Fixed & recurring deposits

Union Monthly Plus Recurring Deposit

Flexible recurring deposit with a ₹100 starting core amount, step-up/step-down contributions, loan facility and nomination.

General ratePrevailing Union Bank recurring/term-deposit rate applies; no numeric rate is printed on the reviewed product page Senior-citizen rateNot published on the reviewed Monthly Plus page; current Union Bank senior-citizen schedule applies where eligible Tenure / programmeFlexible recurring deposit; the reviewed product page does not publish one fixed tenure range

Official product page ↗Compare category

✓ 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 / programmeFlexible recurring deposit; the reviewed product page does not publish one fixed tenure rangeView source

The page explains flexible contributions and core amount but does not state one universal tenure range.

Source: Union Monthly Plus
Page / section: Complete tenure review
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

General ratePrevailing Union Bank recurring/term-deposit rate applies; no numeric rate is printed on the reviewed product pageView source

The page publishes contribution mechanics but no numeric interest rate.

Source: Union Monthly Plus
Page / section: Complete rate review
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Senior-citizen rateNot published on the reviewed Monthly Plus page; current Union Bank senior-citizen schedule applies where eligibleView source

No separate senior-citizen rate is printed on the product page.

Source: Union Monthly Plus
Page / section: Complete senior-rate review
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Minimum deposit₹100 core amount; monthly investment may be stepped up to 10 times the core amount and cannot exceed ₹1 lakhView source

The page states investment starts at ₹100, gives a 10× step-up example and caps monthly investment at ₹1 lakh.

Source: Union Monthly Plus
Page / section: Benefits and step-up
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Premature withdrawal / refund termsNot published on the reviewed Monthly Plus page; applicable recurring-deposit premature-closure schedule controlsView source

The page publishes contribution flexibility and loan/nomination but no penalty table.

Source: Union Monthly Plus
Page / section: Complete premature-closure review
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Interest payout / redemptionMaturity/redemption terms are selected under the applicable recurring-deposit schedule; no separate payout table is printedView source

The page focuses on flexible monthly contributions and does not print a payout matrix.

Source: Union Monthly Plus
Page / section: Complete payout review
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Benefits and features

Start from ₹100 core amount
Step-up monthly investment up to 10 times core amount
Monthly investment capped at ₹1 lakh
Step-down allowed but not below core amount
Loan and nomination facility

Eligibility

Individuals meeting Union Bank deposit-account requirements; recurring amount and period are selected at opening.

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

Documents the bank lists

and identity/address proof
Deposit account and nomination details

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Recurring-deposit estimate

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Money added every monthThe amount you plan to put in each month.₹five thousand rupees₹100₹5,00,000Yearly 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₹3,55,284three lakh fifty-five thousand two hundred eighty-four rupees

Money you put in₹3,00,000three lakh rupees

Interest earned₹55,284fifty-five thousand two hundred eighty-four 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

Scroll sideways to view every column

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 Monthly Plus Recurring Deposit

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Recurring-deposit estimate

Find the exact published value

Complete rates, limits and schedules

Related products

Union Short Deposit Receipt (SDR)

Union Tax Saver Deposit