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Union Bank of India
Safety:Bank Safety:Good
•✓₹5l DICGC insuredDICGC insured up to ₹5L
Bank Overview
Type
PublicHeadquarters
MumbaiFounded
1919Branches
8697DICGC Coverage
₹5 LakhsFinancial Health Indicators(FY 2026)
NNPA
0.48%Strong
CAR
18.10%Strong
PCR
95.03%Strong
LCR
113.83%Fair
CASA
35.21%Strong
Fixed Deposit (FD) Interest Rates
| TENURE | General | Senior |
|---|
•For callable FDs < ₹3 Cr•Premature withdrawal penalty applies
Savings Account Interest Rates
| Deposit Slabs | Interest Rate |
|---|
Foreign Currency Non-Resident (FCNR-B) Deposit Rates
Maturity | USD | |
|---|---|---|
| Deposit Amount | Under $200K | $200K+ |
| 1 to <2 years | 4.40%BEST | 4.50%BEST |
| 2 to <3 years | 3.55% | 3.60% |
| 3 to <4 years | 3.35% | 3.40% |
| 4 to <5 years | 3.00% | 3.05% |
| 5 years | 3.05% | 3.10% |
NRI Fixed Deposit Rates (NRE & NRO)
| TENURE | Interest Rate |
|---|---|
1 year to 399 days | 6.20% |
400 days | 6.25% |
401 to 443 days | 6.25% |
444 days | 6.50% |
445 to 554 days | 6.15% |
555 days | 6.55%BEST |
556 to 996 days | 6.15% |
997 days | 6.10% |
998 days to 3 years | 6.10% |
Above 3 to 10 years | 6.00% |
•For callable NRE FDs < ₹3 Cr•100% tax-free in India•Premature withdrawal penalty applies
Frequently Asked Questions
As of September 2026, Union Bank of India offers up to 6.55% p.a. on Fixed Deposits and up to 6.25% p.a. on Savings Accounts based on the balance slabs maintained.
Yes, Union Bank of India is a scheduled bank regulated by the RBI. Your deposits (up to ₹5 Lakhs per depositor) are insured by the DICGC, which covers principal and interest across all account types.
The minimum tenure for a fixed deposit with Union Bank of India starts from 7 Days. Senior citizens receive an additional interest rate benefit of up to 0.50% p.a. over general citizen rates.
Union Bank of India offers tiered interest rates ranging from 2.50% to 6.25% p.a. depending on the balance slabs maintained in the savings account.
Yes, interest earned on deposits is taxable. Savings account interest is tax-free up to ₹10,000 per year (₹50,000 for senior citizens) under Section 80TTA/80TTB. FD interest is fully taxable, and TDS is deducted at 10% if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.
Union Bank of India FD Calculator
Months
Days
MATURITY AMOUNT
₹1,06,346
MATURITY DATE
19 Sept 2027
Interest rate6.20% p.a.
Principal₹1,00,000
Total interest₹6,346
Indicative only. Actual figures may vary.