Union Bank NRE / NRO/ NRI/ FCNR FD Rates
Union Bank offers NRE, NRO and FCNR fixed deposit schemes with attractive interest rates. Union Bank does not levy any penalty for premature withdrawals for NRO fixed deposits.
Interest will be paid for the period for which the deposit has remained with the bank. No interest is payable if deposit is withdrawn before the completion of one year.
Union Bank of India NRE FD Rates for Less Than Rs.3 Crore
Tenure | Interest Rates (p.a.) |
1 year | 6.75% |
Above 1 year to 398 Days | 6.75% |
399 Days | 6.75% |
400 Days | 6.90% |
401 Days to 455 Days | 6.60% |
456 Days | 7.15% |
457 Days to 2 years | 6.60% |
Above 2 years to 997 Days | 6.60% |
997 Days | 6.40% |
Above 998 days to less than 3 years | 6.60% |
3 years | 6.70% |
Above 3 years to 5 years | 6.50% |
Above 5 Years to 10 Years | 6.50% |
Note: The interest rate mentioned in the table is effective from 25 April 2025.
Union Bank NRO Fixed Deposit Rates
Tenure | General Public FD interest rate (per annum) |
7 days to 14 days | 3.50% |
15 days to 30 days | 3.50% |
31 days to 45 days | 3.50% |
46 days to 90 days | 4.50% |
91 days to 120 days | 4.80% |
121 days to 180 days | 5.00% |
181 days to less than 1 year | 6.25% |
1 year | 6.75% |
Above1 year to 398 Days | 6.75% |
399 Days | 6.75% |
400 Days | 6.90 |
401 Days to 455 Days | 6.60% |
456 Days | 7.15% |
457 Days to 2 years | 6.60% |
> 2 years to less than 996 days | 6.60% |
997 Days | 6.40% |
Above 998 days to less than 3 years | 6.60% |
3 years | 6.70% |
> 3 Year to 5 years | 6.50% |
>5 Years to 10 Years | 6.50% |
Note: The interest rate mentioned in the table is effective from 25 April 2025.
Union Bank FCNR (B) FD Rates
Tenure | CAD | JPY | USD | GBP | EUR |
1 year to less than 2 years | 4.25 | 0.20 | 5.35 | 4.85 | 3.00 |
2 years to less than 3 years | 3.61 | 0.01 | 4.30 | 3.00 | 2.05 |
3 years to less than 4 years | 3.31 | 0.01 | 4.05 | 2.50 | 1.55 |
4 years to less than 5 years | 3.26 | 0.01 | 3.80 | 2.50 | 1.55 |
5 years | 3.26 | 0.01 | 3.80 | 2.50 | 1.55 |
Note: The interest rate mentioned in the table is effective from 25 October 2024.
FAQs on Union Bank NRI Fixed Deposits
- What is the tenure of the NRE FD scheme offered by the Union Bank of India?
The tenure of the NRE FD scheme offered by the Union Bank of India ranges between 1 year and 10 years.
- Can joint accounts be opened under the NRE FD scheme offered by the Union Bank of India?
Yes, joint accounts can be opened under the NRE FD scheme offered by the Union Bank of India.
- Can nominees be added under the NRE FD scheme offered by the Union Bank of India?
Yes, nominees can be added under the NRE FD scheme offered by the Union Bank of India.
- Is TDS applicable on the NRE FD scheme offered by the Union Bank of India?
No, TDS is not applicable NRE FD scheme offered by the Union Bank of India.
- Are senior citizens offered an additional interest rate on the NRE FD scheme?
No, senior citizens are not offered an additional interest rate on the NRE FD scheme.
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