Union Bank of India RD (Recurring Deposit) Rates 2026

The Recurring deposit (RD) scheme offered by the Union Bank of India is a convenient way of saving money while also earning interest on it.

A recurring deposit is an investment cum savings option for those who want to save regularly over a certain period of time and earn a higher interest rate. It is a type of term deposit which allows one to save a fixed amount of money every month systematically. If you are familiar with SIP in Mutual Funds, RD works similarly in banking. Every month, a fixed amount of money is deducted either from a savings or a current account. And, at the end of the maturity, investors are paid back their invested money with accrued interest.

A user willing to open an recurring deposit account with the Union Bank of India can choose any amount and term according to your convenience.

Union Bank of India RD Rates 2026

Here's the list of RD Interest Rates of Union Bank of India:

RD Schemes of Union Bank of India

Here are the two schemes of Union Bank of India.

Cumulative Deposit Scheme

This is the traditional RD scheme of UBI with attractive features. The monthly deposit amount of this scheme is as low as INR 50 with a deposit range of six months to 120 months. Additionally, the interim discontinuation of monthly investment can be converted to a fixed deposit with a valid reason. So, you can use it as a FD account for the rest of the term.

RD Scheme of Union Monthly Plus

The 'Union Monthly Plus' scheme is flexible in Investing amount as per the convenience of the user. An account holder of a recurring deposit in the Union Bank of India can increase the monthly deposit in the multiples of core amount. There is no penalty either on premature withdrawals nor on late payments.

Features of UBI Recurring Deposits

Some of interesting features of the recurring deposit offered by Union Bank of India are:

• The scheme offered options of depositing a small amount of money on regular basis instead of one-time payment. This facility is an encouragement for small investors to earn interest income
• The bank offers flexible tenure periods ranging from few months to several years
• Quick access and liquidity of funds when needed

Union Bank of India RD Calculator

A Recurring Deposit calculator is a good way of calculating maturity amount on RD. You can follow this method to estimate your RD amount on maturity.

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Why Investing in SIP is Beneficial?

• Systematic Investment plan (SIP) is a way to put your money in mutual funds. Investment can be done on a periodic basis - daily, weekly, monthly or quarterly

• You need to deposit a small amount of money at every interval. The minimum amount can be as low as INR 500

• SIPs can help in all kinds of investment goals, whether short- or long –term, depending on the frequency of investment, funds chosen and other factors

• SIPs offer flexible instalment plans of daily, weekly, monthly, quarterly etc

• Returns can be earned better here. The longer you invest via a SIP in mutual funds, especially in an Equity Fund, the higher are the chances to earn good returns

• To Cancel SIP, the investors can simply close their investment and withdraw their money without any penal charges

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