उत्पाद विवरण
बैंक का नाम
Union Bank of India
Eligibility
All individuals and HUF having PAN are eligible to invest in
this product.
Firms, Companies, Trust, Societies, Clubs, Institutions, Corporates etc., are not allowed to invest in this product.
The deposit can be of Single holder type or Joint holder type
ब्याज दर
6.50% per annum.
कार्यकाल
5 to 10 years.
सावधि जमा प्रकार
Tax Saver
Union Tax Saver
कर लाभ
Yes, tax exemption under Section 80C of the Income Tax Act, 1961.
साख दर
ICRA Limited A1+
ब्याज भुगतान आवृत्ति
Monthly, quarterly, half-yearly, at maturity. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.
संचयी/गैर-संचयी
Both
विशेषताएँ
Flexible interest payout options.
Tenure of 5 to 10 years.
The lock-in period is 5 years.
The term deposit can be pledged to secure a loan or as security to any other asset, only after the lock-in period of 5 years.
Minimum deposit of Rs.1000.
Maximum deposit of Rs.1,50,000 in a financial year.
न्यूनतम निवेश राशि
5,000
फीस और शुल्क
Pros
Tax exemption under Section 80C of the Income Tax Act, 1961.
Flexible interest payout options.
दोष
The maximum deposit amount in a financial year is Rs 1,50,000 for availing tax benefits.
Lock-in period of 5 years.
पक्ष विपक्ष
खाता खोलने की प्रक्रिया और प्रक्रिया
कैसे खोलें?
1. Visit a Union Bank of India Branch: Locate a branch near you and visit during their operating hours.
2. Gather Required Documents: Prepare the following documents:
Proof of Identity (Aadhaar card, passport, driving license, voter ID)
Proof of Address (Aadhaar card, passport, driving license, utility bill)
PAN card (Permanent Account Number)
Passport-sized photographs
3. Fill out the FD Application Form: Obtain an FD application form from the bank. Fill in the required details accurately, including:
Your personal information
Deposit amount
Interest payout frequency (monthly, quarterly, half-yearly, or annually)
Maturity period
Nomination details (optional)
4. Submit the Application and Documents: Hand over the completed application form and required documents to the bank official.
5. Make the Deposit: Pay the deposit amount in cash, cheque, or demand draft.
6. Receive the FD Receipt: Once the deposit is confirmed, you will receive an FD receipt as proof of your investment.
Application Procedure
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