Welcome to Union Bank of India (UK) Ltd
**Please Note – Current Interest rates on all our Deposit products are applicable until 07-07-2020. New rates will be applicable w.e.f 08-07-2020. Kindly check for the latest interest rates before submitting any application'’ For any further information please contact us at +44 20 7332 4250

Term Deposits

Term Deposits are payable only on maturity. There is no cancelation period and no premature closure.

The bank will provide depositors with an option for auto renewal of the fixed term deposit or credit the maturity proceeds to their current or savings account on maturity date.

You cannot add additional amounts to your fixed term deposit but can open more than one fixed term deposit

The rate of interest is fixed for the entire period of the deposit;

The period of deposit can be chosen while opening the deposit;

Deposits are available in Sterling Pound, US Dollars and Euros

Various types of deposits available are:

Term Deposit

  • Interest will be paid gross on maturity*
  • Minimum Period 1 year and Maximum Period 5 years
  • Minimum Amount required for opening a deposit is GBP 1,000 and Maximum of £1 million.

Interest Pay out Deposit Schemes

Yearly Interest Pay out scheme:

  • Interest will be paid gross to the linked operative account on yearly basis*
  • Minimum Period 1 year and Maximum Period 5 years
  • Minimum Amount required for opening a deposit is GBP 1,000 and Maximum of £1 million.

* It will be your responsibility to declare the interest earned above Personal Savings Allowance (PSA) to HM Revenue and Customs. Further information can be found on HMRC website at www.hmrc.gov.uk

For interest rates offered on various maturities please download the latest rates available on our homepage.

We are here to help you

Union Bank of India (UK) Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority
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