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Union Non-Callable Term Deposit Scheme (For Deposits of Rs.1 crore and above):

Union Bank of India has introduced non callable term deposit scheme. The scheme is available to the deposits of Rs. 1 Crore and above (Single Deposits) only. The scheme will fetch higher rate of interest as compared to interest rate on the regular deposits of Rs.1 Crore and above.

  Salient Features:
Name of the Product Union Non Callable Term Deposit (Domestic)
Amount of Deposits Rs.1 crore & above
Type of Deposits a. Deposit Reinvestment Certificate
b. Fixed Deposit Receipt
c. Short Term Deposit Receipt
Tenor of Deposits 61 Days to 3 Yrs
Auto-Renewal Not allowed.
ROI Decided by Bank
Premature Closure Not allowed.
Availability of Loan/Overdraft Permitted as per existing rules of bank.
The deposits may be accepted as security
for fund based & non fund based loans as
per prevailing guidelines of the Bank.

*Customers are requested to contact nearest branch for further details.


Forms & Documents