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Union Bank of India FD interest rates for 1, 2, 3 and 5 years

Last checked 3 November 2026. Rate card from 4 August 2026. Deposits below ₹3 crore.

Union Bank of India pays its best rate among these terms on 1 year: 6.20%, or 6.70% for senior citizens. That ranks 27th of 33 banks we track for 1 year. On a 2-year deposit it pays less than SBI (6.40%).

6.20%1 year, senior 6.70%
6.15%2 years, senior 6.65%
6.10%3 years, senior 6.60%
6.00%5 years, senior 6.50%

Union Bank FD rates by term

TermRateSenior rate₹5 lakh becomesRank
1 year
Slab: 1 year to 399 days		6.20%6.70%₹5,31,72827th of 33
2 years
Slab: 556 days to 996 days		6.15%6.65%₹5,64,91330th of 33
3 years
Slab: 998 days to 3 years		6.10%6.60%₹5,99,57827th of 33
5 years
Slab: Above 3 years to 10 years		6.00%6.50%₹6,73,42828th of 33

Interest compounds every quarter and is paid at maturity, before tax. Source: Union Bank of India deposit rates. Each rate is the slab that contains that exact term.

How Union Bank compares

  • 1 year: the highest rate we track is Ujjivan Small Finance Bank at 7.25%, 1.05 percentage points more. On ₹5 lakh that is ₹5,519 extra.
  • 2 years: the highest rate we track is ESAF Small Finance Bank at 7.75%, 1.60 percentage points more. On ₹5 lakh that is ₹18,051 extra.
  • 3 years: the highest rate we track is Jana Small Finance Bank at 8.00%, 1.90 percentage points more. On ₹5 lakh that is ₹34,542 extra.
  • 5 years: the highest rate we track is Jana Small Finance Bank at 7.77%, 1.77 percentage points more. On ₹5 lakh that is ₹61,214 extra.

Similar banks: Indian Bank (6.15% for 2 years), Bank of Maharashtra (6.15% for 2 years), UCO Bank (6.10% for 2 years), Bank of Baroda (6.25% for 2 years).

Amounts at Union Bank

  • ₹1 lakh for 1 year at 6.20% becomes ₹1,06,346.
  • ₹10 lakh for 1 year at 6.20% becomes ₹10,63,456.
We check every bank's own rate page on a schedule and update these pages when a rate changes. Rates change often and without notice, so confirm with the bank on the day you invest. This is information, not advice.

Questions people ask

What is the Union Bank FD rate for 1 year?

Union Bank of India pays 6.20% a year on a 1-year deposit below ₹3 crore (6.70% for senior citizens). ₹5 lakh grows to ₹5,31,728. The slab is "1 year to 399 days".

What is the Union Bank FD rate for 2 years?

Union Bank of India pays 6.15% a year on a 2-year deposit below ₹3 crore (6.65% for senior citizens). ₹5 lakh grows to ₹5,64,913. The slab is "556 days to 996 days".

What is the Union Bank FD rate for 3 years?

Union Bank of India pays 6.10% a year on a 3-year deposit below ₹3 crore (6.60% for senior citizens). ₹5 lakh grows to ₹5,99,578. The slab is "998 days to 3 years".

What is the Union Bank FD rate for 5 years?

Union Bank of India pays 6.00% a year on a 5-year deposit below ₹3 crore (6.50% for senior citizens). ₹5 lakh grows to ₹6,73,428. The slab is "Above 3 years to 10 years".

Is money in a Union Bank FD safe?

Union Bank of India is a public sector bank. DICGC insures deposits up to ₹5 lakh per depositor per bank, principal and interest together.

More FD rate pages

1-year FD rates · 2-year FD rates · 3-year FD rates · 5-year FD rates · Senior citizen FD rates · Tax-saver FD rates · All FD rate pages · Post office FD rates · SCSS interest rate