Rates verified from official source

Union Bank of India interest rates · November 2026

Top FD rate
6.55%
555 days · 555-Day Special
Senior citizen FD
7.05%
555 days · 555-Day Special
Top RD rate
6.55%
555 days
Savings rate
6.25%
Above ₹3000 crore
Top NRE FD rate
6.55%
555 Days
Top FCNR(B) rate
4.40%
USD · 1 year to less than 2 years

Union FD rates

1 year6.20%Senior 6.70%3 years6.10%Senior 6.60%5 years6.00%Senior 6.50%
All tenures, calculator and comparison →

What will my FD earn at Union?

Estimated value after 1 year · before tax ₹5,31,728 6.20% p.a. · ₹31,728 interest · quarterly compounding
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Plan your recurring deposit at Union

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Before opening an RD

Estimates assume on-time monthly installments and quarterly compounding. Confirm the term, minimum installment, late payment rules, and early closure terms with the bank.

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Overview

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 0.06% below the public sector average of 6.26%, ranking #798 of 1033 banks on RateScan.in.

Headquarters
Mumbai
Established
1919
Branches
~8,500 approx.
ATMs
~9,000 approx.
Total business
~₹21 lakh crore approx.
Monitored since
18 Sept 2026
Ownership
Government of India (majority stakeholder)
Operates in
All India (nationwide)

Figures marked “approx.” are rounded public estimates as of 2024.

Financial health
CRAR
16.59%
Capital adequacy
Net NPA
0.69%
Bad loans (net)
Credit rating Brickwork, ICRA, CARE, CRISIL
AAA
Rating details ↓

Health indicators sourced from official 2025 disclosures. CRAR ≥ 16% = strong · Net NPA < 1% = healthy · Verify before investing.

Rates verified from official source. Majority Government-of-India owned: deposits insured by DICGC up to ₹5,00,000.

RBI record

Every RBI press release since 1 Jan 2024 that names Union Bank of India, newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.

A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.

  1. RBI fined the bank ₹95.40 lakh

    RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Limiting Liability of Customers in Unauthorised Electronic Banking Transactions’, and ‘Automation of Income Recognition, Asset Classification and Provisioning processes’”

    What RBI found

    “The bank did not credit (shadow reversal) the amount involved in the unauthorised electronic transaction to certain customers’ accounts within 10 working days from the date of such notification by the customer; The bank did not provide customers with 24x7 access to report unauthorised banking transactions through multiple channels; and The bank resorted to manual intervention in the System based asset classification process in certain KCC accounts.”

    RBI says: “The action is based on deficiencies in statutory and regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”

    RBI press release 2025-2026/2338

  2. RBI fined the bank ₹63.60 lakh

    RBI's reason: “for non-compliance with the provisions of Section 26A of the Banking Regulation Act, 1949 (BR Act) and certain directions issued by RBI on ‘Credit Flow to Agriculture - Collateral free Agricultural Loans’”

    What RBI found

    “The bank had not transferred eligible amounts to the Depositor Education and Awareness Fund within the prescribed period; and The bank had obtained collateral security for agricultural loans amounting upto ₹1.60 lakh in certain cases.”

    RBI says: “This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”

    RBI press release 2025-2026/397

  3. RBI fined the bank ₹1,06,40,000

    RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Creation of a Central Repository of Large Common Exposures-Across Banks’ and ‘Know Your Customer (KYC)’”

    What RBI found

    “The bank failed to (i) ensure data accuracy and integrity in CRILC reporting and (ii) carry out risk categorisation of certain customers.”

    RBI says: “The action is based on deficiencies in statutory and regulatory compliance and is not intended to pronounce upon the validity of any transactions or agreement entered into by the bank with its customers.”

    RBI press release 2024-2025/884

This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.

Branches

9,444 branches in 574 districts

Most branches: Hyderabad 250, Mumbai 245, Delhi 240

From RBI's IFSC directory (updated 1 Nov 2026). Counts can include recently merged or closed branches; check the bank's branch locator before visiting.

Union Fixed Deposit rate changes

Changes to Union's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 18 Sept 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.

13 Nov 2026
▲ 17 raised+0.09 to +2.29 pp
  • 15 to 30 days · Above ₹100 crore to ₹500 crore · General4.00% → 6.29% 2.29 pp
  • 7 to 14 days · Above ₹500 crore · General4.00% → 6.05% 2.05 pp
  • 31 to 45 days · Above ₹100 crore to ₹500 crore · General4.50% → 6.30% 1.80 pp
Show all 17 changesShow fewer
  • 7 to 14 days · Above ₹100 crore to ₹500 crore · General4.00% → 5.60% 1.60 pp
  • 181 to less than 1 year · Above ₹25 crore to ₹50 crore · General5.75% → 7.15% 1.40 pp
  • 181 to less than 1 year · Above ₹50 crore to ₹100 crore · General5.75% → 7.15% 1.40 pp
  • 121 to 180 days · Above ₹100 crore to ₹500 crore · General6.00% → 7.26% 1.26 pp
  • 181 to less than 1 year · Above ₹100 crore to ₹500 crore · General5.90% → 7.15% 1.25 pp
  • 181 to less than 1 year · Above ₹500 crore · General5.90% → 7.15% 1.25 pp
  • 181 to less than 1 year · Above ₹25 crore to ₹50 crore · General7.11% → 7.38% 0.27 pp
  • 181 to less than 1 year · Above ₹50 crore to ₹100 crore · General7.11% → 7.38% 0.27 pp
  • 1 year · Above ₹100 crore to ₹500 crore · General7.40% → 7.56% 0.16 pp
  • 1 year · Above ₹500 crore · General7.40% → 7.56% 0.16 pp
  • above 1 year to 2 years · Above ₹100 crore to ₹500 crore · General7.40% → 7.56% 0.16 pp
  • above 1 year to 2 years · Above ₹500 crore · General7.40% → 7.56% 0.16 pp
  • 1 year · Above ₹25 crore to ₹50 crore · General7.31% → 7.40% 0.09 pp
  • 1 year · Above ₹50 crore to ₹100 crore · General7.31% → 7.40% 0.09 pp
Bank's rate page ↗
12 Nov 2026
▲ 8 raised+0.06 to +0.90 pp
  • above 1 year to 2 years · Above ₹100 crore to ₹500 crore · General6.50% → 7.40% 0.90 pp
  • above 1 year to 2 years · Above ₹500 crore · General6.50% → 7.40% 0.90 pp
  • 181 to less than 1 year · Above ₹100 crore to ₹500 crore · General7.11% → 7.39% 0.28 pp
Show all 8 changesShow fewer
  • 181 to less than 1 year · Above ₹500 crore · General7.11% → 7.39% 0.28 pp
  • 1 year · Above ₹100 crore to ₹500 crore · General7.25% → 7.40% 0.15 pp
  • 1 year · Above ₹500 crore · General7.25% → 7.40% 0.15 pp
  • 1 year · Above ₹25 crore to ₹50 crore · General7.25% → 7.31% 0.06 pp
  • 1 year · Above ₹50 crore to ₹100 crore · General7.25% → 7.31% 0.06 pp
Bank's rate page ↗
10 Nov 2026
▲ 8 raised+0.03 to +0.20 pp
  • 1 year · Above ₹25 crore to ₹50 crore · General7.00% → 7.20% 0.20 pp
  • 1 year · Above ₹50 crore to ₹100 crore · General7.10% → 7.20% 0.10 pp
  • 1 year · Above ₹25 crore to ₹50 crore · General7.19% → 7.25% 0.06 pp
Show all 8 changesShow fewer
  • 1 year · Above ₹50 crore to ₹100 crore · General7.19% → 7.25% 0.06 pp
  • 1 year · Above ₹100 crore to ₹500 crore · General7.20% → 7.25% 0.05 pp
  • 1 year · Above ₹500 crore · General7.20% → 7.25% 0.05 pp
  • 1 year · Above ₹100 crore to ₹500 crore · General7.17% → 7.20% 0.03 pp
  • 1 year · Above ₹500 crore · General7.17% → 7.20% 0.03 pp
Bank's rate page ↗

Showing the latest 33 of 138 recorded changes.

See all Union rate changes →

Compare Union with other banks

See Union FD rates side by side against India's top banks.

Union vs SBIUnion vs PNBUnion vs BoBUnion vs CanaraUnion vs BOIUnion vs HDFCUnion vs ICICIUnion vs AxisUnion vs KotakUnion vs IndusIndUnion vs YesUnion vs IDFC FirstUnion vs FederalUnion vs BandhanUnion vs RBLUnion vs AUUnion vs EquitasUnion vs Ujjivan

Credit rating

What independent credit rating agencies say about Union Bank of India. Every rating links to the document it comes from, so you can check it yourself.

AAA
Headline rating
Basel III Tier II bonds · Brickwork, ICRA, CARE, CRISIL · Stable
Highest safety: lowest credit risk
Latest rating action: 17 Sept 2026
AgencyInstrument RatingOutlook PublishedSource
Brickwork Basel III Tier II bonds ₹1,000 cr AAA Stable Reaffirmed
17 Sept 2026
 Exchange filing
ICRA Basel III Tier II bonds ₹5,200 cr AAA Stable Reaffirmed
26 Mar 2026
 Agency rationale
CARE Basel III Tier II bonds ₹2,200 cr AAA Stable Reaffirmed
13 Mar 2026
 Exchange filing
CRISIL Basel III Tier II bonds AAA Stable Reaffirmed
11 Dec 2025
 Exchange filing
ICRA Infrastructure / long-term bonds ₹10,000 cr AAA Stable Reaffirmed
26 Mar 2026
 Agency rationale
CARE Infrastructure / long-term bonds ₹10,000 cr AAA Stable Assigned
13 Mar 2026
 Exchange filing
ICRA Certificates of deposit (short-term) ₹45,000 cr A1+ – Reaffirmed
26 Mar 2026
 Agency rationale
CARE Basel III Tier I (AT1) bonds AA+ Stable Reaffirmed
13 Mar 2026
 Exchange filing
CRISIL Basel III Tier I (AT1) bonds AA+ Stable Reaffirmed
11 Dec 2025
 Exchange filing
How to read these ratings
  • Scale: AAA is the highest long-term grade (lowest credit risk), then AA (very low risk), A (low risk) and BBB (moderate risk, the lowest investment grade). A + or − moves a grade up or down a notch. Short-term ratings such as A1+ cover obligations of up to a year.
  • Outlook: Stable, Positive or Negative is the agency's view of where the rating is likely to go over the next one to two years. Rating watch means the agency is reviewing the rating after a specific event, such as a change of owner.
  • Instrument: a rating belongs to a specific instrument, not to the whole bank. Tier I (AT1) and Tier II bonds can be written down if the RBI declares a bank non-viable, so they are usually rated no higher than the bank's deposits.
  • Headline grade: we use the rating on fixed deposits where an agency gives one; otherwise the issuer or Tier II rating. We take each agency's latest rating and show the lowest, so the headline is never more generous than any agency's latest view.
  • A rating is an opinion about the ability to repay on time. It is not a guarantee or a recommendation. Whatever the rating, deposits in a bank are insured by DICGC up to ₹5 lakh per depositor per bank (principal and interest together).

Sources: we list a rating only when we can point to the document that states it: the agency's own rating rationale, the bank's Regulation 30 filing on the NSE or BSE, a rating letter, or the bank's own rating page. A weekly automated check re-opens each linked document to confirm it still shows the grade and scans stock-exchange announcements for new rating filings. Last checked: 9 Nov 2026.

Check it yourself: CRISIL · ICRA · CARE · India Ratings · Infomerics

Ratings change. Confirm the current rating with the agency before you invest. This is information, not investment advice.

Good to know

  • Deposits with Union Bank of India are insured by DICGC up to ₹5,00,000 per depositor per bank (principal and interest combined, across all its branches). Anything above that is not insured.
  • Union is a public sector bank, majority owned by the Government of India. Deposit insurance is still the DICGC cover above.
  • Senior citizens (60+) earn up to 0.50% p.a. more than general customers at Union, depending on the tenure.
  • Union's FD table includes 7 special schemes; check eligibility and end dates.
official Effective unavailable · Ingested 3 Oct 2026 · Verified 13 Nov 2026 · View source

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.