Union Bank of India Fixed Deposit(FD) Interest Rates 2023

Union Bank of India Fixed Deposit(FD) Interest Rates 2023

Unlocking Financial Growth with Union Bank Fixed Deposits

Discover the power of financial stability with Union Bank of India's enticing fixed deposit (FD) schemes. As a government-owned bank under the Ministry of Finance, Union Bank stands as a reliable institution, serving a massive customer base exceeding 120 million. Investing in Union Bank FDs emerges as a strategic move to amplify your surplus funds over a specified tenure.

Key Features of Union Bank FDs:

Wide Range of Schemes: Union Bank offers diverse FD schemes with flexible tenures ranging from 7 days to 10 years, catering to varied investment needs.

Liquidity Benefits: Experience quick and convenient access to your funds when required, ensuring easy liquidity.

Competitive Interest Rates: Union Bank provides attractive interest rates across all FD schemes, allowing customers to optimize their returns. Senior citizens enjoy an additional 0.50% interest rate.

Popular Union Bank FD Schemes:

Short Deposit Receipt: Ideal for short-term investments with a minimum tenure of 7 days, requiring a minimum deposit of Rs. 5 lakh for 7-14 days.

UBI Fixed Deposit Receipt: Offers flexible tenures from 7 days to 10 years, with a minimum deposit of Rs. 10,000 and quarterly interest payouts.

Monthly Income Scheme: Tailored for those seeking regular monthly payments, with senior citizens earning an extra 0.50% interest for deposits exceeding 1 year.

Deposit Reinvestment Certificate: Yields the highest returns as interest is compounded quarterly and paid with the principal. Tenure ranges from 6 months to 10 years.

Tax Saver Deposit: Enables tax savings under Section 80C of the Income Tax Act, with a minimum deposit of Rs. 5000 and a 5-year lock-in period for eligibility.

Opening a Union Bank FD:

Customers can seamlessly open a Union Bank FD account through the Mobile App, Internet Banking, or offline modes. The process is user-friendly, ensuring a hassle-free experience. Union Bank also facilitates loans against fixed deposits, allowing customers to meet financial needs while retaining their funds.

Conclusion:

Union Bank of India emerges as a comprehensive financial partner, offering an array of fixed deposit schemes with enticing interest rates and flexible tenure options. Whether you seek short-term gains or long-term investment avenues, Union Bank's FD schemes are tailored to your financial aspirations. Initiate your investment journey with Union Bank FDs today to safeguard and enhance your financial future.


Unlocking Financial Growth with Union Bank Fixed Deposits

Discover the power of financial stability with Union Bank of India's enticing fixed deposit (FD) schemes. As a government-owned bank under the Ministry of Finance, Union Bank stands as a reliable institution, serving a massive customer base exceeding 120 million. Investing in Union Bank FDs emerges as a strategic move to amplify your surplus funds over a specified tenure.

Key Features of Union Bank FDs:

Wide Range of Schemes: Union Bank offers diverse FD schemes with flexible tenures ranging from 7 days to 10 years, catering to varied investment needs.

Liquidity Benefits: Experience quick and convenient access to your funds when required, ensuring easy liquidity.

Competitive Interest Rates: Union Bank provides attractive interest rates across all FD schemes, allowing customers to optimize their returns. Senior citizens enjoy an additional 0.50% interest rate.

Popular Union Bank FD Schemes:

Short Deposit Receipt: Ideal for short-term investments with a minimum tenure of 7 days, requiring a minimum deposit of Rs. 5 lakh for 7-14 days.

UBI Fixed Deposit Receipt: Offers flexible tenures from 7 days to 10 years, with a minimum deposit of Rs. 10,000 and quarterly interest payouts.

Monthly Income Scheme: Tailored for those seeking regular monthly payments, with senior citizens earning an extra 0.50% interest for deposits exceeding 1 year.

Deposit Reinvestment Certificate: Yields the highest returns as interest is compounded quarterly and paid with the principal. Tenure ranges from 6 months to 10 years.

Tax Saver Deposit: Enables tax savings under Section 80C of the Income Tax Act, with a minimum deposit of Rs. 5000 and a 5-year lock-in period for eligibility.

Opening a Union Bank FD:

Customers can seamlessly open a Union Bank FD account through the Mobile App, Internet Banking, or offline modes. The process is user-friendly, ensuring a hassle-free experience. Union Bank also facilitates loans against fixed deposits, allowing customers to meet financial needs while retaining their funds.

Conclusion:

Union Bank of India emerges as a comprehensive financial partner, offering an array of fixed deposit schemes with enticing interest rates and flexible tenure options. Whether you seek short-term gains or long-term investment avenues, Union Bank's FD schemes are tailored to your financial aspirations. Initiate your investment journey with Union Bank FDs today to safeguard and enhance your financial future.


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