Union Bank of India Senior Citizen RD Interest Rates

What is the Union Bank of India Senior Citizen RD

Union Bank of India Senior Citizen Recurring Deposit (RD) is a savings option meant for depositors who are aged 60 years and above. It helps you invest a fixed amount every month while earning a higher preferential RD interest rate. These usually stay about 0.50% above standard RD rates, helping to maintain consistent growth in returns over time.

Under the Union Monthly Plus RD variant, the minimum deposit is ₹100 and can be made in multiples of ₹100, making it easy to start.

Union Bank of India Senior Citizen RD Rates

Below are the RD interest rates across various tenures, offering better returns with flexible investment options.

*Union Bank Senior Citizen RD Interest Rates w.e.f. February 11, 2026.

Key Features of Union Bank of India Senior Citizen RD

Union Bank of India senior citizen RD offers steady returns and includes several useful features for account holders:

• Loan against RD Facility:Union Bank of India loan against RD enables you to use funds without closing the deposit before maturity, helping deal with urgent needs while keeping the RD ongoing.
• Higher Interest for Senior Citizens: Senior citizens receive an additional 0.50% interest over regular Union Bank of India RD interest rates, while super senior citizens may get up to 0.75% extra, helping improve overall returns.
• Multiple Deposits Facility (Union Monthly Plus): You can deposit up to 10 times the core amount or ₹1,00,000, whichever is lower, giving flexibility to invest more when possible.
• RD Premature Withdrawal:Union Bank of India RD premature withdrawal is allowed. Interest is paid for the completed duration and a penalty may apply according to bank rules as per bank terms here.

How to Open a Union Bank of India Senior Citizen RD

A Union Bank of India Senior Citizen RD may be opened online or offline, depending on your convenience and needs.

Online Method

To start a Union Bank of India Senior Citizen RD online, follow the steps below:

• Go to Deposits Section: Log in to Union Bank of India internet banking and navigate to the deposits section.
• Choose RD Option: Select the Recurring Deposit option and pick the suitable scheme, such as Union Monthly Plus.
• Enter Deposit Details: Enter monthly instalment amount, choose selected tenure, and link your Union Bank of India savings account details securely.
• Select Senior Citizen Benefit: Check the senior citizen category is selected to get the higher interest rate.
• Review Details: Check all filled-in details, including the deposit amount, tenure, and applicable interest rate.
• Confirm and Activate: Submit request to open and activate your RD quickly now.

Offline Method

Open a Union Bank of India Senior Citizen RD at a nearby branch:

• Visit the Bank Branch: Go to the nearest Union Bank of India branch.
• Request RD Application Form: Ask for the recurring deposit application form from the bank staff.
• Add Deposit Details: Enter information such as monthly instalment, tenure, and account information.
• Submit KYC and Age Proof: Submit valid identity, address, and age proof to receive senior citizen benefits.
• Fix Instalment Mode: Select monthly payment mode including cash, cheque, or auto-debit facility option.
• Submit and Open RD: Submit the completed form, after which the bank will verify and open your RD account.

Union Bank of India Senior Citizen RD Eligibility Criteria

Union Bank of India Senior Citizen RD opening includes clear minimum eligibility conditions to support a simple account opening process.

• Age Requirement: The applicant should be 60 years or older to avail the benefits of a senior citizen RD.
• Savings Account Requirement: A recurring deposit can be opened and maintained only with an active Union Bank of India savings account.
• Resident Status: RD facility is mainly for resident account holders. Non-resident eligibility may vary according to bank rules there.
• KYC (Know Your Customer) Compliance: Applicants must complete KYC formalities by providing valid identity and address proof as per bank requirements.
• Documents Requirement: You must provide identity and address proof documents. Aadhaar Card, PAN Card, Voter ID, passport, or utility bills are common documents accepted.

Key Takeaways

Union Bank of India Senior Citizen RD provides steady returns, with interest rates ranging from 6.00% to 7.10% per annum, depending on tenure from 6 months up to 10 years period. Under the Union Monthly Plus RD variant, the minimum deposit starts from ₹100 and continues in multiples of ₹100. An RD calculator can help you estimate returns earlier and plan your savings more clearly.