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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 - Above Rs. 10 cr (last revised on Jun 19, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Above Rs. 10 cr

4.00

N.A

Calculate
15 days to 30 days Above Rs. 10 cr

6.00

N.A

Calculate
31 days to 45 days Above Rs. 10 cr

6.50

N.A

Calculate
46 days to 90 days Above Rs. 10 cr

8.00

N.A

Calculate
91 days to 120 days Above Rs. 10 cr

8.00

N.A

Calculate
121 days to 179 days Above Rs. 10 cr

8.25

N.A

Calculate
181 days to less than 364 days Above Rs. 10 cr

8.50

N.A

Calculate
180 days Above Rs. 10 cr

8.50

N.A

Calculate
1 years Above Rs. 10 cr

9.00

N.A

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

8.25

N.A

Calculate
Above 5 years to 10 years Above Rs. 10 cr

8.25

N.A

Calculate

b) For domestic deposits - Less than Rs. 1 cr (last revised on Jun 19, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Less than Rs. 1 cr

4.00

4.00

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

4.75

4.75

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

6.00

6.00

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

6.50

6.50

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

7.50

7.50

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

7.50

7.50

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

8.65

8.65

Calculate
180 days Less than Rs. 1 cr

8.65

8.65

Calculate
1 years Less than Rs. 1 cr

9.00

9.50

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

9.00

9.50

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

8.75

9.25

Calculate

c) For domestic deposits - Rs. 1cr to Less than Rs. 10 cr (last revised on Jun 19, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Rs. 1cr to Less than Rs. 10 cr

4.00

4.00

Calculate
15 days to 30 days Rs. 1cr to Less than Rs. 10 cr

4.75

4.75

Calculate
31 days to 45 days Rs. 1cr to Less than Rs. 10 cr

4.75

4.75

Calculate
46 days to 90 days Rs. 1cr to Less than Rs. 10 cr

7.25

7.25

Calculate
91 days to 120 days Rs. 1cr to Less than Rs. 10 cr

8.00

8.00

Calculate
121 days to 179 days Rs. 1cr to Less than Rs. 10 cr

8.00

8.00

Calculate
181 days to less than 364 days Rs. 1cr to Less than Rs. 10 cr

8.25

8.25

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

8.25

8.25

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

9.00

9.50

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

8.50

9.00

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

8.50

9.00

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

8.75

9.25

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 - Above Rs. 10 cr (last revised on Jun 19, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Above Rs. 10 cr 4.00 Calculate
15 days to 30 days Above Rs. 10 cr 6.00 Calculate
31 days to 45 days Above Rs. 10 cr 6.50 Calculate
46 days to 90 days Above Rs. 10 cr 8.00 Calculate
91 days to 120 days Above Rs. 10 cr 8.00 Calculate
121 days to 179 days Above Rs. 10 cr 8.25 Calculate
180 days Above Rs. 10 cr 8.50 Calculate
181 days to less than 364 days Above Rs. 10 cr 8.50 Calculate
1 years Above Rs. 10 cr 9.00 Calculate
Above 1 years to 5 years Above Rs. 10 cr 8.25 Calculate
Above 5 years to 10 years Above Rs. 10 cr 8.25 Calculate

b) For NRO Fixed Deposit - Less than Rs. 1 cr (last revised on Jun 19, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Less than Rs. 1 cr 4.00 Calculate
15 days to 30 days Less than Rs. 1 cr 4.75 Calculate
31 days to 45 days Less than Rs. 1 cr 6.00 Calculate
46 days to 90 days Less than Rs. 1 cr 6.50 Calculate
91 days to 120 days Less than Rs. 1 cr 7.50 Calculate
121 days to 179 days Less than Rs. 1 cr 7.50 Calculate
180 days Less than Rs. 1 cr 8.65 Calculate
181 days to less than 364 days Less than Rs. 1 cr 8.65 Calculate
1 years Less than Rs. 1 cr 9.00 Calculate
Above 1 years to 5 years Less than Rs. 1 cr 9.00 Calculate
Above 5 years to 10 years Less than Rs. 1 cr 8.75 Calculate

c) For NRO Fixed Deposit - Rs. 1cr to Less than Rs. 10 cr (last revised on Jun 19, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Rs. 1cr to Less than Rs. 10 cr 4.00 Calculate
15 days to 30 days Rs. 1cr to Less than Rs. 10 cr 4.75 Calculate
31 days to 45 days Rs. 1cr to Less than Rs. 10 cr 4.75 Calculate
46 days to 90 days Rs. 1cr to Less than Rs. 10 cr 7.25 Calculate
91 days to 120 days Rs. 1cr to Less than Rs. 10 cr 8.00 Calculate
121 days to 179 days Rs. 1cr to Less than Rs. 10 cr 8.00 Calculate
181 days to less than 364 days Rs. 1cr to Less than Rs. 10 cr 8.25 Calculate
180 days Rs. 1cr to Less than Rs. 10 cr 8.25 Calculate
1 years Rs. 1cr to Less than Rs. 10 cr 9.00 Calculate
Above 1 years to 5 years Rs. 1cr to Less than Rs. 10 cr 8.50 Calculate
Above 5 years to 10 years Rs. 1cr to Less than Rs. 10 cr 8.50 Calculate

a) For NRE Fixed Deposit - Above Rs. 10 cr (last revised on Apr 15, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year Above Rs. 10 cr 9.00 Calculate
Above 1 years to 5 years Above Rs. 10 cr 8.25 Calculate
Above 5 years to 10 years Above Rs. 10 cr 8.25 Calculate

b) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Apr 15, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year Less than Rs. 1 cr 9.00 Calculate
Above 1 years to 5 years Less than Rs. 1 cr 9.00 Calculate
Above 5 years to 10 years Less than Rs. 1 cr 8.75 Calculate

c) For NRE Fixed Deposit - Rs. 1cr to Rs. 10 cr (last revised on Apr 15, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year Rs. 1cr to Rs. 10 cr 9.00 Calculate
Above 1 years to 5 years Rs. 1cr to Rs. 10 cr 8.50 Calculate
Above 5 years to 10 years Rs. 1cr to Rs. 10 cr 8.50 Calculate
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