If you are planning to open a fixed deposit account with a government owned bank, the current interest rates at Union Bank of India are worth a look. The public sector lender is offering annual interest ranging from 2.70 percent to 7.30 percent across its various FD tenures. Customers can open a fixed deposit with Union Bank of India for a period as short as 7 days or as long as 10 years, giving depositors plenty of flexibility to match a plan with their financial goals. Here is a look at how much interest the bank is currently paying on its widely tracked 444 day FD scheme, along with the additional benefits it offers to senior citizens.
How Much Interest Union Bank Pays On A 444 Day FD
Union Bank of India offers different interest rates on its 444 day fixed deposit scheme depending on the depositor's age. General customers up to the age of 59 years earn 6.50 percent annual interest under this scheme. Senior citizens aged 60 years or above get a higher rate of 7.00 percent on the same 444 day tenure, half a percentage point more purely because of their age. Super senior citizens, those aged 80 years or above, are offered the highest rate of 7.25 percent under this scheme. It is worth noting that all these rates apply only to deposits of less than Rs 3 crore, meaning larger deposits could attract a different set of rates.
The Extra Benefits Senior Citizens Get
On its fixed deposit accounts, Union Bank of India pays senior citizens 0.50 percent more interest than it pays general customers, which helps them earn a better return on their post retirement savings. Going a step further, super senior citizens earn an additional 0.25 percent over what senior citizens get. In other words, the older a depositor is, the better the return they are likely to earn on their savings. However, it is worth keeping in mind that the interest rates offered to super senior citizens vary from bank to bank, so comparing rates across banks before opening an FD can work in a depositor's favour.
Rates Were Last Revised On August 4
Union Bank of India last revised the interest rates on its fixed deposit schemes on August 4, 2026, and customers have been earning interest based on these revised rates since then. It is worth noting that, apart from Union Bank, the FD interest rates offered by other banks across the country largely depend on the repo rate set by the Reserve Bank of India. This is why whenever the RBI changes the repo rate, most banks also adjust their FD interest rates accordingly, which directly affects the returns ordinary depositors earn on their deposits.
