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Union Bank of India

Fixed Deposit Rates

You are requested to reconfirm the rates from the respective banks before making any financial commitments.

a) For domestic deposits - Less than Rs. 1 cr (last revised on Mar 31, 2017)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Less than Rs. 1 cr

5.00

N.A

Calculate
15 days to 30 days Less than Rs. 1 cr

5.00

N.A

Calculate
31 days to 45 days Less than Rs. 1 cr

5.00

N.A

Calculate
46 days to 90 days Less than Rs. 1 cr

5.50

N.A

Calculate
91 days to 120 days Less than Rs. 1 cr

6.25

N.A

Calculate
121 days to 179 days Less than Rs. 1 cr

6.25

N.A

Calculate
180 days to less than 10 Month Less than Rs. 1 cr

6.95

N.A

Calculate
180 days to less than 364 days Less than Rs. 1 cr

7.00

N.A

Calculate
180 days Less than Rs. 1 cr

6.90

N.A

Calculate
10 Month to 14 Month Less than Rs. 1 cr

7.00

N.A

Calculate
1 years Less than Rs. 1 cr

7.00

N.A

Calculate
Above 1 years to 3 years Less than Rs. 1 cr

6.80

N.A

Calculate
Above 14 Month to 3 years Less than Rs. 1 cr

6.80

N.A

Calculate
Above 3 years to 5 years Less than Rs. 1 cr

6.80

N.A

Calculate
Above 5 years to 10 years Less than Rs. 1 cr

6.80

N.A

Calculate

Tax Saver Fixed Deposits (Amount capped at Rs. 1 lakh per Financial Year)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
Union Tax Saver Scheme - 5 years to 10 Years Upto Rs. 1 lakh

6.80

N.A

Calculate

Tax Implications:

  • The amount invested in fixed deposits with a maturity period of 5 years in a Scheduled bank is eligible for tax deduction under section 80C. However, the interest earned on the deposit is taxable.
  • Tax will be deducted at the source, if the interest income on a fixed deposit per annum exceeds Rs.10000

a) For NRO Fixed Deposit - Less than Rs. 1 cr (last revised on Mar 31, 2017)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Less than Rs. 1 cr 5.00 Calculate
15 days to 30 days Less than Rs. 1 cr 5.00 Calculate
31 days to 45 days Less than Rs. 1 cr 5.00 Calculate
46 days to 90 days Less than Rs. 1 cr 5.50 Calculate
91 days to 120 days Less than Rs. 1 cr 6.25 Calculate
121 days to 179 days Less than Rs. 1 cr 6.25 Calculate
180 days Less than Rs. 1 cr 6.90 Calculate
180 days to less than 364 days Less than Rs. 1 cr 7.00 Calculate
180 days to less than 10 Month Less than Rs. 1 cr 6.95 Calculate
10 Month to 14 Month Less than Rs. 1 cr 7.00 Calculate
1 years Less than Rs. 1 cr 7.00 Calculate
Above 1 years to 3 years Less than Rs. 1 cr 6.80 Calculate
Above 14 Month to 3 years Less than Rs. 1 cr 6.80 Calculate
Above 3 years to 5 years Less than Rs. 1 cr 6.80 Calculate
Above 5 years to 10 years Less than Rs. 1 cr 6.80 Calculate

a) For NRE Fixed Deposit - Above Rs. 10 cr to 100 crs (last revised on Jan 30, 2017)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 years Above Rs. 10 cr to 100 crs 6.60 Calculate
Above 1 years to 3 years Above Rs. 10 cr to 100 crs 6.00 Calculate
Above 3 years to 5 years Above Rs. 10 cr to 100 crs 6.00 Calculate
Above 5 years to 10 years Above Rs. 10 cr to 100 crs 6.00 Calculate

b) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Jan 30, 2017)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 years Less than Rs. 1 cr 7.00 Calculate
Above 3 years to 5 years Less than Rs. 1 cr 6.80 Calculate
Above 1 years to 3 years Less than Rs. 1 cr 6.80 Calculate
Above 5 years to 10 years Less than Rs. 1 cr 6.80 Calculate

c) For NRE Fixed Deposit - Rs. 1cr to Rs. 10 cr (last revised on Jan 30, 2017)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 years Rs. 1cr to Rs. 10 cr 6.60 Calculate
Above 1 years to 3 years Rs. 1cr to Rs. 10 cr 6.40 Calculate
Above 3 years to 5 years Rs. 1cr to Rs. 10 cr 6.40 Calculate
Above 5 years to 10 years Rs. 1cr to Rs. 10 cr 6.40 Calculate
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