How to Close Union Bank Fixed Deposit (FD)
Union Bank provides a wide range of fixed deposit (FD) schemes. These FDs offer high-interest rates. Union Bank is a reliable bank in India and the fixed deposits come with benefits like higher returns, flexible tenure, lower minimum deposit limit, and also loan against FD.
If you are looking to close your Union Bank FD, here is a guide to help you do so.
Closing a Union Bank FD Account
- Step 1: Go to the Union bank's website
- Step 2: Click on 'General Services'
- Step 3: Select 'Services'
- Step 4: Click on 'FD Closure Requests'
- Step 5: Your FD will be closed on the working day
FAQs on Closing a Union Bank FD
- What is the tenure of an FD with Union Bank?
You can open a Union Bank fixed deposit from a maturity period from 7 days to 10 years.
- Can I get credit cards against my FD?
Yes, you can avail a credit card from Union Bank against your FD.
- Which documents will I have to submit for getting tax discounts on my FD earnings?
You are eligible for TDS rebate on your investment when you submit Form 15G or Form 15H (senior citizens).
- Is there a nomination facility on a fixed deposit with Union Bank?
Yes, you can nominate your children, spouse, or other family members when you open a Union Bank FD.
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