If you prefer fixed deposits (FDs) as a safe investment option, this news is important for you.
Union Bank of India has revised its fixed deposit interest rates. The new FD rates are effective from August 4, 2026.
Under the revised rates, Union Bank is offering interest rates ranging from 2.70% to 6.55% per year on FDs across different tenures. Customers planning to invest their money for 1 to 5 years should check the new rates before opening an FD.
Union Bank FD Interest Rates
For general customers, Union Bank offers 6.20% annual interest on FDs with tenures from 1 year to 399 days. The interest rate is 6.25% for FDs of 400 days and 401 to 443 days.
The bank is offering a higher interest rate of 6.50% on its special 444-day FD. This means customers investing for this tenure can earn better returns compared to some FDs with a tenure of around one year.
FD Interest Rates from 1 Year to 10 Years
If you are planning to invest in a Union Bank FD for a period of 1 year to 10 years, the revised interest rates are as follows:
1 year to 399 days: 6.20%
400 days to 443 days: 6.25%
444-day Special FD: 6.50%
445 days to 554 days: 6.15%
555-day Special FD: 6.55%
556 days to 996 days: 6.15%
997 days to 3 years: 6.10%
More than 3 years to 10 years: 6.00%
The 555-day Special FD offers the highest interest rate of 6.55% under the revised rates.
Senior citizens get an additional 0.50% interest over the rate offered to normal customers. Very senior citizens, or those above 80 years of age, get an additional 0.75% interest compared to normal customers.
Image Source: Official Website
Union Bank FD Interest Rates
Union Bank Savings Account Interest Rates
Union Bank has also revised its savings account interest rates. These rates are effective from August 10, 2026.
The new savings account interest rates are:
Balance up to ₹50 lakh: 2.50%
₹50 lakh to ₹50 crore: 2.55%
₹50 crore to ₹100 crore: 2.60%
₹100 crore to ₹500 crore: 2.75%
₹500 crore to ₹1,000 crore: 3.00%
Above ₹3,000 crore: 6.25%
Therefore, if you are looking for better returns from a safe investment, the 555-day Union Bank FD offering 6.55% annual interest may be an option to consider.
