Fixed & recurring deposits

Union Tax Saver Deposit

Tax-saving deposit available through , or DRIC variants with a five-year lock-in and Section 80C deduction eligibility.

General rateAssured returns at the prevailing rate for the selected FDR, MIS or DRIC variant; no numeric rate is printed Senior-citizen rateNot published on the reviewed Union Tax Saver page; applicable Union Bank senior-citizen schedule applies where eligible Tenure / programmeFixed five-year lock-in for tax-saver deposits; FDR, MIS or DRIC variants may be selected

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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 / programmeFixed five-year lock-in for tax-saver deposits; FDR, MIS or DRIC variants may be selectedView source

The page identifies //DRIC options and the five-year tax-saver lock-in.

Source: Union Tax Saver
Page / section: Benefits and
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

General rateAssured returns at the prevailing rate for the selected FDR, MIS or DRIC variant; no numeric rate is printedView source

The page says returns follow applicable interest rates but does not publish a numeric figure.

Source: Union Tax Saver
Page / section: What does Union Tax Saver offer?
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Senior-citizen rateNot published on the reviewed Union Tax Saver page; applicable Union Bank senior-citizen schedule applies where eligibleView source

No separate senior-citizen rate appears on the product page.

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

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Minimum depositNot published on the reviewed Union Tax Saver page; selected FDR/MIS/DRIC rules control the deposit amountView source

The page publishes tax benefit and variants but no minimum amount.

Source: Union Tax Saver
Page / section: Complete minimum-deposit review
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Premature withdrawal / refund termsFive-year tax-saver lock-in; premature withdrawal is not available under the reviewed summary except scheme-specific death provisionsView source

The tax-saver product is presented as a long-term deposit with Section 80C benefit; variant terms control exceptions.

Source: Union Tax Saver
Page / section: Tax-saver terms
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Interest payout / redemptionFDR, MIS or DRIC payout follows the selected variant; no common payout schedule is printedView source

The page lists three variants but no single payout matrix.

Source: Union Tax Saver
Page / section: Complete payout review
Accessed: 4 Sept 2026
Confidence: high

Open official source ↗

Benefits and features

Choose , or DRIC variant
Section 80C deduction up to ₹1.5 lakh a year, subject to tax law
Assured returns at applicable deposit rates
Nomination facility

Eligibility

Applicable to individuals and Hindu Undivided Families; five-year lock-in and tax-law conditions apply.

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

Documents the bank lists

and identity/address proof
Tax-saver deposit application
Nomination and payment details

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Deposit maturity estimate

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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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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 Tax Saver Deposit

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 Short Deposit Receipt (SDR)