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Deposit Rates
Preferential Rate is as given below


Domestic Term Deposits Rate:
The revised interest rates for Domestic Term Deposits effective from 01.12.2016 would be as under:

Interest Rates of Domestic Term Deposit (Rate of interest in % p.a)

1. 7 days to 14 days 4.00 4.00
2. 15 days to 29 days 4.00 4.00
3. 30 days to 45 days 4.00 4.00
4. 46 days to 60 days 4.00 4.00
5. 61 days to 90 days 4.50 4.50
6. 91 days to 180 days 5.00 4.50
7. 181 days to 269 days 5.75 4.50
8. 270 days to less than 1 year 6.25 4.50
 9  1 Year
6.75 5.00
10. Above 1 year to less than 2 years 6.75* 5.00
11. 2 years to less than 3 years 6.75* 5.00
12. 3 years to less than 5 years 6.50* 5.00
13. 5 years and above 6.50* 5.00
*The Rate applicable to all senior citizens including Retired Staff of age 60 years and above will be 0.50% over the rate payable for above 1 year tenors.

The proposed rates shall be made applicable to fresh deposits and renewal of term deposits. The Interest rate on UBI Tax Saving Schemes and NRE/NRO Deposits shall be aligned as per the above proposed rates for Domestic Retail Term Deposits. But, no staff benefit will be applicable for United Tax Savings Deposit Scheme. The revised rates of Interest shall also be made applicable to Domestic Term Deposits from Co-operative banks. However, no additional benefit of interest rate related to Staff of Senior Citizen will be applicable on NRE/NRO deposits.


Premature Withdrawal – The instructions in respect of premature withdrawal of Retail Term Deposits will be same as under:

  • If Term Deposit is closed prematurely within 7 days from the date of deposit:
    No Interest will be paid.
  • If closed prematurely beyond 7 days and withdrawn the deposit: 1% penalty will be levied on the rate of interest applicable for the period the deposit remained with the Bank.
  • If prematurely withdrawn for reinvesting the deposit for a period longer than the residual period of the original deposit, interest will be paid at the rate applicable on the date of original deposit for the period for which the deposit remained with the Bank, without applying any penalty of 1%.
  • If the term deposit is renewed by premature withdrawal for a period shorter than the remaining period of the deposit, penalty will be charged @ 1%.
  • Minimum tenure of NRE deposit is one year and no interest is payable on premature closure of NRE term deposit before one year.

There is no discretion for reduction / waiver of penalty for premature withdrawal of Term Deposits.

Premature payment of Bulk Term Deposits: Premature Penalty for Bulk Term Deposits for all tenors will be 1%. There is no discretion for reduction / waiver of penalty for premature withdrawal of Term Deposits.

Interest Rates on Term Deposits of Rs. 1.00 crore and above:

The Branches / RO should obtain prior clearance from GM(Treasury) Head Office for accepting single deposits of Rs. 1.00 Crore and above even at Card Rates.
You have a wide range of choice of deposits through as many as 10 different schemes offered by UBI. You may select them according to your best suited mode of meeting.
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