| You are here : | Products Personal Fixed deposit |
- Union Bank Fixed Deposit Rates 2020
- Union Bank Fixed Deposit Rates 2020
- Union Bank Fixed Deposit Rates Calculator
The bank will provide depositors with an option for auto renewal of the fixed term deposit or credit the maturity proceeds to their current or savings account on maturity date. You cannot add additional amounts to your fixed term deposit but can open more than one fixed term deposit. The rate of interest is fixed. Union Bank of India FD Calculator: Get details on Union Bank of India FD rates on March 2021 by maturity period, deposit amount & fixed deposit interest rate with Union Bank of India Latest.
Fixed Deposit Receipt (FDR)
Features:
- The period of deposit may be outstretched up to a maximum period of 20 years in the case of institutions government undertakings, corporate bodies in order to fulfill their special needs like the creation of sinking fund, amortization fund etc., or for individuals for any other needs.
- Mudaraba Monthly Deposit Scheme (Prerona): Mudaraba Monthly Deposit Scheme is a special type of Fixed Deposit Account which provides the applicant with monthly profit accrued from the Fixed Deposit.
- City Union Bank offering attractive fixed deposit interest rates for its senior citizens customer at 8.50% p.a. For 1 year tenure. Many small finance banks giving highest fixed deposit interest rates for its senior citizen customers one of them is City Union Bank.
Scheme Code | TD002 |
Eligibility | Any Resident Individual - Single Accounts, Two or more individuals in Joint Accounts, Illiterate Persons, Blind persons, Purdanasheen Ladies, Minors, Associations, Clubs, Societies, etc. Trusts, Institutions/Agencies specifically permitted by the RBI eligible to open a 'Fixed Deposit Receipt' Account' in single/joint names. |
Minimum Period | 6 Months |
Maximum Period | 120 months |
Minimum Deposit Amount | Rs.1000/- . |
Maximum Deposit | No Limit |
Rate of Interest | The rate of interest is payable on fixed deposit receipt as per interest table available on the Bank’s website. |
Interest payment Frequency | Interest will be paid on quarterly or half yearly basis as per the instruction of the customer. In case date of interest payment falls on a holiday the same will be paid on the next working day. |
TDS | TDS will be deducted as per guidelines. |
Loan Facility | Available |
Nomination Facility | Available as per guidelines |
Automatic Renewal | Deposit will be auto renewed for the same period at the applicable rate of interest on maturity in the absence of specific instruction. |
Premature Closure | Allowed. Interest will be paid for the run period at applicable rate and penalty if any. |
Penalty on Premature Closure | In case of Pre-closure of retail term deposits (less than Rs.2.00 crores), which have run for 7 days or above, interest to be paid at 1.00% less than the applicable rate (as on the date of opening of deposit) for the period for which it has actually remained with the Bank or contracted rate, whichever is lower. |
Union Bank Fixed Deposit Rates 2020
UNION BANK OF INDIA RESERVES THE RIGHT TO CHANGE / ALTER / WITHDRAW TERMS AND CONDITIONS OF THE SCHEME.
Union Bank Fixed Deposit Rates 2020
- Apply Online
- Fixed Deposits