United Bank of India is an Indian government-owned financial services company headquartered in Kolkata, India.

As you asking I am telling United Bank Of India Flexi Deposit Scheme is one kind of Recurring Deposit with the flexibility of monthly installment. Interest earned under this scheme is not applicable to TDS.

Eligibility :

Account may be opened in the name of individuals, singly or jointly.

Rate of Installment :

Core monthly installment : Rs.50/- or in multiple thereof.

Depositor has to deposit core deposit compulsorily but has the option to deposit more than the core amount.

in any particular month, monthly installment will not exceed ten times of the core amount.


Period of Deposit :

For any period between 3 years and 10 years in multiple of complete quarter.

Bank profile
Type Public
Traded as NSE: UNITEDBNK
BSE: 533171
Industry Banking
Financial services
Founded 1950; 67 years ago
Headquarters Kolkata, India
Key people Pawan kumar Bajaj (MD & CEO), Shri K. V. Rama Moorthy (ED), Shri Ashok Kumar Pradhan (ED)
Products Finance and Insurance
Consumer Banking
Corporate Banking
Investment Banking
Investment Management
Private Equity
Mortgages
Revenue 9,936.67 crore (US$1.5 billion) (2016)
Operating income 2,428 crore (US$380 million) (2015)
Net income -281.96 crore (US$−44 million) (2016)
Total assets 123,027.57 crore (US$19 billion) (2015)
Owner Government of India
Number of employees 15,192 (2015)
Capital ratio 10.08% (2016)