Ujjivan vs Union FD Rates October 2026

Ujjivan offers up to 7.80% 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 Ujjivan 7.25% vs 6.20%
Savings account Union
Tenure Ujjivan Union
GeneralSenior GeneralSenior
6 months 5.50% 6.00% 5.40% 5.90%
1 year 7.25% 7.75% 6.20% 6.70%
2 years 7.55% 8.05% 6.15% 6.65%
3 years 7.25% 7.75% 6.10% 6.60%
5 years 7.20% 7.70% 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

Ujjivan
—
vs
Union
2.50% p.a.

Which bank should you choose?

Ujjivan is a small finance bank that typically posts higher FD rates to attract retail deposits. Union is a public sector bank with a broader product range and wider branch reach. On current data, Ujjivan leads on headline FD rates by 1.00 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

Ujjivan Small Finance Bank

Type
Small Finance Bank
HQ
Bengaluru
Est.
2017
Best FD rate
7.80% p.a.
DICGC insured
Yes (up to ₹5 lakh)
Full profile
Ujjivan 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 — Ujjivan Small Finance Bank or Union Bank of India?

Ujjivan Small Finance Bank currently offers a higher maximum FD rate of 7.80% p.a., compared to 6.80% p.a. from Union Bank of India (as of 1 Oct 2026).

What is Ujjivan Small Finance Bank's current 1-year FD interest rate?

Ujjivan Small Finance Bank offers 7.25% p.a. for general depositors on 1-year FDs, and 7.75% p.a. for senior citizens (as of 1 Oct 2026). Confirm the current rate on Ujjivan Small Finance 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 Ujjivan Small Finance Bank and Union Bank of India safe?

Yes. Both Ujjivan Small Finance 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 Ujjivan Small Finance 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. Ujjivan Small Finance Bank's 1-year senior rate: 7.75% p.a. Union Bank of India's 1-year senior rate: 6.70% p.a.

What is the highest FD rate available between Ujjivan Small Finance Bank and Union Bank of India?

The highest rate between the two is 7.80% p.a. from Ujjivan Small Finance Bank for the 3 Year 1 Day – 3 year 6 months tenure (general public, retail deposits below ₹3 crore, as of 1 Oct 2026).