On 11th November 1919, the Union Bank of India was founded as a public sector banking institution. The bank has more than 8,500 branches all over India and 2 overseas branches in Sydney and Dubai. You will get a wide array of banking products, including fixed deposits with attractive rates and flexible tenure.
In this blog, we will walk you through how to avail the bank FD schemes by filling out the Union Bank FD form while highlighting other details associated with the form.
What Is the Union Bank FD Form?
Any Indian resident can apply for either a single or joint fixed deposit account by filling up the FD form Union Bank of India. The bank offers a varied range of fixed deposit schemes for their customers to choose from. Besides, you may get competitive interest rates for all of their fixed deposit schemes.
How to Download the Union Bank FD Form?
Refer to the below-listed steps to know how to download a Union Bank FD form online:
- Step 1: Visit the official website of the Union Bank of India.
- Step 2: Navigate the home page and download the form instantly.
Union Bank FD Form for Old Customers
In case you are an existing customer of Union Bank of India, go through the below-listed fields you need to fill up in a Union Bank FD form.
- Write your bank account number along with the branch name.
- Fill in the applicant details with your full name.
- Carefully write your customer ID.
- In the case of a joint account, fill in the names of other joint applicants along with their customer ID.
- Fill in the account scheme, amount, tenure, and rate of interest.
- Tick the type of account you want to open (single/jointly, etc.)
- Fill in the payment details for opening an FD account with this bank.
- Tick the interest payment frequency (monthly/quarterly/half yearly/yearly).
- Write down your current or savings account number where your maturity money will be credited.
- Put your full signature at the bottom of the form.
How to Book FD with the Union Bank FD form?
Have a glance at the below-given steps to open an FD account with Union Bank:
- Step 1: You have to visit your nearest branch of Union Bank of India.
- Step 2: Ask for a Union Bank FD form from the bank officials.
- Step 3: Carefully fill in all the required fields.
- Step 4: Along with the duly filled form, you have to submit some of the mandatory documents.
- Step 5: The bank will ask for the initial deposit money.
Afterwards, the bank officials will verify all the submitted documents carefully and provide you with an FD receipt.
How to Fill Out a Union Bank FD form?
An individual can get the Union Bank of India FD form pdf on both online and offline modes. Kindly navigate through the official website of Union Bank to download the application form online. You can also collect the form from your nearest Union Bank branch. In case of any doubts, you can reach out to the bank officials for assistance. While filling up the form, make sure to provide details in block letters with black or blue dot pen.
Documents Required with FD to Open FD with Union Bank
One must carry or keep all the below-listed documents handy along with the Union Bank of India FD form to ease your FD account opening experience with this bank.
1. Proof of Address (Any One of the Following)
- Bank statement
- Electricity bill
- Aadhaar card
- Cheque
- Telephone bill
- Post Office issued certificate
2. Proof of Identity (Any One of the Following)
- Driving license
- Voter ID
- Senior citizen identification when applicable
- Aadhaar card
- PAN card
- Passport
- Ration card with photo
Union Bank FD Break Form
Union Bank allows their customers to close their accounts at the end of the tenure. Moreover, in case of any serious financial problems, this bank allows you to opt for a premature account closure facility. To avail this closure facility, you have to go to your nearest branch and collect the Union Bank FD break form. However, you have to pay a penalty charge in such cases.
Final Word
Union Bank is continuously incorporating unique technologies in its internet banking portal to make the FD form more accessible to its customers. Now that you are well aware of the Union Bank FD form and other associated details, you can easily open an account today. However, before obtaining the form, make sure to keep all the required documents in handy.
FAQs
The minimum and maximum term period of Union Bank’s FD account is 6 months and 120 months respectively.
The minimum amount you can deposit in a Union Bank FD account is ₹1,000.
No, there is no maximum fixed deposit amount stated by the Union Bank of India.
In case your FD investment amounts more than ₹2 crores and has been active for 7 days, a penalty fee of 1% will be charged by the Union Bank.
Yes, you can get a loan facility of up to 90% of the FD amount.
Yes, you can opt for a nomination facility for your Union Bank fixed deposit account.
Disclaimer
This article is solely for educational purposes. Stable Money doesn't take any responsibility for the information or claims made in the blog.
