Hi I would like to have the details of the Fixed Deposits scheme which is offered by the Union Bank of India including interest rates?

Any Resident Individual - Single Accounts, Two or more people in Joint Accounts, Illiterate Persons, Blind persons, Purdanasheen Ladies, Minors, Associations, Clubs, Societies, and so forth. Trusts, Institutions/Agencies particularly allowed by the RBI qualified to open a ""Fixed Deposit Receipt" Account" in single/joint name/s.

Least sum:-

Rs.10,000/ - for FDR in Metro and Urban Branches and Rs.5,000/ - in Rural and Semi urban branches, and for senior nationals the base sum will be Rs. 5000/ -

Least Amount criteria won't be appropriate to Subsidy kept under GOVT Sponsored Schemes, Margin Money, sincere cash and court appended/requested stores

Installment of Interest: (Subject to pertinent TDS)

Interest will be paid on quarterly premise and on the off chance that the date of interest installment falls on siestas then on the following working day

Installment and Renewal of Deposits Before Maturity

Investors may ask for reimbursement of their stores before development. Reimbursement of term stores before development is admissible.

In the occasion of the FDR being shut before finishing the first term of the store, premium will be paid at the rate pertinent on the date of store, for the period for which the store has stayed with the Bank, the contracted rate whichever is lower without charging any punishment for untimely conclusion. No premium will be paid on term store which stay with the bank for under 7 days. In the event that the contributor yearnings to recharge the store by looking for untimely reestablishment, the store is restored for a period longer than the parity time of the first store.

Procurement for designation.:- Nomination offices are accessible

Rate of Interest :- Rate of premium contrasts from relying on residency of the stores and as and when the Bank changes the Rate.

Senior subjects are offered extra enthusiasm of 0.50 % for stores put for 1 year or more period.

Rates of Interest