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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Interest Rates on Union Bank of India FD in 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: Interest rates apply to retail domestic deposits below ₹3 crore (below ₹5 crore for senior/super senior citizens) and may change periodically.
Union Bank Special Fixed Deposit Schemes
Alongside the usual fixed deposits, Union Bank also has some special-tenure FD schemes. The 555-day FD currently offers the highest interest rate in Union Bank’s standard domestic term-deposit rate table for deposits below ₹3 crore, at 6.55% p.a. for general customers.
Special FD schemes are launched by the bank during certain tenures where the interest rates may differ from the normal FDs. Verify the tenure, interest rate, early withdrawal policy, and other terms and conditions before investing.
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Senior Citizen Special Rates on Union Bank FDs
Union Bank of India offers extra interest on its FDs to eligible senior citizens apart from the normal rate of interest on retail FDs. It enables eligible resident senior citizens to earn more on their eligible domestic fixed deposits than general customers.
This extra interest is calculated depending on the tenure of the deposit scheme as per the prevailing policy of the bank. Always make sure of the latest rate chart before making the 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. |
Eligible deposits with Union Bank of India are covered under the Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance scheme up to the applicable limit per depositor per bank, subject to prevailing regulations.
Union Bank FD interest rate Frequently Asked Questions (FAQs)
Union Bank offers 6.55% p.a. for general customers, 7.05% p.a. for senior citizens and 7.30% p.a. for super senior citizens on the 555-day FD, based on the rates effective from 4 August 2026.
Yes. Union Bank offers fixed deposits for special tenures, including a 555-day tenor, which currently carries the highest rate in its standard domestic term-deposit rate table 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 under the DICGC deposit insurance scheme, subject to applicable conditions and limits.
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.
