Union Bank of India’s Fixed Deposits Foreign Currency refers to a financial product offered by the bank that allows individuals and businesses to deposit and earn interest on foreign currencies. In this type of deposit, the funds are held in a foreign currency of the customer's choice, such as US Dollars, Euros, or British Pounds. The deposit is locked in for a specific period, typically ranging from a few months to several years, with a predetermined interest rate. Fixed Deposits in Foreign Currency provide an opportunity for customers to diversify their investment portfolio and potentially earn higher returns in a different currency. Additionally, these deposits may offer benefits such as protection against exchange rate fluctuations and potential tax advantages, depending on the terms & conditions.

Union Bank of India’s NRI deposits offers specific features and benefits tailored to the needs of Non-Resident Indians. These deposits provide a secure and convenient way for NRIs to manage and grow their savings. Key features of Union Bank of India’s NRI deposits include attractive interest rates, flexible tenure options, and the ability to hold deposits in various currencies. Our NRI deposits are available in both fixed deposit and savings account formats, allowing NRIs to choose the option that best suits their financial goals. Additionally, these deposits often come with repatriation benefits, enabling NRIs to transfer their funds back to their home country when needed. NRI deposits provide a reliable and advantageous avenue for NRIs to preserve and grow their wealth while maintaining a strong connection to their home country.