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Union Bank of India FD Rates 2021

Updated on January 12, 2021 , 13574 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

w.e.f 17/12/2019

Tenure Interest Rates (p.a.)
7 – 14 Days 5.00
15 – 30 Days 5.00
31 – 45 Days 5.00
46 – 90 Days 5.50
91 - 120 Days 6.00
121 to 180 Days 6.10
181 Days to <1 Year 6.15
1 Year 6.30
>1 Year to 443 Days 6.30
444 Days 6.40
445 Days to 554 Days 6.30
555 Days 6.45
556 Days to 3 Years 6.30
> 3 Years to 5 Years 6.30
> 5 Years to 10 Years 6.30

Figures mentioned in the above table are subject to change. For interest rates for deposits of Rs. 2 Crores and above, Please contact our nearest branch.

Saving Bank Deposits Rates

Here are the details about Union savings bank deposit rates:

w.e.f. 10.08.2019

Investment Amount nterest Rate
For balance upto Rs. 25 lakhs 3.25% p.a.
For balance above Rs. 25 lakhs Up to Rs.25.00 lakhs - 3.25 % per annum and Above Rs.25.00 lakhs – 4.00 % per annum

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 2021

FundNAVNet Assets (Cr)1 MO (%)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2020 (%)
PGIM India Insta Cash Fund Growth ₹264.504
↑ 0.01
JM Liquid Fund Growth ₹55.5081
↑ 0.00
Indiabulls Liquid Fund Growth ₹1,974.88
↑ 0.09
Principal Cash Management Fund Growth ₹1,795.23
↑ 0.30
Tata Liquid Fund Growth ₹3,203.71
↑ 0.15
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 15 Jan 21

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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