• United Bank of India FD Rates 2022

    United Bank of India is a private bank in India which was founded in 1950. The bank recently merged with Punjab National Bank. United Bank of India offers numerous financial services with fixed deposit schemes being one such service.

    Features of United Bank of India Fixed Deposit Schemes

    The various features of United Bank of India fixed deposit schemes are mentioned below:

    Account type Single or joint
    Tenure

    Minimum: 7 days

    Maximum: 10 years

    Withdrawal Available with penalty
    Nomination Available
    Overdraft facility Available

    United Bank of India Interest Rates for Domestic Term Deposits Less than Rs.2 Crore

    The rate of interests for United Bank of India domestic term deposits less than Rs.2 crore are:

    Tenure Rate of Interest for General Public (p.a.) Rate of Interest for Senior Citizens (p.a.)
    7 days to 45 days 2.90% 3.40%
    46 days to 90 days 3.25% 3.75%
    9 days to 179 days 3.80% 4.30%
    180 days to less than a year 4.40% 4.90%
    1 year to up to 2 years 5.00% 5.50%
    2 years to up to 3 years 5.10% 5.60%
    3 years to up to 10 years 5.25% 5.75%

    Note: The interest rates are effective from 1 August 2021 and can be changed as per the bank’s rules and regulations.

    United Bank of India Interest Rates for Domestic Term Deposits Above Rs.2 Crore to Rs.10 Crore

    The interest rate for United Bank of India domestic term deposits above Rs.2 crore to Rs.10 crore are given below:

    Tenure Rate of Interest (p.a.)
    7 days to 45 days 2.90%
    46 days to less than a year 3.00%
    1 year to up tp 10 years 3.50%

    Note: These interest rates are applicable since 1 August 2021 and can be changed as per the bank’s rules and regulations.

    United Bank of India Interest Rates for NRO Deposits Less than Rs.2 Crore

    The interest rates for United Bank of India NRO deposits less than Rs.2 crore are given below:

    Tenure Rate of Interest for General Public (p.a.)
    7 days to 45 days 2.90%
    46 days to 90 days 3.25%
    9 days to 179 days 3.80%
    180 days to less than a year 4.40%
    1 year to up to 2 years 5.00%
    2 years to up to 3 years 5.10%
    3 years to up to 10 years 5.25%

    Note: These interest rates are effective since 1 August 2021 and can be changed as per the bank’s rules and regulations.

    United Bank of India Interest Rates for NRO Deposits Above Rs.2 Crore to Rs.10 Crore

    The interest rate for United Bank of India NRO deposits above Rs.2 crore to Rs.10 crore are given below:

    Tenure Rate of Interest (p.a.)
    7 days to 45 days 2.90%
    46 days to less than a year 3.00%
    1 year to up tp 10 years 3.50%

    Note: These interest rates are effective since 1 August 2021 and can be changed as per the bank’s rules and regulations.

    United Bank of India Interest Rates for NRE Deposits Less than Rs.2 Crore

    The interest rate for United Bank of India NRE deposits less than Rs.2 crore are given below:

    Tenure Rate of Interest (p.a.)
    1 year to up to 2 years 5.00%
    2 years to up to 3 years 5.10%
    3 years to up to 10 years 5.25%

    Note: These interest rates are effective since 1 August 2021 and can be changed as per the bank’s rules and regulations.

    United Bank of India Interest Rates for NRE Deposits Above Rs.2 Crore to Rs.10 Crore

    The interest rate for United Bank of India NRE deposits above Rs.2 crore to Rs.10 crore are given below:

    Tenure Rate of Interest (p.a.)
    1 year to up to 10 years 3.50%

    Note: These interest rates are effective since 1 August 2021 and can be changed as per the bank’s rules and regulations.

    Eligibility Criteria for United Bank of India Fixed Deposit Schemes

    The eligibility criteria to open a fixed deposit account with United Bank of India are:

    • Indian resident over the age of 18
    • Partnership firms/ Educational institutes/ Government bodies
    • Hindu undivided family
    • Charitable trusts

    Documents Required for United Bank of India Fixed Deposit Schemes

    The documents that are required to open an account under United Bank of India fixed deposit schemes are:

    • Duly filled application form
    • Passport-sized photographs
    • ID proof
    • Address proof
    • Age proof (applicable to senior citizens)
    • Details of the bank account to be linked with FD

    FAQs on United Bank of India Interest Rates

    1. What is the highest and lowest rate of interest of United Bank of India FD schemes?

      The highest rate of interest of United Bank of India FD schemes are 5.25% and the lowest rate of interest of the Bank’s FD schemes are 2.90%.

    2. Is there any special rate offered to senior citizens who open an account under United Bank of India FD schemes?

      Yes, senior citizens opening an account under United Bank of India FD schemes will get 0.50% additional discount.

    3. Can a customer open an FD account online with United Bank of India?

      No, a customer cannot open an FD account online with United Bank of India. To open an account, one should visit the nearest branch of the Bank, where a representative will guide them through the process of opening an account.

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    United Bank of India Fixed Deposit Reviews

    • United Bank
      "Its a fine process"
      0.5 4.0/5 "Great!"
      In the recent past, I had opened my FD with UNITED INDIA.. This UNITED INDIA is a very good bank. This was opened by my Father and I am continuing with this FD. This is basically a long term deposit and I am not getting any no tax benefit too. But to conclude it is much better than other banks.
      Was this review helpful? 5
      , asansol
      Reviewed on Nov 04, 2016
    • United Bank
      United Bank
      "Good!!"
      0.5 3.0/5 "Satisfactory"
      The fixed deposit from the United bank of India is not good. The executive of the banks are very lazy and they have no much idea about the the banking and also what are the interest rates if I make a fixed deposit for 5 years. The executive are not interested for the customers and they donâ??t give proper attention to the customers.
      Was this review helpful? 15
      , guwahati
      Reviewed on Aug 06, 2015
    • United Bank
      "Average!!"
      0.5 4.0/5 "Great!"
      The Fixed deposit account from the United Bank of India is good. The rate of interest offered is 8% for the deposit. The services are not upto the mark as it is a public sector bank. The response is good if we approach the bank directly for any issues.
      Was this review helpful? 8
      , bangalore
      Reviewed on Jul 29, 2015
    • United Bank
      "Really Average"
      0.5 3.0/5 "Satisfactory"
      I have fixed deposit with the United Bank of India.The rate of interest was around 7.5% for the 2 years of time.The interest will not be compounded and it will stay long till the maturity period.The service is really okay kind of service.Online tracking is worst like anything.The servers are slow and its not at all user friendly.
      Was this review helpful? 6
      , kolkata
      Reviewed on Jul 01, 2015
    • United Bank
      "Good"
      0.5 5.0/5 "Blown Away!"
      The Fixed deposit from United Bank of India is good. The service offered by this bank is good and they respond to all my queries whenever I approach the bank. The agent had come home and he explained about the fixed deposit plan and that is the reason I had taken. I get interest for the deposit for every year and so far no issues.
      Was this review helpful? 4
      , kolkata
      Reviewed on Jun 19, 2015
    • United Bank
      "Review on Fixed deposit"
      0.5 3.5/5 "Pretty good"
      I think United Bank of India is providing same interest rate for Fixed deposit which other banks are offering and it is around 8.5%. For liquidation of amount they are taking 3 days so it should be reduced. Internet banking is not much efficient and not user friendly so I opened FD by visiting the branch
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Mar 23, 2015
    • United Bank
      "Excellent..."
      0.5 4.0/5 "Great!"
      I think United Bank of India is providing same interest rate for Fixed deposit which other banks are offering and it is around 8.5%. For liquidation of amount they are taking 3 days so it should be reduced. Internet banking is not much efficient and not user friendly so I opened FD by visiting the branch.
      Was this review helpful? 7
      , kolkata
      Reviewed on Mar 13, 2015
    • United Bank
      "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? 8
      , bangalore
      Reviewed on Feb 24, 2015
    • United Bank
      "Good!!!"
      0.5 5.0/5 "Blown Away!"
      United Bank of India is good in mobile and Internet banking. For Fixed Deposit the rate of interest is valuable as it is 8.5%. Rate of interest is keep changing so it might be 8.5% but not sure about current status. Rather than going with private sector banks for deposti I thought nationalized bank to be best thus I opened United Bank of India for FD.
      Was this review helpful? 6
      , guwahati
      Reviewed on Jan 05, 2015
    • United Bank
      "Good but not Best "
      0.5 4.0/5 "Great!"
      The fixed deposit with United Bank of India is really good. The lockin period was 5 years and the rate of interest they provided was approximately around 8 to 9%. I have invested around an amount of Rs.150000 where they informed thatduring the time of maturity the amount would be approximately Rs.194875. The interest is getting credited one year once to my savings account directly. There are no pre-closure charges as well.
      Was this review helpful? 2
      , kolkata
      Reviewed on Dec 07, 2014
    • United Bank
      "Valuing the customers would be nice"
      0.5 3.0/5 "Satisfactory"
      They were offering 8.54%-8.75% interest rate for fixed deposit with United bank of India.There is no customer care, just I have to approach the branch. Branch services are good and they are normal, not much valuing the customers. At last, happy with the returns.
      Was this review helpful? 12
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