Union Bank Of India Fixed Deposit Schemes

I want to apply for Fixed Deposit Scheme/ Receipt in Union Bank Of India so can you provide me the details of it?

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The Union Bank Of India provide Fixed Deposit Receipt Scheme for their customers.

Fixed Deposit Receipt

Eligibility-

Any Resident Individual - Single Accounts, Two or more individuals in Joint Accounts, Illiterate Persons, Blind persons, Purdanasheen Ladies, Minors, Associations, Clubs, Societies, etc. Trusts, Institutions/Agencies specifically permitted by the RBI eligible to open a Fixed Deposit Receipt Account in single/joint name/s.

Minimum amount:-

Rs.10,000/- for FDR in Metro and Urban Branches and Rs.5,000/- in Rural and Semi urban branches, and for senior citizens the minimum amount will be Rs. 5000/-

Minimum Amount criteria will not be applicable to Subsidy kept under GOVT Sponsored Schemes, Margin Money, earnest money and court attached/ordered deposits

Payment and Renewal of Deposits Before Maturity

Depositors may request repayment of their deposits before maturity. Repayment of term deposits before maturity is permissible.

No interest will be paid on term deposit which remain with the bank for less than 7 days.

In case the depositor desires to renew the deposit by seeking premature renewal, the deposit is renewed for a period longer than the balance period of the original deposit.

Rate of Interest :

Rate of interest differs from depending upon tenure of the deposits and as and when the Bank changes the Rate.

Senior citizens are offered additional interest of 0.50 % for deposits placed for 1 year and above period.

Contact-

All-India Toll Free number : 1800 22 22 44 / 1800 208 2244
Charged Numbers : 080-25300175
Dedicated number for NRI : +918025302510