Union Bank of India Revises Fixed Deposit Rates, Offering Up to 6.55 Percent on Special Tenures Union Bank of India has revised its interest rates across fixed deposit tenures and savings accounts, with the highest return offered on a 555-day tenure. Public sector lender Union Bank of India has restructured its interest rates across multiple fixed deposit tenures. The revised interest framework came into effect on August 4, 2026. Under this updated schedule, depositors seeking steady and secure returns on their investments can earn between 2.70 percent and 6.55 percent per annum, depending on the maturity period chosen. For individuals planning to commit funds for terms spanning between one and five years, or even longer horizons, these rate adjustments present key changes in potential earnings. Under the fresh rate schedule, general depositors placing money in deposits maturing between 1 year and 399 days receive an interest rate of 6.20 percent per annum. Moving slightly higher on the timeline, terms of 400 days as well as ranges between 401 and 443 days fetch an annual return of 6.25 percent. Furthermore, the lender offers an elevated 6.50 percent return on a specific tenure of 444 days, allowing investors positioned around the one-year mark to secure a competitive yield. Detailed Interest Rate Structure from 1 Year to 10 Years Depositors preparing to lock in money with Union Bank of India for periods ranging from one year up to a full decade can select from several defined maturity buckets. The complete structure for retail terms reflects the following annual rates • 1 year to 399 days: 6.20 percent annual interest • 400 days to 443 days: 6.25 percent annual interest • 444 days special tenure: 6.50 percent annual interest • 445 days to 554 days: 6.15 percent annual interest • 555 days special deposit: 6.55 percent peak annual return • 556 days to 996 days: 6.15 percent annual interest • 997 days to 3 years: 6.10 percent annual interest • Over 3 years up to 10 years: 6.00 percent annual interest The bank continues to offer enhanced incentives for elderly depositors. Senior citizens receive an additional 0.50 percent premium over the standard rate applicable to general retail customers across these brackets. In addition, super senior citizens aged 80 years and above are entitled to an extra margin of 0.75 percent over general customer rates, providing higher quarterly compounding benefits. Revised Rates for Savings Account Deposits Alongside its term deposit revisions, Union Bank of India has established a revised tiered interest rate model for savings bank accounts. Effective from August 10, 2026, the returns based on daily ledger balance ranges stand as follows • Balances up to ₹50 lakh: 2.50 percent per annum • Above ₹50 lakh up to ₹50 crore: 2.55 percent per annum • Above ₹50 crore up to ₹100 crore: 2.60 percent per annum • Above ₹100 crore up to ₹500 crore: 2.75 percent per annum • Above ₹500 crore up to ₹1000 crore: 3.00 percent per annum • Balances exceeding ₹3000 crore: 6.25 percent per annum For individuals targeting the highest guaranteed return within a medium-term framework, the 555-day retail fixed deposit presents the peak rate on offer at 6.55 percent. What this means for you This interest rate revision directly affects interest payouts for retail depositors and savings account holders across the country. • Across India: Retail depositors nationwide can now lock in yields of up to 6.55 percent on select medium-term tenures such as the 555-day bucket. Choosing special duration windows like 444 days or 555 days yields higher returns than conventional one-year or multi-year terms. • For senior citizens: Elderly investors earn a 0.50 percent premium, while super seniors above 80 years gain an additional 0.75 percent over standard rates. This provides higher fixed income certainty and regular cash flow support for pensioners. • For savings account holders: Balances up to ₹50 lakh now earn 2.50 percent per annum, keeping returns on liquid funds modest. Depositors holding idle cash may benefit from shifting surplus funds into short or medium-term term deposits. • For long-term investors: Deposits spanning beyond 3 years up to 10 years offer a flat 6.00 percent rate. Savers planning longer horizons will need to evaluate whether locking in at 6.00 percent meets their portfolio targets compared to special tenures. Why this happened Commercial banks routinely recalibrate deposit rates to balance asset-liability management, liquidity requirements, and their overall cost of funds. • Liquidity and funding needs: Periodic revisions allow the bank to match its borrowing obligations with loan disbursement targets across specific maturities. Adjusting rates helps control funding costs while maintaining stable reserves. • Focus on special tenor buckets: Offering elevated returns on irregular durations like 444 days and 555 days incentivizes retail customers to commit capital for predictable intervals. This approach allows lenders to attract stickier retail funds without raising rates across all tenures. • Tiered savings account adjustments: Structuring savings rates up to 6.25 percent for balances above ₹3000 crore helps draw large institutional and corporate deposits, while lower tiers regulate expenses on high-frequency retail balances. Questions & Answers 1. When did the revised fixed deposit rates at Union Bank of India come into effect? The updated fixed deposit interest rates came into force on August 4, 2026. 2. Which tenure offers the highest return on fixed deposits? The 555-day special deposit tenure offers the highest rate of 6.55 percent per annum. 3. What additional interest benefits do senior citizens receive? Senior citizens receive an additional 0.50 percent, while super senior citizens aged above 80 receive an extra 0.75 percent over general rates. 4. What is the interest rate for deposits maturing between 1 year and 399 days? General depositors receive an interest rate of 6.20 percent per annum on deposits spanning 1 year to 399 days. 5. When do the savings account revisions apply and what is the rate for balances up to ₹50 lakh? Savings account rates took effect on August 10, 2026, offering 2.50 percent per annum for balances up to ₹50 lakh. https://trendkia.com/en/money/union-bank-of-india-ne-taya-ki-savadhi-jama-ki-nai-daren-vishesha-avadhi-para-milega-6-55-pratishata-taka-munapha-36005 TrendKia — Har trend, sabse pehle.