About Union
Union Bank of India is a major Indian public sector bank headquartered in Mumbai. After the merger with Andhra Bank and Corporation Bank in 2020, it has become the fifth largest public sector bank in India by assets.
9,500+
Branches
13,000+
ATMs
75,000+
Employees
Vyom
Mobile App
💵 Savings Account
2.75%
Interest Rate
Minimum Balance Requirements
- Metro/Urban: Rs. 1,000
- Semi-Urban: Rs. 500
- Rural: Rs. 250
BSBDA Available
Account Features
💰 Fixed Deposit (FD) Interest Rates
| Tenure | Interest Rate |
|---|---|
| 7-14 days | 3.50% |
| 15-45 days | 4.00% |
| 46-90 days | 5.00% |
| 91-179 days | 5.50% |
| 180-269 days | 6.50% |
| 270 days - 1 year | 6.70% |
| 1-2 years | 6.80% |
| 2-3 years | 6.60% |
| 3-5 years | 6.30% |
| 5-10 years | 6.30% |
| Senior Citizen Extra | +0.50% |
* Rates are subject to change. Please verify with the bank before investing.
📈 Recurring Deposit (RD) Interest Rates
| Tenure | Interest Rate |
|---|---|
| 1 year | 6.70% |
| 2 years | 6.60% |
| 3 years | 6.30% |
| 5 years | 6.30% |
🏠 Loan Interest Rates
Home Loan
8.35% - 10.55%
Processing: 0.50%
Max Tenure: 30 years
Car Loan
8.45% - 10.75%
Processing: 0.50%
Max Tenure: 7 years
Personal Loan
10.50% - 14.50%
Processing: 1%
Max Tenure: 5 years
Education Loan
8.40% - 10.30%
Processing: Nil
Max Tenure: 15 years
Gold Loan
8.55% - 9.40%
Processing: 0.25%
Max Tenure: 3 years
Loan Against Property
9.30% - 11.25%
Processing: 0.50%
Max Tenure: 15 years
💳 Credit Cards
Union Bank Classic
Annual Fee: Rs. 400
1 point per Rs. 100
📦 Locker Charges & Service Fees
🔐 Locker Annual Rent
- Small: Rs. 1,500/year
- Medium: Rs. 3,000/year
- Large: Rs. 5,500/year
- Extra Large: Rs. 8,500/year
💸 Service Charges
- NEFT (Online): Free
- RTGS (Online): Free
- IMPS: Rs. 2 - Rs. 15
- Cheque Book: 10 leaves free
- Debit Card Annual: Rs. 100 - Rs. 250
- SMS Alerts: Rs. 12/quarter
📞 Customer Care Numbers
SWIFT Code: UBININBB
IFSC Format: UBIN0XXXXXX