Union Bank Special FD Schemes

Union Bank Special FD Tenures and Interest Rates

Amongst the other tenures of Union Bank of India FD rates, the highest rates are offered on the 555-day tenure, which is 6.55% p.a. for general citizens and 7.05% p.a. for senior citizens, effective from 4th August, 2026 (last verified in September 2026). Below are the other special FD scheme rates available:

Union Bank of India 444 Days FD Interest Rate

The interest rate for Union Bank 444 Days FD provides short-term stability with assured returns.

*Union Bank of India 444 days FD rates w.e.f. August 04, 2026

Union Bank 555-day FD Interest Rate

Union Bank of India offers the highest regular depositors' rates of 6.55% p.a. for general and 7.05% p.a. for senior citizens on a 555-day tenure effective from August 04th 2026:

*Union Bank of India 555 days FD rates w.e.f. August 04, 2026

Union Bank 997 Days FD Interest Rate

The 997-day FD offered by Union Bank of India is a medium-term deposit scheme that provides higher interest rates and better returns compared to regular fixed deposits.

*Union Bank of India 555 days FD rates w.e.f. August 04, 2026

Key Features of Union Bank Special FD Schemes

Union Bank Special FD Schemes come with tenure-specific benefits and flexible features designed to meet various financial needs.

• High-Yield Special Tenures: Invest in high-return Union Bank FD tenures such as 444, 555 days, 997 days or higher, with guaranteed returns and clear maturity dates.
• Extra Returns for Senior Citizens: Union Bank Senior Citizens FD rates earn an additional 0.50% p.a., while super senior citizens receive an extra 0.75% p.a. over standard rates.
• Low Investment Threshold: Start investing with as little as ₹1,000, making it easy for beginners and small savers to grow their money.
• Eligible Deposit Limit: Special rates apply to retail domestic and NRO deposits under ₹3 crore.
• Instant Liquidity (Loan Facility): Access Union Bank of India loan against FD or overdrafts up to 90% of your deposit value to meet unexpected cash needs without closing your FD early.
• Automatic Growth (Auto-Renewal): Set your deposit to auto-renew upon maturity so your returns keep compounding without interruption.

Illustrations for Union Bank Special FDs

To help you understand how these special deposits work, here are illustrations for two key Union Bank of India FD schemes with sample maturity calculations.

Illustration 1: Union Bank of India 444 Days FD

The 444-day FD is designed for customers seeking short-to-medium-term growth with flexibility. If a depositor invests ₹1,20,000 at 6.50% p.a. (general citizen):

Simple Interest:

(₹1,20,000 × 6.50 × 1.22) / 100 = ₹9,516

Maturity Value: ₹1,20,000 + ₹9,516 = ₹1,29,516

Compound Interest (Quarterly):

A = ₹1,20,000 × (1 + 0.065 / 4)^(4 × 1.22)

A ≈ ₹1,29,580

Compound Interest Earned: ₹9,580

Senior Citizen (7.00%) Maturity: ≈ ₹1,30,500

Super Senior Citizen (7.15%) Maturity: ≈ ₹1,30,850

Illustration 2: Union Bank of India 555 Days FD

The 555-day FD is designed for investors seeking higher medium-term growth with guaranteed returns.

If a depositor invests ₹1,20,000 at 6.55% p.a. (general citizen):

Simple Interest:

• (₹1,20,000 × 6.55 × 1.52) / 100 = ₹11,947
• Maturity Value: ₹1,20,000 + ₹11,947 = ₹1,31,947

Compound Interest (Quarterly):

• A = ₹1,20,000 × (1 + 0.0655 / 4)^(4 × 1.52)
• A ≈ ₹1,32,525
• Compound Interest Earned: ≈ ₹12,525

Senior Citizen (7.05%) Maturity: ≈ ₹1,33,595

Super Senior Citizen (7.30%) Maturity: ≈ ₹1,34,135

Taxation on Union Bank Special FD Schemes

Taxation on Union Bank of India fixed deposits applies to both principal investments and interest earned. Only 5-year Tax-Saver FDs qualify for principal deductions up to ₹1,50,000 under Section 80C. All FD interest is added to your income and taxed according to your tax slab. TDS at 10% applies if annual interest exceeds ₹50,000 (₹1,00,000 for senior citizens), rising to 20% without a PAN.