How to Apply for a Union Bank Fixed Deposit (FD)
Union Bank was established in 1919 and is a highly well-reputed bank that has over 4,200 branches in India. The bank is headquartered in Mumbai and has been providing high-quality banking services.
It is very easy to apply for a Union Bank FD and this process can be initiated online. They offer a wide range of Fixed Deposit (FD) options such as short-term fixed deposits, monthly income schemes, tax saver FDs, etc.
The bank offers competitive interest rates on all FDs and provides a wide range of options to customers.
Stepwise Process to Apply for a Union Bank Fixed Deposit Online
Step 1: Visit the Union Bank of India website and log in to the internet banking portal by providing username and password
Step 2: Click open the fixed deposit option
Step 3: Fill in all relevant details
Step 4: Choose the amount and account from which the funds have to be debited. A confirmation message will be displayed once the deposit is booked.
Stepwise Process to Apply For a Union Bank Fixed Deposit Offline
Step 1: Go and visit the respective Union Bank branch
Step 2: Speak to the bank officer and ask for an FD application form
Step 3: Fill in all details. One can seek the help of the bank officer to fill the form in case there are any doubts or confusions.
Step 4: Submit copies of all documents required
Step 5: Deposit the money
Step 6: An FD receipt will be provided to the respective customer
Eligibility
All individuals, joint account holders, Hindu Undivided Families, etc. are eligible to open an FD in Union Bank. FDs can also be opened by those who are differently abled, blind or illiterate. However, minors cannot open an FD with Union Bank without having a legal guardian.
Documents Required For Union Bank Fixed Deposit
Identity proof:
- Passport
- Aadhaar card
- PAN card
- Voter ID card
- Driving Licence
- Government ID card
- Photo ration card
- Senior citizen ID card
Address proof:
- Passport
- Telephone bill
- Electricity bill
- Bank Statement with Cheque
- Certificate/ ID card issued by Post office
Apply for Other Banks FD
- Apply for SBI FD
- Apply for HDFC FD
- Apply for Axis Bank FD
- Apply for Post Office FD
- Apply for Canara Bank FD
- Apply for IDBI Bank FD
- Apply for Bank of India FD
- Apply for Bank of Maharashtra FD
- Apply for Indian Bank FD
- Apply for Central Bank of India FD
- Apply for IOB FD
- Apply for Abhyudaya Bank FD
- Apply for Oriental Bank FD
- Apply for IndusInd Bank FD
- Apply for Standard Chartered Bank FD
- Apply for Yes Bank FD
- Apply for Kotak Bank FD
- Apply for PNB FD
- Apply for RBL Bank FD
- Apply for HSBC Bank FD
- Apply for Bank of Baroda FD
- Apply for Federal Bank FD
FAQs on Union Bank FD Application
- What are the other methods of opening an FD in Union Bank?
Apart from internet banking and visiting the branch, an FD can also be booked through mobile banking. One can also call the '24x7 Call Centre'
- What is the eligibility criteria for internet banking?
All customers of Union Bank are eligible to avail internet banking services.
- Is it a must to have an active internet banking account to open an FD online?
Yes. Those who do not have an internet banking user ID and password can ask the bank for the same.
- What is the minimum and maximum tenure period for an FD held in Union Bank?
The minimum period is 7 days, while the maximum period is 10 years.
- Is there any fee or charges one has to pay for opening an FD?
No.
- Are there any mandatory documents customers have to furnish for opening an FD?
PAN, mobile number, and Aadhaar card details are a must and without these, in place, an FD cannot be opened. However, if the customer is already an account holder with the bank, there is no need to provide documentation as the bank already has all details.
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