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Fincash » Union Bank of India FD Rates

Union Bank of India FD Rates

Updated on November 19, 2019 , 3161 views

Union Bank of India fixed deposit is a great way to save money for a period of time, if you are looking at getting your invested money safely along with good returns on your investment, then fixed deposit is the way to go. Checking the Union Bank of India fixed deposit interest rate and making the decisions is now very easy.

Union-FD-Interest-Rates

Union Bank of India Fixed Deposit Interest Rates (Deposits <INR 1 Cr)

Here's the list of Union Bank FD Rates and are applicable for deposits of

w.e.f 27/08/2018

Tenure Interest Rates for Regular Deposit (p.a.)
7 day – 14 day 5.00%
15 day – 30 day 5.00%
31 day – 45 day 5.00%
46 day – 90 day 5.50%
91 day- 120 day 6.25%
121 day to - 179 days 6.25%
180 days 6.50%
181 day to <10 Month 6.50%
10 Month to 14 Month 6.75%
>14 Month to 3 Year 6.70%
>3 year - 5 Year 6.85%
>5 year - 10 Year 6.85%

Figures mentioned in the above table are subject to change without prior information.

Union Bank of India Fixed Deposit- Investment Features

Investment Amount Tenure Interest Rate*
Minimum – ₹ 10,000 Minimum – 7 days Minimum – 5.00%
Maximum – No Limit Maximum – 10 years Maximum – 6.75%

*for regular citizens

Documents Required to Open FD Account in Union Bank of India

  • aadhaar card
  • PAN Card
  • Form 60 (Mandatory Document)
  • Other Identity Proof
  • Address Proof
  • Photograph

Any other document that proves the identity and address of the applicant

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Investors Looking for Alternative to Banks Savings Account in Mutual Funds

Investors who are thinking of parking their money for the short term, you can also consider liquid Mutual Funds. Liquid Funds are an ideal alternative to FDs as they invest in low-risk debt and money market securities.

Here are some features of liquid funds you should know:

  • These funds come with no lock-in period
  • The money is invested in money market instruments like a certificate of deposits, commercial papers, treasury bills, and term deposits
  • You can exit from the scheme anytime you want. Also, the funds have no entry load and exit loads
  • The underlying assets have low maturity period and provide you low-interest rates
  • Most times, you may also get returns higher than bank Savings Account

Best Liquid Funds to Invest 2019

FundNAVNet Assets (Cr)1 MO (%)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2018 (%)
DHFL Pramerica Insta Cash Fund Growth ₹252.195
↑ 0.04
₹4680.41.43.2777.57.4
JM Liquid Fund Growth ₹53.0343
↑ 0.01
₹1,1090.41.43.16.977.57.4
Indiabulls Liquid Fund Growth ₹1,888.78
↑ 0.25
₹5450.41.43.16.86.97.57.3
Principal Cash Management Fund Growth ₹1,718.6
↑ 0.23
₹1970.41.42.96.43.75.5-1.8
Reliance Liquid Fund  Growth ₹4,730.75
↑ 0.70
₹28,8620.41.43.2777.47.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Nov 19

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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