Union Bank of India (Union) is a nationalised public sector bank, headquartered in Mumbai, established in 1919. Its headline 1-year FD rate of 6.20% is −0.03% below the public sector average of 6.23%, ranking #8 of 12 public sector banks.
Figures marked “approx.” are rounded public estimates as of 2024.
Health indicators sourced from official 2025 disclosures. CRAR ≥ 16% = strong · Net NPA < 1% = healthy · Verify before investing.
Rates as of 10 Aug 2026, verified from official source. Majority Government-of-India owned — deposits insured by DICGC up to ₹5,00,000.
Estimate returns at Union (quarterly compounding)
Rates for deposits below ₹3 crore · General / Senior / Super Senior · trend over time
Bars green where above, ink where at/below, the Post Office Time Deposit rate (sovereign-guaranteed, not DICGC-insured) at that tenure — no PO product shorter than 1 year, so shorter bars keep this bank's own color.
Bars green where above, ink where at/below, the Post Office Time Deposit rate (sovereign-guaranteed, not DICGC-insured) at that tenure — no PO product shorter than 1 year, so shorter bars keep this bank's own color.
Bars green where above, ink where at/below, the Post Office Time Deposit rate (sovereign-guaranteed, not DICGC-insured) at that tenure — no PO product shorter than 1 year, so shorter bars keep this bank's own color.
| Tenure | General | Senior | Super Sr. | Trend | Applies to |
|---|---|---|---|---|---|
7 to 14 days |
2.70% | 3.20% | 3.45% | Below ₹3 crore | |
7 to 14 days |
2.70% | 3.20% | 3.45% | ₹3 crore to ₹10 crore | |
15 to 30 days |
2.80% | 3.30% | 3.55% | Below ₹3 crore | |
15 to 30 days |
2.80% | 3.30% | 3.55% | ₹3 crore to ₹10 crore | |
31 to 45 days |
3.00% | 3.50% | 3.75% | Below ₹3 crore | |
31 to 45 days |
2.95% | 3.50% | 3.75% | ₹3 crore to ₹10 crore | |
46 to 90 days |
4.00% | 4.50% | 4.75% | Below ₹3 crore | |
46 to 90 days |
3.75% | 4.50% | 4.75% | ₹3 crore to ₹10 crore | |
91 to 120 days |
4.30% | 4.80% | 5.05% | Below ₹3 crore | |
91 to 120 days |
4.05% | 4.80% | 5.05% | ₹3 crore to ₹10 crore | |
121 to 180 days |
4.75% | 5.25% | 5.50% | Below ₹3 crore | |
121 to 180 days |
4.60% | 5.25% | 5.50% | ₹3 crore to ₹10 crore | |
181 to 270 days |
5.40% | 5.90% | 6.15% | Below ₹3 crore | |
6 months to less than 1 year |
5.40% | — | — | ₹3 crore to ₹10 crore | |
271 to 364 days |
5.60% | 6.10% | 6.35% | Below ₹3 crore | |
1 year to 399 days |
6.20% | 6.70% | 6.95% | Below ₹3 crore | |
1 year |
6.00% | — | — | — | ₹3 crore to ₹10 crore |
above 1 year to 2 years |
6.00% | — | — | — | ₹3 crore to ₹10 crore |
400 days 400-Day Special |
6.25% | 6.75% | 7.00% | — | Below ₹3 crore |
400 days 400-Day Non-Callable |
6.75% | 7.25% | 7.50% | — | ₹1 crore to ₹3 crore (non-callable) |
401 to 443 days |
6.25% | 6.75% | 7.00% | Below ₹3 crore | |
444 days 444-Day Special |
6.50% | 7.00% | 7.25% | — | Below ₹3 crore |
444 days 444-Day Non-Callable |
6.80% | 7.30% | 7.55% | — | ₹1 crore to ₹3 crore (non-callable) |
445 to 554 days |
6.15% | 6.65% | 6.90% | Below ₹3 crore | |
555 days 555-Day Special |
6.55% | 7.05% | 7.30% | — | Below ₹3 crore |
555 days 555-Day Non-Callable |
6.65% | 7.15% | 7.40% | — | ₹1 crore to ₹3 crore (non-callable) |
556 to 996 days |
6.15% | 6.65% | 6.90% | Below ₹3 crore | |
above 2 years to 996 days |
6.00% | — | — | — | ₹3 crore to ₹10 crore |
997 days |
6.10% | 6.60% | 6.85% | — | Below ₹3 crore |
997 days |
6.00% | 6.60% | 6.85% | — | ₹3 crore to ₹10 crore |
998 days to 3 years |
6.10% | 6.60% | 6.85% | Below ₹3 crore | |
998 days to 3 years |
6.00% | 6.60% | 6.85% | ₹3 crore to ₹10 crore | |
above 3 years to 10 years |
6.00% | 6.50% | 6.75% | — | Below ₹3 crore |
above 3 years to 5 years |
5.75% | — | — | — | ₹3 crore to ₹10 crore |
above 5 years to 10 years |
5.75% | — | — | — | ₹3 crore to ₹10 crore |
Rates for deposits below ₹3 crore · general vs senior citizen · trend over time
| Tenure | General | Senior | Trend | Applies to |
|---|---|---|---|---|
1 year to 399 days |
6.20% | 6.70% | Any amount | |
400 days |
6.25% | 6.75% | — | Any amount |
401 to 443 days |
6.25% | 6.75% | Any amount | |
444 days |
6.50% | 7.00% | — | Any amount |
445 to 554 days |
6.15% | 6.65% | Any amount | |
555 days |
6.55% | 7.05% | — | Any amount |
556 to 996 days |
6.15% | 6.65% | Any amount | |
997 days |
6.10% | 6.60% | — | Any amount |
998 days to 3 years |
6.10% | 6.60% | Any amount | |
above 3 years to 10 years |
6.00% | 6.50% | — | Any amount |
Rates for deposits below ₹3 crore · general vs senior citizen · trend over time
| Tenure | General | Senior | Trend | Applies to |
|---|---|---|---|---|
Any tenure |
2.50% | — | — | Up to ₹50 lakhs |
Deposits with Union Bank of India are insured by DICGC up to ₹5,00,000 per depositor (principal + interest). Senior citizens (60+) typically earn an extra 0.50% p.a. over the published general rates.
Informational only — always confirm the current rate on the official Union website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.
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