Fixed & recurring deposits

Union Short Deposit Receipt (SDR)

Short-term Union Bank deposit receipt with up to 179 days under the SDR product and loan/nomination facilities.

General ratePrevailing Union Bank rate Tenure / programmeShort-term deposits can run from 7 days to 2 years; SDR investment is up to 179 days Interest payout / redemptionMaturity payout follows the selected term-deposit instruction; no separate SDR payout matrix is published

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✓ Manually checked 4 Sept 2026 · active

Offered byUnion Bank of India

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Tenure / programmeShort-term deposits can run from 7 days to 2 years; SDR investment is up to 179 daysView source

The page publishes the 7-day to 2-year short-term context and 179-day SDR maximum.

Source: Short Deposit Receipt (SDR)
Page / section: Duration
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

General ratePrevailing Union Bank rateView source

The states that short-term deposit interest is at the prevailing rate.

Source: Short Deposit Receipt (SDR)
Page / section: Interest-rate
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Interest payout / redemptionMaturity payout follows the selected term-deposit instruction; no separate SDR payout matrix is publishedView source

The reviewed page contains no payout table.

Source: Short Deposit Receipt (SDR)
Page / section: Complete payout review
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Benefits and features

Short-term investment
Loan facility
Nomination facility
Tenure context from 7 days to 2 years for short-term deposits; SDR itself up to 179 days

Eligibility

Depositor must meet Union Bank term-deposit and account-opening requirements.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

and identity/address proof
Deposit application and nomination details

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Deposit maturity estimate

See how much the deposit may be worth at the end. You can change the bank's published rate to test another case.

Money deposited onceThe amount you plan to place in the deposit today.₹one lakh rupees₹1,000₹1,00,00,000Yearly interest rateThe percentage the deposit earns in one year.%0.5%15%How long you keep itThe period before the deposit reaches maturity. months3 months120 months

Money at maturity₹1,38,042one lakh thirty-eight thousand forty-two rupees

Money you put in₹1,00,000one lakh rupees

Interest earned₹38,042thirty-eight thousand forty-two rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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ProductChoose column

Monthly Plus · TypeFlexible recurring deposit

This value is copied from Union Bank term deposits — published terms. Check the table notes before relying on it.

Source: Term Deposit Products & Schemes — Union Bank of India · Catalogue and linked detail pages Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 3 rows · 6 columnsUnion Bank term deposits — published termsView tableHide table

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Union Bank term deposits — published terms
Product	Type	Tenure	Minimum / contribution	Rate	Special terms
Monthly Plus	Flexible recurring deposit	Flexible; no universal range published	₹100 core; step-up up to 10×; max ₹1 lakh/month	Prevailing rate	Step-down not below core; loan and nomination
SDR	Short fixed deposit receipt	7 days–2 years short-term context; SDR up to 179 days	Not published	Prevailing rate	Loan and nomination
Union Tax Saver	Tax-saving //DRIC	5-year lock-in	Not published	Variant's prevailing rate	Section 80C deduction up to ₹1.5 lakh, nomination

Current rate sheets and detailed deposit-policy terms control figures not printed on the product pages.

Term Deposit Products & Schemes — Union Bank of India · Catalogue and linked detail pages · accessed 4 Sept 2026Open official source ↗

Union Short Deposit Receipt (SDR)

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Deposit maturity estimate

Find the exact published value

Complete rates, limits and schedules

Related products

Union Monthly Plus Recurring Deposit

Union Tax Saver Deposit