Union Bank FD Scheme 2025: Earn Up to 7.25% Interest with 375-Day Deposit Plan
If you are looking for a safe and rewarding investment option, Union Bank of India has introduced an attractive fixed deposit plan that offers both financial growth and health protection. The newly launched 375-day Union Wellness Deposit Scheme is designed to give investors steady returns along with a health insurance cover, making it a unique choice for secure savings.
Union Bank’s 375-Day Wellness Deposit – A Dual Benefit Plan
Fixed deposits have always been a trusted investment option for Indian savers. Even though most banks have recently revised their FD rates downward following the RBI’s repo rate cut, Union Bank of India has come forward with an exclusive scheme that stands apart.
The Union Wellness Deposit Scheme not only provides competitive interest rates but also includes health insurance coverage, ensuring both financial and physical well-being for depositors. The plan is open to individuals aged between 18 and 75 years.
Key Highlights of the Union Wellness Deposit Scheme
- Tenure: 375 days
- Minimum Deposit: ₹10 lakh
- Maximum Deposit: ₹3 crore
- Interest Rate (General): Up to 6.75% per annum
- Interest Rate (Senior Citizens): Up to 7.25% per annum
- Eligibility: Only for Indian residents (NRIs not eligible)
- Health Insurance Coverage: Up to ₹5 lakh
- Additional Benefits: RuPay Select Debit Card with lifestyle offers
Loan and Withdrawal Flexibility
The bank allows customers to take a loan against the fixed deposit or close it prematurely if needed. This flexibility makes it easier for investors to access funds during emergencies without losing complete interest benefits. The scheme also includes a Super Top-Up Health Insurance that provides cashless hospitalization services at partner hospitals.
Insurance Benefits and Coverage Details
One of the key attractions of this scheme is the integrated health insurance cover of up to ₹5 lakh. However, in the case of a joint account, the insurance benefit applies only to the primary account holder. It’s important to note that this insurance cover is valid only once during the initial term of the deposit and does not renew upon FD renewal or extension.
Terms and Conditions to Note
- The insurance cover is directly linked with the FD account.
- Nominee details must be provided at the time of opening the account.
- Insurance benefits are available only during the original tenure of the FD.
- NRI customers are not eligible to apply under this scheme.
Union Bank FD Scheme 2025 – Interest Rate and Benefit Overview
| Particulars | Details |
|---|---|
| Scheme Name | Union Wellness Deposit Scheme |
| Tenure | 375 Days |
| Minimum Deposit | ₹10 lakh |
| Maximum Deposit | ₹3 crore |
| Interest Rate (General) | 6.75% p.a. |
| Interest Rate (Senior Citizens) | 7.25% p.a. |
| Health Insurance Coverage | Up to ₹5 lakh |
| Loan Facility | Available |
| Premature Withdrawal | Permitted |
| Eligibility | Indian Residents Only |
| Insurance Validity | Only for First Deposit Term |
Union Bank FD Scheme – A Perfect Blend of Safety and Wellness
The Union Wellness Deposit Scheme by Union Bank of India is an excellent opportunity for those who wish to earn steady returns while securing their health. With attractive interest rates, easy withdrawal options, and built-in health coverage, it caters to the dual needs of savings and protection.
Disclaimer
The information provided above is for general awareness and informational purposes only. Investors are advised to verify the latest details and terms directly with Union Bank of India before making any investment decisions.
