|CEO||Shri Rajkiran Rai G|
|Listed on exchange as||United Bank of India|
|Tenure||Regular customers||Senior citizens|
For a Union Bank of India FD with tenure ranging from 7 days to 12 months, the interest rate offered is from 3.00% p.a. to 5.25% p.a. These deposits are known as short term deposits as their tenure is less than 1 year.
Medium-term fixed deposits have their tenures ranging from more than 1 year to less than 5 years. The interest offered by the bank on these deposits is around 5.30% – 5.55% p.a.
These deposits have their tenure ranging from 5 years to 10 years and offer an interest rate of 5.60%.
A Union Bank FD account can be opened through different modes like Mobile App, Internet Banking, and offline.
1) Internet Banking
Follow the below-mentioned steps for opening a Union Bank FD account via internet banking-
2) Mobile App - Union Bank of India App
Follow the steps mentioned ahead to open an FD account via the Union Bank of India App-
3) Offline Union Bank of India FD Opening
For opening a Union Bank of India FD account via offline mode, one has to visit the nearest Union Bank of India branch. Fill out the Union Bank of India FD application form and present all the necessary documents with the deposit amount. On successful processing of the application, an FD receipt will be provided by the Union Bank of India.
Any individual belonging to any of the following groups are eligible to open a fixed deposit account with Union Bank.
However, keep in mind that tax saving FD schemes are only available to an individual or joint account holders. Agencies or corporations cannot invest through these plans.
Interested investors need to furnish valid identity and address proof before opening a Union Bank of India FD account.
Proof of Identity (Any One)
Proof of Address (Any One)
What is the minimum amount required to book an FD with Union Bank of India?
You can open a Union Bank FD with minimum Rs. 1000. Also, there is no limit on the maximum amount.
What is the FD rates provided by Union Bank of India FD?
The FD rates provided by UBI is 3.00% to 5.60% for regular citizens and 3.50% - 6.10% for senior citizens.
What is the highest interest rate provided by Union Bank on FD?
The maximum interest provide Union Bank of India on FD is 5.60%
What is the tenure of Union Bank of India FD?
The Union Bank of India FD tenure ranges from 7 days to 10 years.
Is nomination facility provided by the bank?
Yes, nomination facility is available