When it comes to fixed deposits with public sector banks in India, Union Bank of India offers different types of fixed deposit schemes with different tenures and additional interest for eligible senior citizens.
Be it any tenure of fixed deposits that you want, knowing the latest Union Bank FD interest rates, schemes, and tenures will come in handy for your financial goals.
Disclaimer: This article is purely meant for educational purposes and does not serve as financial advice. Union Bank FD interest rates are subject to change as per Union Bank of India. Kindly refer to the official Union Bank website for checking the interest rates.
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Union Bank of India FD Interest Rates in November 2026
Union Bank of India offers domestic fixed deposits for various tenures ranging from 7 days to 10 years. As per the interest rate schedule effective from 4 August 2026, the bank offers interest rates of up to 6.55% p.a. for general customers and 7.05% p.a. for senior citizens on some selected deposit tenures.
| Deposit Tenure | General Customers | Senior Citizens | Super Senior Citizens (80+) |
| 7–14 Days | 2.70% p.a. | 3.20% p.a. | 3.45% p.a. |
| 15–30 Days | 2.80% p.a. | 3.30% p.a. | 3.55% p.a. |
| 31–45 Days | 3.00% p.a. | 3.50% p.a. | 3.75% p.a. |
| 46–90 Days | 4.00% p.a. | 4.50% p.a. | 4.75% p.a. |
| 91–120 Days | 4.30% p.a. | 4.80% p.a. | 5.05% p.a. |
| 121–180 Days | 4.75% p.a. | 5.25% p.a. | 5.50% p.a. |
| 181–270 Days | 5.40% p.a. | 5.90% p.a. | 6.15% p.a. |
| 271–364 Days | 5.60% p.a. | 6.10% p.a. | 6.35% p.a. |
| 1 Year–399 Days | 6.20% p.a. | 6.70% p.a. | 6.95% p.a. |
| 400 Days | 6.25% p.a. | 6.75% p.a. | 7.00% p.a. |
| 401–443 Days | 6.25% p.a. | 6.75% p.a. | 7.00% p.a. |
| 444 Days | 6.50% p.a. | 7.00% p.a. | 7.25% p.a. |
| 445–554 Days | 6.15% p.a. | 6.65% p.a. | 6.90% p.a. |
| 555 Days | 6.55% p.a. | 7.05% p.a. | 7.30% p.a. |
| 556–996 Days | 6.15% p.a. | 6.65% p.a. | 6.90% p.a. |
| 997 Days | 6.10% p.a. | 6.60% p.a. | 6.85% p.a. |
| 998 Days–3 Years | 6.10% p.a. | 6.60% p.a. | 6.85% p.a. |
| Above 3 Years–10 Years | 6.00% p.a. | 6.50% p.a. | 6.75% p.a. |
Note: These are rates for callable domestic retail deposits below ₹3 crore. Eligible resident senior and super-senior citizens receive additional interest on domestic term deposits up to ₹5 crore, subject to the bank’s terms. For deposits of ₹2 crore and above, contact a Union Bank branch to confirm the applicable rate.
Union Bank Special Fixed Deposit Schemes
Alongside its regular tenure buckets, Union Bank of India offers specific deposit tenures such as 400 days, 444 days, 555 days and 997 days. Among callable domestic retail deposits below ₹3 crore, the 555-day FD currently offers the highest rate of 6.55% p.a. for general customers.
The bank also publishes separate rates for non-callable deposits above ₹1 crore and below ₹3 crore. These rates differ from the callable FD card, so compare the applicable rate, withdrawal restrictions, tenure and deposit amount before booking.
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Senior Citizen Special Rates on Union Bank FDs
Union Bank of India offers additional interest on eligible domestic term deposits for resident senior and super-senior citizens. Depositors aged 60 years and above receive an additional 0.50 percentage point over the regular rate, while those aged 80 years and above receive an additional 0.75 percentage point over the regular rate.
These benefits apply to eligible domestic term deposits up to ₹5 crore. NRI senior citizens are not eligible for the additional interest. Depositors should check the bank’s latest rate card and eligibility conditions before booking an FD.
Things to Consider Before Opening a Union Bank FD
While the interest rate is an important factor, it shouldn’t be the only one. Before investing, consider whether the tenure matches your financial goals, understand the premature withdrawal policy, review the taxation of interest income, and decide whether you prefer cumulative or periodic interest payouts.
| Factor | Why It Matters |
| Interest Rate | Determines the return on your investment. |
| Deposit Tenure | Should align with your financial goals. |
| Special FD Scheme | Selected tenures may offer different rates. |
| Premature Withdrawal | May be subject to reduced interest or penalties. |
| Deposit Insurance | Eligible deposits are covered under DICGC limits as applicable. |
Interest earned on Union Bank FDs is taxable according to the applicable income-tax rules and the depositor’s tax position. Under Section 393 of the Income-tax Act, 2025, TDS on bank deposit interest generally applies when aggregate interest exceeds ₹50,000 in a tax year for non-senior citizens or ₹1 lakh for senior citizens.
Eligible deposits with Union Bank of India are covered by the Deposit Insurance and Credit Guarantee Corporation (DICGC), subject to the applicable rules. The insurance limit is ₹5 lakh per depositor per bank, including both principal and accrued interest. Deposits held across different branches of the same bank are aggregated when calculating the cover.
Union Bank FD interest rate Frequently Asked Questions (FAQs)
Union Bank of India offers up to 6.55% p.a. to general customers, 7.05% p.a. to eligible resident senior citizens and 7.30% p.a. to eligible resident super-senior citizens on its 555-day callable domestic FD, based on rates effective from 4 August 2026.
Union Bank offers specific FD tenures such as 400 days, 444 days, 555 days and 997 days. The 555-day callable deposit currently offers the highest rate on its standard callable domestic retail rate card for deposits below ₹3 crore.
Yes. One can use the Union Bank FD calculator to calculate the maturity amount by entering the investment amount, tenure, and applicable interest rate.
Union Bank of India is a public sector bank regulated by the Reserve Bank of India. Eligible deposits are covered by DICGC insurance up to ₹5 lakh per depositor per bank, including principal and interest. Any amount above this limit is not covered by the DICGC insurance cap.
Final Thoughts
Union Bank of India continues to be a preferred public sector bank for fixed deposits, offering flexible tenures, special FD schemes, and additional interest for senior citizens. Whether you’re investing for a short-term goal or planning for the long term, compare the available tenures, understand the applicable conditions, and verify the latest interest rates before opening a fixed deposit. This can help ensure your investment aligns with your financial goals while taking advantage of the features offered by the bank.
Disclaimer
Fixed returns do not constitute guaranteed or assured returns. Investments in corporate debt securities and municipal debt securities/securitized debt instruments are subject to credit risks, market risks, and default risks, including delay and/or default in payment. Read all the offer-related documents carefully. This blog/article should not be construed as financial advice or as an offer or recommendation to buy or sell any security or any products/services of/on GoldenPi or any product/services of its third-party client(s). For a detailed calculation of YTM, visit our website. T&C’s Apply.
