior citizens aged 80 years and above are offered an additional 0.75% p.a. interest rate on regular FD rates

Union Bank of India Short Deposit Receipt (SDR)

• Minimum deposit amount: Rs 1,000
• Tenure: 7 days-179 days
• Nomination and loan facilities are available
• Premature withdrawal of deposits is allowed
• Automatic renewal facility is available

Union Bank of India Deposit Re-Investment Certificate (DRIC)

• Minimum deposit amount: Rs 1,000
• Tenure: 6 months -10 years
• In this reinvestment deposit scheme, the interest will be compounded quarterly and paid on half yearly intervals. The interest accrued and the principal amount will be paid to the depositor at maturity.
• Nomination and loan facilities are available
• Premature withdrawal of deposits is allowed
• Automatic renewal facility is available

Union Tax Saver

• Deposit amount: Minimum-Rs 5,000 and in thereafter multiples of Rs 1,000; Maximum deposit amount: Rs.1.5 lakh in a financial year
• Tenure: 5-10 years
• Lock-in period: 5 years
• Loan facility is available only after the lock-in period of 5 years
• Automatic renewal facility is not available
• Premature closure is permitted only in case of death of the primary account holder
• Nomination facility is available

Union Bank of India Easy Tax Saver Deposit Scheme

• Minimum deposit amount: Rs 1,000 and thereafter in multiples of Rs. 1,000
• Maximum deposit amount: Rs 1.5 lakh in a financial year
• Lock-in period: 5 years
• Loans are not allowed and deposits cannot be used as collateral for any other facility
• Nomination facility is available
• Automatic renewal of deposits is not allowed
• Premature closure of deposits is permitted only in case of death of the primary account holder

Union Bank of India Monthly Income Scheme (MIS)

• Minimum deposit amount: 1,000 and thereafter in multiples of Rs. 1,000
• Maximum deposit amount: No limit
• Tenure: 1 year to 10 years
• The fixed deposit interest amount will be paid on monthly basis at the discounted value of the contracted rate
• Nomination and automatic renewal facilities are available
• Depositors can avail loans against their FD
• Premature closure of deposits is allowed

Union Non-Callable Term Deposits Scheme

• Minimum deposit amount: Rs 2 crore and above
• Tenure: 61 days to 3 years
• Auto renewal facility is not available
• Premature withdrawal of deposits is allowed only in the case of
  • In case of the death of the depositor or the first depositor in case of the joint account
  • In case of bankruptcy of depositor(s)
  • In case of Government or Regulators order
  • In case of a court order
• Loan or overdraft facility is permitted on deposits

Union Bank Money Flex Term Deposit (MFTD)

• The MFTD scheme offers depositors higher return on their FDs and also allows depositors to withdraw a part of their deposit at any time before  maturity without the need of prematurely closing their FD account.
• Minimum deposit amount: Rs. 25,000
• Maximum deposit amount: Less than Rs 2 crore
• Tenure: 6 months-10 years
• Loan facility is not available
• Automatic renewal facility is allowed
• Premature withdrawal of deposits is permitted with no penalty

Union Green Deposit (UGD)

• Minimum deposit amount: Rs. 50,000
• Maximum deposit amount: Less than Rs.2 crore
• Additional 0.50% interest rate is applicable to regular Union Bank FD rates for senior citizens and 1% to staff. Senior citizens who are also staff members receive an additional 1.50% interest rate.
• No auto-renewal facility is available

Union Bank of India Motor Accident Claims Annuity Deposit (MACAD)

• Minimum deposit amount – Based on a minimum monthly annuity Rs. 1,000 for the applicable period
• Tenure: 3 years-10 years
• Normal FD account will be opened in case the duration is less than 3 years MACAD for more than 120 months can be booked as per the direction of the court
• No loan or advance is permitted
• Nomination facility is available
• Premature withdrawal/part lump sum payment of MACAD during the claimant’s life will be made with court’s authorization. However, if authorized, a new annuity account will be formed for the balance tenure and amount, with the appropriate interest rate being the rate in effect at the time the new account is opened. If the balance tenure is less than 3 years, a new MIS (fixed deposit) account will be opened at the current rate

Union Bank of India Capital Gain Scheme

• Minimum deposit amount: Rs. 1,000
• Tenure: 2 years-3 years
  • Max 2 years – if capital gains can be saved under sections 54, 54B, 54 F.
  • Max 3 years – if capital gains can be saved under sections 54, 54 D, 54 F, 54 G and 54GB
• If the deposit is opened in the FDR system, the interest payment will be paid on a quarterly or half-yearly basis, depending on the customer’s preference.
• Loan facility is not available
• Nomination facility is available
• Automatic renewal is not permitted
• Premature withdrawal is allowed

Union Smart Rupee Deposit Scheme

• This scheme is offered to NRIs/PIO/OCIs
• Minimum deposit amount: USD 10,000 or equivalent
• Tenure: 1 year
• No premature extension is allowed
• Maturity amount will be paid in Indian Rupee (INR) only
• Interest rate will be as applicable to FCNR (B)- Term Deposit

Union Bank of India NRI Schemes

Union Bank of India NRE Fixed Deposit

• Minimum deposit amount:
  • Rs. 10,000 for FDR in metro & urban branches
  • Rs. 5,000 in rural & semi-urban branches, and
  • Rs. 5,000 for senior citizens
• No interest will be credited if the deposit is canceled before 1 year
• Nomination facility is available
• Interest will be paid on a quarterly basis and in case the date of interest payment falls on holidays, then on the next working days

Union Bank of India NRE Flexi Fixed Deposit

• This scheme is offered to NRIs/PIO/OCIs
• Minimum balance in Savings Account: Rs. 50,000
• Tenure: 1 year
• Sweep Out amount (From SB to Flexi Term Deposit account): Rs. 10,000 and thereafter multiples of Rs. 10,000 to up to Rs. 1 Crore per day
• Sweep in amount (From Flexi term Deposit to SB Account): Rs. 5,000 and in thereafter multiples of Rs. 5,000
• Periodicity of Sweep out: Daily
• Free benefits available:
  • 5 cheque books of 20 leaves each per financial year (NA) for the SB Account
  • No NEFT/RTGS Charges
  • No minimum balance charges
• Nomination facility is available
• No Loan or Overdraft or Lien will be allowed against the linked FD Flexi Account

Union Bank of India NRE Monthly Income Scheme

• Minimum deposit amount: Rs. 1,000
• Tenure: 1-10 years
• Interest will be paid at the discounted value of the contracted rate on a monthly basis
• Loan and nomination facility is available
• Premature closure is allowed and interest will be paid for the run period at the applicable rate and will attract penalty if any
• No interest will be credited if the deposit is closed before the 1-year duration

NRO-Short Term Deposit

• Tenure: 7 days – 180 days
• Minimum deposit amount: Rs. 5 lacs for a period of 7-14 days

NRO Flexi Fixed Deposit

• This scheme is offered to NRIs / PIOs/OCIs
• Minimum balance in Savings Account: Rs. 50,000
• Tenure: 46 days to 1 year
• Sweep Out amount (From Savings A/c to Flexi Term Deposit account): Rs. 10,000 and thereafter multiples of Rs. 10,000 to Upto Rs. 1 Crore per day
• Sweep In amount (From Flexi term Deposit to Savings A/c): Rs. 5,000 and in thereafter multiples of Rs. 5,000
• Free benefits available:
  • 5 cheque books of 20 leaves each per financial year (NA) for the SB Account
  • No NEFT/RTGS Charges
  • No minimum balance charges
• Periodicity of Sweep out: Daily
• Nomination facility is available
• No Loan or Overdraft or Lien will be allowed against the linked FD Flexi Account

Foreign Currency Non Resident

• Depositors can hold deposits in any of the 6 foreign currencies: US dollar (USD), Euro (EURO), Pound sterling (GBP), Australian Dollar(AUD), Japanese Yen (JPY), and Canadian Dollar (CAD)
• Tenure: 1-5 years
• The account can be held jointly with residents or/and with non-residents
• Both the interest and principal amount are freely and fully repatriable
• Loans against the deposits facility are available
• Loan against FCNR(B) deposit in foreign currencies is available to the depositors only

Resident Foreign Currency-FDR

• Eligibility: Returning Indians who have lived outside of India for at least 1 year for a continuous period and have become residents on or after April 18, 1992
• Depositors can hold deposits in any of the 3 foreign currencies: USD/EURO/GBP
• Tenure: 1-3 years

Union Smart Foreign Currency

• This scheme is offered to NRIs/PIO/OCIs
• Minimum deposit amount: USD 10,000 or equivalent
• Tenure: 1 year
• Interest Rate is same as applicable to NRE Term Deposit for 12 months
• No premature extension and withdrawal is allowed

Premature Withdrawal of Fixed Deposits

• In the case of pre-closure of fixed deposits of less than Rs 2 crores, that have run for 7 days or more, interest will be paid at 1% less than the applicable rate (as on the date of opening of deposit) for the duration for which it has remained with the bank or the contracted rate, whichever is lower.
• In case of Union Green Deposits (UGD):
  • In the event of pre-closure of a deposit that has been open for at least 7 days, interest will be paid at a rate of 1% less than the applicable rate (as of the deposit’s opening date) for the duration for which it has remained with the bank or the contracted rate, whichever is lower.
  • If the pre-closure is completed before the 7 days, no interest will be credited.

Union Bank of India FD Calculator

Union Bank of India has not provided an FD calculator on its website. Hence individuals planning to open an FD with the bank can visit online financial marketplaces like Paisabazaar and use their Union Bank FD Calculator to calculate the maturity amount based on the deposit amount, tenure, and Union Bank FD rates.

FAQs on Union Bank FD Rates

Q. What is the highest Union Bank of India FD interest rate?

Ans: The highest Union Bank of India FD interest rate is 6.30% for 400 days. (for regular individuals).

Q. What is the tenure of the Union Bank of India fixed deposit account?

Ans: The tenure of the Union Bank of India’s fixed deposit account is 7 days to 10 years.

Q. What is the maximum tenure of the Short Deposit Receipt scheme?

Ans: The maximum tenure of the Short Deposit Receipt (SDR) scheme is 179 days

Q. Will there be any penalties in the case of premature closure?

Ans: Union Bank of India charges a 1% penal rate in case of premature closure of FDs. The interest will be paid after deducting the penal rate from the applicable interest rate or contracted rate, whichever is lower. The applicable rate would be the interest rate applicable for the tenure of the deposit for which the FD remained with the bank at the time of FD opening.

Q. Is the loan facility available against the FD account at Union Bank of India?

Ans: Yes, Depositors can avail loans against deposits for up to 90% of their Union Bank FD amount.

Q. Is the nomination facility available on Fixed Deposit Receipts?

Ans: Yes, the nomination facility is available on Fixed Deposit Receipts.

Q. What is the Union Bank of India FD interest rate for senior citizens?

Ans: Union Bank of India offers an additional 0.50% interest rate on regular FD rates to senior citizens.

Q. What will happen to my Union Bank FD after its maturity in case of the absence of any specific maturity-related instructions?

Ans: In the absence of specific maturity related instruction, your Union Bank FD will be auto renewed for the same tenure at the applicable interest rate on the date of maturity.

Q. Does Union Bank of India offer loan against Money Flex Term Deposit (MFTD) scheme?

Ans: No, Union Bank of India does not offer loan against Money Flex Term Deposit (MFTD) scheme.

Q. Does Union Bank of India issue FD receipts against fixed deposits opened through Union Money Flex Term Deposit (MFTD) scheme?

Ans: Union Bank of India does not issue FD receipts against FD opened through MFTD scheme. Instead, the bank issues a statement of account or passbook to the MFTD depositor.

Q. What are the interest payout options available in Union Bank Tax Saver FDs?

Ans: Union Bank of India offers half-yearly and quarterly interest pay-out options if the deposit is opened under the Union FDR scheme. The bank provides a monthly interest pay-out option if the deposit is opened under the Union MIS scheme. The depositor also has the option to receive both the interest and principal at maturity under the DRIC scheme interest wherein the interest component is reinvested into the deposit amount.