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Union Bank of India FD Rates 2024

Updated on July 17, 2024 , 37365 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 Bank of India Fixed Deposit Interest Rates (Deposits <INR 2 Cr)

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

Tenure Interest Rates (p.a.)
7-14 Days 3.00
15 -30 Days 3.00
31-45 Days 3.00
46 -90 Days 4.05
91-120 Days 4.30
121-180 Days 4.40
181 Days to <1 Year 5.25
1 Year 6.30
>1 Year to 398 Days 6.30*
399 Days 7.00
400 Days to 2 years 6.30*
>2 years to less than 3 years 6.30*
>3 years 6.50
> 3 years to 5 years 6.70
5 years to 10 years 6.70

*Interest rates are subject to change. Therefore the depositor website will ensure the rates up to the date of deposit

Documents Required to Open FD Account in Union Bank of India

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 2024

FundNAVNet Assets (Cr)1 MO (%)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
Indiabulls Liquid Fund Growth ₹2,364.39
↑ 0.40
Principal Cash Management Fund Growth ₹2,158.56
↑ 0.42
PGIM India Insta Cash Fund Growth ₹318.362
↑ 0.06
JM Liquid Fund Growth ₹66.7913
↑ 0.01
Axis Liquid Fund Growth ₹2,722.15
↑ 0.50
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Jul 24

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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