What is the highest Union Bank FD rate for senior citizens?

The highest Union bank Senior Citizen FD rate is 7.15% p.a. for deposits between 5 and 10 years.

Is Union Bank FD Safe for Senior Citizens?

Union Bank fixed deposits are safe as deposits up to ₹5 lakh per depositor per bank are covered under DICGC insurance.

Can senior citizens get a monthly income from a Union Bank FD?

Yes, Union Bank offers non-cumulative fixed deposits where interest can be paid monthly, quarterly, half-yearly, or annually.

What is the minimum amount required to open a Union Bank Senior Citizen FD?

The minimum amount required to open a Union Bank Senior Citizen Fixed Deposit is ₹1,000.

Is interest earned on Union Bank Senior Citizen Fixed Deposits taxable?

Yes. Interest earned on Union Bank Senior Citizen Fixed Deposits is taxable as per the applicable income tax slab. Banks may deduct TDS if annual FD interest exceeds the prescribed threshold limit.

Union Bank Senior Citizen Fixed Deposit Rates

Name: Union Bank Senior Citizen FD Rates
Brand: Interest Rates
Rating: 4.7 (13641 reviews)

Union Bank offers attractive FD rates for senior citizens ranging from 3.55% to 7.75% p.a. across tenures of 7 days to 10 years. Continue reading for the latest Union Bank Senior Citizen FD rates and special FD schemes for senior citizens.

Union Bank Senior Citizen FD Snapshot	Details
Highest Senior Citizen FD Rate	7.15%
FD Tenure Range	7 to 10 Years
Minimum FD Amount	Rs. 1000/-
Premature Withdrawal Facility	Available with a penalty of 0.5% to 1%
Loan Against FD	Up to 90% of the fixed deposit amount.

Union Bank Senior Citizen FD Rates (Less Than ₹3 Crore)

The table below provides a detailed breakdown of Union Bank Senior Citizen FD rates for fixed deposits below ₹3 crore across different tenure options

Tenure	Senior Citizen FD Rates (per annum)
7-14 Days	3.20%
15 -30 Days	3.30%
31-45 Days	3.50%
46 -90 Days	4.50%
91-120 Days	4.80%
121-180 Days	5.25%
181 -270 Days	5.90%
271-364 Days	6.10%
1 Yr to 399 days	6.70%
400 Days	6.75%
401 to 443 days	6.75%
444 days	7.00%
445 Days to 554 Days	7.15%
555 Days	7.15%
556 Days to 996 days	6.65%
997 days	6.60%
998 days to 3 Yrs	6.60%
> 3 Yrs to 10 Yrs	6.50%

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Use the Union Bank FD Calculator below to estimate the maturity amount and interest earned on your Union Bank fixed deposit based on your investment amount, tenure, and applicable FD rate.

Union Bank Senior Citizen FD Rates (Above ₹3 Crore)

Union Bank offers a separate set of FD interest rates for senior citizens looking to invest more than ₹3 crore, depending on the tenure. Here is a quick breakdown of senior citizen FD rates above 3 crore-

Tenure	Senior Citizen FD Rates (per annum)
7-14 Days	3.20%
15 -30 Days	3.30%
31-45 Days	3.45%
46 -90 Days	4.25%
91-120 Days	4.55%
121-180 Days	5.10%
6 Months to < 1 Year	5.90%
1 Year	6.50%
>1 Year to 2 years	6.50%
>2 Year to 996 Days	6.50%
997 Days	6.50%
998 Days to 3 years	6.50%
> 3 Years to 5 Years	5.75%
> 5 Years to 10 Years	5.75%

Union Bank Bank Super Senior Citizen FD Rates

Union bank offers an additional interest rate to super senior citizens, typically individuals aged 80 years and above. Here is a breakdown of Union Bank super senior citizen fixed deposit rates:

Tenure	Senior Citizen FD Rates (per annum)
7-14 Days	3.45%
15 -30 Days	3.55%
31-45 Days	3.75%
46 -90 Days	4.75%
91-120 Days	5.05%
121-180 Days	5.50%
181 -270 Days	6.15%
271-364 Days	6.35%
1 Yr to 399 days	6.95%
400 Days	7.00%
401 to 443 days	7.00%
444 days	7.25%
445 Days to 554 Days	6.90%
555 Days	7.40%
556 Days to 996 days	6.90%
997 days	6.85%
998 days to 3 Yrs	6.85%
> 3 Yrs to 10 Yrs	6.75%

Compare Union Bank Senior Citizen FD Interest Rates with Other Banks

Several banks currently offer higher interest rates than Union Bank for specific tenures. The table below compares Union Bank senior citizen Fixed Deposit rates with other banks' FD rates.

Bank	Highest Rate
Union Bank of India	6.65 (555 Days)
Yes Bank	7.75% 18 < 24 months and 36 to < 60 months)
Shivalik Small Finance Bank	8.30% (21 to 22 Months)
Suryoday Small Finance Bank	8.25% (30 Months)
Utkarsh Small Finance Bank	8.25% (666 Days)
Jana Small Finance Bank	8.00% (370–380 Days)
Mahindra Finance	7.80% (48 to 60 Months)
Indusind Bank	7.75% (24 to 36 Months)
Shriram Finance Bank	7.75% (36 to 60 Months)
Bajaj Finance	7.75% (31 to 60 Months)
RBL Bank	7.70% (18 to 36 months)
Sundaram Finance	7.50% (24 to 60 Months)
ICICI Housing Finance	7.35% (48 to 60 Months)
Indian Bank	7.30% (555 Days)
Kotak Mahindra Bank	7.30% (2 to 3 Years)
Bank of India	7.20% (3 years)
Canara Bank	7.10% (555 Days)
ICICI Bank	7.10% (3 to 5 Years)
SBI	7.05% (5 to 10 Years)
HDFC Bank	7.00% (3 to 4 Years)
Bank of Baroda	7.00% (5 to 10 Years)