Union Bank of India has given in to the temptation of opening a new fixed deposit scheme for the year 2025, which is going to last for 999 days and is going to pay outstanding interest rates as well as safe profits. This option is perfect for such investors who want to park their money for a short term and get better yields compared to regular FDs.
What Is the 999-Day Special FD Scheme?
The 999-Day Special Deposit Scheme is an exclusive and time-bound fixed deposit program launched by Union Bank that aims to attract customers with higher interest rates for a certain number of days. It is meant for deposits below ₹2 crores and caters to the needs of both ordinary and elderly investors. The plan offers a good mix of liquidity and returns, making it an intelligent choice for risk-averse savers.
Latest Interest Rates – Effective July 2025
| Category | Interest Rate (p.a.) |
|---|---|
| General Citizens | 6.30% |
| Senior Citizens | 6.80% |
Key Features & Benefits
- Fixed Tenure: 999 days (approximately 2 years and 9 months)
- Minimum Deposit: ₹1,000
- Maximum Deposit: ₹1.99 crore
- Senior Citizen Benefit: Additional 0.50% interest
- Premature Withdrawal: Permitted with penalty
- Auto-renewal Option: Offered on maturity
This scheme is suitable for those who are looking to store their excess funds for a defined period and gain more than the savings account or the short-term FD interest rates.
Senior Citizen Advantage
A discount of 0.50% interest is given to seniors, which makes their effective rate 6.80%, a rate that is very attractive in the current market. This certainly is a lucrative deal for the retired people who are in search of safe, income-generating investments.
Final Thoughts
2025 Union Bank 999-Day Special Deposit Scheme is one of the secured and profitable investment options that both senior and regular depositors can resort to. Interest rate as high as 6.80%, flexible withdrawal terms, and strong institutional support make it a clever way to increase your savings. If you are in the market for a short-term deposit that offers high returns and low risk, this scheme is worth your consideration.
