FD Rate of UNB

FD Rate of UNB

FD Features and Benefits of UNB

1. UNB has an options for automatic renewal.
2. A/C units can be opened individually or collectively for resident individuals only.
3. There is an option to pre-close the FD.
4. Bulk deposits in excess of Rs. 2 crores are available.
5. Available in two metals: gold and silver, to meet the investor’s different tastes in terms of affordability.
6. There is a nomination facility provided.
7. Residents, as well as HUFs, can use it either individually or jointly.

Term wise UNB FD Rates

Short Term FD :- Tenure that begins from 7 days to 1 year or less than a year are known as short-term fixed deposits, and their interest rates start from 3.00% to 5.00% depending on the number of days of the deposit for general customers and senior citizens.

A Medium Term FD :- 1 year to 5 years, withhold interest rates is 5.50% to 6.00% for general customers and for senior citizens according to the period of lock-in.

A Long Term FD:- 5 years and more, and the interest rate is 5.25% for both general customers and senior citizens.

Flexifix FD

1. Strategy of this bank is combines the advantages of a fixed deposit a greater rate of interest with no market risk and the flexibility of withdrawals.
2. Tenure ranges from 30 days to 7 years.
3. Minimum Deposit Amount: Rs. 10,000, with multiples of Rs. 5000 accepted.
4. Tenure ranges from 30 days to 5 years.
5. Interest Rates: Simple interest is due monthly, quarterly, semi-annually, and annually.
6. Senior Citizen Pricing: Senior citizens over the age of 60 receive preferential rates beginning with the first year.
7. Premature Withdrawal: Available in Rs. 5,000 increments with interest on pro data basis
   Overdraft/Loan against FD Loans: are not available; however, overdrafts are possible.

Fix Deposit FD

1. Minimum tenure is 7 days – 10 years The amount of the deposit is Rs. 100.
2. Simple interest is due monthly/quarterly, annually/half-yearly.
   Cumulative deposits are compounded quarterly.
3. Senior Citizen Rates has Additional FD rates for people aged 60 and up on deposits for 1 year and above.
4. Premature Withdrawal option is available.
5. Loans against FDs are available.

Tax Sever FD

1. Tax-Saver Term Deposit was created to assist investors in saving tax by claiming deductions under Section 80C of the Income Tax Act of 1961.
2. This is an excellent way to save money while increasing it many times over.
   5 years tenure.
3. Amount of the Minimum Deposit
   Silver Tax Saver Deposits is Rs. 100
   Gold Tax Saving Deposits is Rs. 1,000
4. Simple interest is paid on a monthly or quarterly basis on a silver deposit.
5. Gold Deposit Interest accrues and is paid at maturity.
6. Premature Withdrawal option is not available.
7. Loan against FD option is not available.

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