Bandhan vs Union FD Rates October 2026

Bandhan offers up to 7.45% p.a. · Union up to 6.80% p.a. · Side-by-side across all tenures, general & senior citizen rates.

FD Rate Comparison — All Tenures

Highlighted cells show the higher rate for each tenure. Dataset refreshed 1 Oct 2026.

1-year FD winner Bandhan 7.00% vs 6.20%
Savings account Union
Tenure Bandhan Union
GeneralSenior GeneralSenior
6 months 4.20% 4.95% 5.40% 5.90%
1 year 7.00% 7.50% 6.20% 6.70%
2 years 7.45% 7.95% 6.15% 6.65%
3 years 7.25% 7.75% 6.10% 6.60%
5 years 5.85% 6.60% 6.00% 6.50%

Rates for retail deposits below ₹3 crore. Senior citizen rate typically +0.25–0.50% p.a. Green cells show the higher general rate for each tenure. Calculate your maturity amount →

Savings Account Rates

Bandhan
—
vs
Union
2.50% p.a.

Which bank should you choose?

Bandhan is a private sector bank; Union is a public sector bank. Both are RBI-regulated with DICGC deposit insurance up to ₹5 lakh. On current data, Bandhan leads on headline FD rates by 0.65 percentage points — a meaningful difference for larger deposit amounts or longer tenures. Always verify the exact rate on the bank's official website before committing.

This is informational only — always verify the current rate on the bank's official website and consult a financial adviser for personalised guidance.

About These Banks

Bandhan Bank

Type
Private Sector Bank
HQ
Kolkata
Est.
2015
Best FD rate
7.45% p.a.
DICGC insured
Yes (up to ₹5 lakh)
Full profile
Bandhan deposit rates →

Union Bank of India

Type
Public Sector Bank
HQ
Mumbai
Est.
1919
Best FD rate
6.80% p.a.
DICGC insured
Yes (up to ₹5 lakh)
Full profile
Union deposit rates →

Frequently Asked Questions

Which bank gives a higher FD interest rate — Bandhan Bank or Union Bank of India?

Bandhan Bank currently offers a higher maximum FD rate of 7.45% p.a., compared to 6.80% p.a. from Union Bank of India (as of 1 Oct 2026).

What is Bandhan Bank's current 1-year FD interest rate?

Bandhan Bank offers 7.00% p.a. for general depositors on 1-year FDs, and 7.50% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on Bandhan Bank's official website before investing.

What is Union Bank of India's current 1-year FD interest rate?

Union Bank of India offers 6.20% p.a. for general depositors on 1-year FDs, and 6.70% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on Union Bank of India's official website before investing.

Are fixed deposits with Bandhan Bank and Union Bank of India safe?

Yes. Both Bandhan Bank and Union Bank of India are regulated by the Reserve Bank of India (RBI). Deposits at both banks are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to ₹5,00,000 per depositor per bank, covering principal and interest combined. Amounts above ₹5 lakh are not covered by deposit insurance.

Do Bandhan Bank and Union Bank of India offer higher FD rates for senior citizens?

Yes, both banks offer additional interest for senior citizens (aged 60 and above), typically 0.25%–0.50% p.a. above the general rate. Bandhan Bank's 1-year senior rate: 7.50% p.a. Union Bank of India's 1-year senior rate: 6.70% p.a.

What is the highest FD rate available between Bandhan Bank and Union Bank of India?

The highest rate between the two is 7.45% p.a. from Bandhan Bank for the 2 years to less than 3 years tenure (general public, retail deposits below ₹3 crore, as of 1 Oct 2026).