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  • Fixed Deposit BYTES FROM OUR KITCHEN

    Union Bank NRE / NRO / NRI / FCNR FD Rates

    Founded in November 1919 and headquartered in Mumbai, Union Bank currently has over 4200 branches in India. As on March 2015, Union Bank touched a business level of Rs. 5,79,627 crore. Union Bank has invested heavily in the upgradation of technology to provide better products and services.

    Union Bank Fixed Deposit for NRIs

    Union Bank offers NRE, NRO and FCNR fixed deposit schemes. 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 No interest is payable if deposit is withdrawn before the completion of one year.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 NRO FD rates

    Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)

    12 months

    6.75%

    N/A

    Above 12 months to 36 months

    6.70%

    N/A

    Above 36 months to 60 months

    6.85%

    N/A

    Above 60 months to 120 months

    6.85%

    N/A

    *The Union Bank NRO Deposit rates are subject to change as per the discretion of the bank. The rates given in the table above is valid as of 27 November 2018.

    Union Bank NRE FD rates

    Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)

    15 days to 45 days

    5.00%

    N/A

    46 day to 3 months

    5.50%

    N/A

    Above 3 months to 6 months

    6.25%

    N/A

    6 months to 300 days

    6.50%

    N/A

    300 days to 1 year 2 months

    6.75%

    N/A

    Above 1 year 2 months to 36 months

    6.70%

    N/A

    Above 36 months to 120 months

    6.85%

    N/A

    *The Union Bank NRE FD rates are subject to change as per the discretion of the bank. The rates given in the table above is valid as of 27 November 2018.

    Union Bank FCNR (B) FD rates

    Tenure
    FCNR (B) FD rates (per annum)
    EUR CAD USD AUD JPY GBP

    12 months to 24 months

    0.54%

    3.30%

    3.63%

    2.70%

    0.79%

    1.68%

    24 months to 36 months

    0.64%

    3.45%

    3.80%

    2.78%

    0.82%

    1.87%

    36 months to 48 months

    0.79%

    3.51%

    3.83%

    2.86%

    0.84%

    1.97%

    48 months to 60 months

    0.95%

    3.54%

    3.86%

    3.12%

    0.86%

    2.05%

    60 months

    1.00%

    3.46%

    3.77%

    3.12%

    0.79%

    2.01%

    *The Union Bank FCNR (B) FD rates are subject to change as per the discretion of the bank. The rates given in the table above is valid as of 27 November 2018.

    Highest Union Bank FCNR (B) Deposit rates

    • The highest NRE Fixed Deposit rate is 6.75% p.a. for a tenure between 300 days and 14 months.
    • One can FD rate of up to 6.85% p.a. on NRO Deposits.

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    Union Bank NRI FD Rates Reviews

    • Union Bank of India Fixed Deposit
      "Good Savings"
      0.5 4.0/5 "Great!"
      I done one time investment of fixed deposit with Union Bank of India. As per the current financial year the FD interest gone down around 6.75% for per annum. I opened the account through bank, they taken 3 to 4 for activation. The customer support is good I don' t have any issues.
      Was this review helpful? 7
      , mumbai
      Reviewed on Feb 26, 2019
    • Union Bank of India
      Union Bank of India Fixed Deposit
      "Highly poor net banking services"
      0.5 0.5/5 "Unacceptable"
      Even if a customer dies at hospital, he has to visit the branch to get the FD money from bank account. This is my personal experience. I am trying to get my FD money to my account thru net banking, but customer service is advising me to visit branch first.
      Was this review helpful? 17
      , noida
      Reviewed on Jul 06, 2018
    • Union Bank of India Fixed Deposit
      "Customer relation"
      0.5 5.0/5 "Blown Away!"
      UNION Bank always make the customer feel valued as they provide very good customer service. I had taken this FD at SRINAGAR GUNTUR because it is near to my location. This was offered to me at the time when I visited the branch for some other purpose. Where as other banks does not have offer such offer when I visit their branch.
      Was this review helpful? 19
      , guntur
      Reviewed on Sep 19, 2016
    • Union Bank of India Fixed Deposit
      "Highly recommendable for preferential rate"
      0.5 5.0/5 "Blown Away!"
      I booked a fixed deposit for 6 months tenure with Union Bank of India as I work with them. Its a very good option to take a deposit since they provide much better rates than most other banks. They provide a rate of interest of 7.65% currently for which we get 8.65% being staff. Its always a good bank to hold a deposit scheme since its a public sector bank and it offers good rates.
      Was this review helpful? 11
      , kolkata
      Reviewed on May 23, 2016
    • Union Bank of India Fixed Deposit
      "Competitive rates"
      0.5 5.0/5 "Blown Away!"
      I have taken a fixed deposit scheme of 5 years with Union Bank of India. Being staff we are offered 1% extra than the rate of interest as per the banking guidelines. The current rate is about 7.65% which translates into 8.65% for us staff. The process and the rates are quite lesser than most banks and the extra interest adds to the benefit.
      Was this review helpful? 15
      , kolkata
      Reviewed on May 23, 2016
    • Union Bank of India Fixed Deposit
      "Highly recommendable "
      0.5 5.0/5 "Blown Away!"
      Being a staff of Union Bank of India, I prefer to have my fixed deposit with them. This is also backed by the fact that they provide very competitive rates for the fixed deposit schemes than most other banks. Its easy to book the deposit and since I am staff I get an extra 1% on the interest rate. I hold a deposit scheme of 10 years. I would recommend them to anyone for their rates.
      Was this review helpful? 11
      , kolkata
      Reviewed on May 23, 2016
    • Union Bank of India Fixed Deposit
      "Moderate..."
      0.5 3.0/5 "Satisfactory"
      Service is average however satisfactory. Interest rate is also average. I have good relationship with Union Bank of India and I went with them for this fixed deposit. There is no restrictions or charges if I go and close the deposit in midst of the tenure.
      Was this review helpful? 18
      , new delhi
      Reviewed on Jan 22, 2016
    • Union Bank of India Fixed Deposit
      "Good rate for fixed deposit "
      0.5 5.0/5 "Blown Away!"
      Union bank of India is good. Compared to other banks interest rate for fixed deposit plan is high. Maximum 9% rate is given for the tenure of one year. Minimum lock in period is for seven days. In case we withdraw the amount in between the period they will reduce 1% interest rate. Through online we can do the payment.
      Was this review helpful? 15
      , bhopal
      Reviewed on Nov 13, 2015
    • Union Bank of India Fixed Deposit
      "Very good"
      0.5 5.0/5 "Blown Away!"
      Union bank of INDIA Fixed deposit is very good. The reason why I have opted for it is because Interest rate offered by them was very low when it comes to FD. This FD was opened at my home town and its next to my place. I have no idea about tax benefit.
      Was this review helpful? 6
      , chennai
      Reviewed on Nov 11, 2015
    • Union Bank of India Fixed Deposit
      "It was very good"
      0.5 5.0/5 "Blown Away!"
      Union bank of India FD is good. It was a Government bank and they will provide FD based no my savings account. However I have to hold a savings account with them only then they can provide FD otherwise not. Interest rate offered by them is the best in the market. I have opened FD twice once through the branch and the other one through online and its trustworthy,
      Was this review helpful? 8
      , noida
      Reviewed on Aug 25, 2015
    • Union Bank of India Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      For Fixed deposit the interest rate offered by Union bank of India is 9.5% and took the tenure of 7 years. There is no minimum lock in period we can avail it as our wish.In case if we break the FD lock in period in between there is no penalty charges were as they will give the pay the current interest rate on the withdrawal amount.
      Was this review helpful? 25
      , kolkata
      Reviewed on Jun 16, 2015
    • Union Bank of India Fixed Deposit
      "Good"
      0.5 4.0/5 "Great!"
      Union bank of India offers the fixed deposit plan for the interest rate of 8% with the minimum locking period of 1 year. I took the plan for the tenure of 5 years.In between the tenure we cant break the FD. After completed the tenure period the amount will be credited to the account automatically
      Was this review helpful? 12
      , rewa
      Reviewed on Jun 12, 2015
    • Union Bank of India Fixed Deposit
      "Fixed Deposit"
      0.5 5.0/5 "Blown Away!"
      i have recently opened a saving bank account with Union Bank of India. They are providing normal rate of interest on fixed deposits but the services and customer support which they are providing is surely above average level. Both, their tele-support as well as bank staff are very cooperative, which is very helpful to new customers.
      Was this review helpful? 15
      , mumbai
      Reviewed on May 11, 2015
    • Union Bank of India Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am holding a UBI Fixed deposit they are providing very good interest rate on RD and FD that is the most notable feature of UBI. They provide proper response to the customer query. The interest rate offered by them is much better when compared with others. I have forgotten my id and password its been quite some time since I logged in.
      Was this review helpful? 11
      , new delhi
      Reviewed on Mar 31, 2015
    • Union Bank of India Fixed Deposit
      "Its fine"
      0.5 3.0/5 "Satisfactory"
      I have been holding this United Bank of India fixed deposit account since 2006.I have planned to switch over to another plan as there was no or little support from them. I have personally visited the Branch for taking this deposit. The interest rate offered by them was 9% which is for a period of 8 to 9 years which is not good. The reason why I have chosen this bank is because its easy for me to transfer funds from my savings account to this FD.
      Was this review helpful? 19
      , bangalore
      Reviewed on Feb 24, 2015
    • Union Bank of India Fixed Deposit
      "Good "
      0.5 4.0/5 "Great!"
      I am holding a UBI Fixed deposit . The rate of interest offered by them is quite similar to others. It is very safe and secured so I love to deposit in a Nationalized Bank. Customer service offered by them is no up to the mark. There are no charges for preclosure.
      Was this review helpful? 14
      , kolkata
      Reviewed on Feb 10, 2015
    • Union Bank of India Fixed Deposit
      "UNION BANK is UNIque and ON bank."
      0.5 4.5/5 "Excellent!"
      union bank of India provides good rate of interest on fixed deposit. bank also provides e-lobby facility in some of major branches. bank also provides mobile banking facility. this bank truly deserves in best customer service. the maturity procedure is very ease and convinient.
      Was this review helpful? 13
      , mumbai
      Reviewed on Dec 13, 2014
    • Union Bank of India Fixed Deposit
      "Superb Services"
      0.5 5.0/5 "Blown Away!"
      The fixed deposit I have with Union Bank of India is really good as I availed it on the base of my account I have with them since 1989. I am having this for the past 3 months now. The customer support is really helpful. I invested around Rs.100000 for a lockin period of 1 year. The interest rate they provided is 8% which is beneficial.
      Was this review helpful? 6
      , chandigarh
      Reviewed on Dec 09, 2014
    • Union Bank of India Fixed Deposit
      "Best Investment"
      0.5 5.0/5 "Blown Away!"
      I am near about to get maturity amount as I opened Fixed Deposit for long term of 7 years. According to me Fixed deposit is one of the best investment plan to save money, where amount would get doubled during maturity. Union Bank of India is offering good benefits for their FD customers like insurance, vehicle loan and so on. Around 9.8% is the interest rate on FD which would accumulate in yearly basis.
      Was this review helpful? 6
      , mumbai
      Reviewed on Dec 05, 2014
    • Union Bank of India Fixed Deposit
      "Better rate of Interest rate"
      0.5 5.0/5 "Blown Away!"
      The special features in Union Bank of India for Fixed deposit is that Rate of interest because the rate of interest was high when I opened Fixed deposit and I think still they are offering high rate. I had compared the rate with other banks but Union Bank of India is the one who gives highest rate to customers. My father is handling the account so I am not sure about most of the details but I am glad about Union Bank of India. Actually processing time is lengthy so they should decrease the processing time.
      Was this review helpful? 8
      , pune
      Reviewed on Nov 13, 2014
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