This article offers a brief summary of the key aspects of the Union Bank Of India’s Fixed Deposit schemes. Since these details are subject to frequent updates, please refer to the bank’s official website for the most current information on features and interest rates.
Union Bank Of India – Fixed Deposit Features:
- Minimum Period: 6 Months
- Maximum Period: 120 Months
- Minimum Deposit Amount: Rs. 1000/- *Note: Minimum amount criteria do not apply to Government-sponsored subsidy schemes, margin money, earnest money, or court-ordered deposits.
- Maximum Deposit: No Limit
- Rate of Interest: The interest payable on fixed deposit receipts aligns with the rates listed in the bank’s interest table, accessible on the Bank’s website.
- Interest Payment Frequency: Interest payments are made quarterly or half-yearly based on the customer’s instruction.
- If the interest payment date falls on a holiday, it will be disbursed on the next working day.
- TDS deductions will be as per established guidelines.
- Automatic Renewal: Deposits will automatically renew for the same duration at the prevailing interest rate upon maturity in the absence of specific instructions.
How to invest?
Click here to invest in the Union Bank Of India’s Fixed Deposit schemes.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank/institution.