New FD Scheme: This bank launched a new retail FD scheme, health insurance will be available with FD

Union Bank of India: Union Bank of India has launched a new retail FD scheme. UBI has named the residential term deposit scheme as Union Wellness Deposit. In this, investors will get the benefits of health insurance and lifestyle benefits along with the benefits of fixed deposit.

Union Bank of India: Union Bank of India has launched a new retail FD scheme. UBI has named the residential term deposit scheme as Union Wellness Deposit. These investors will get the benefits of fixed deposit along with health insurance and lifestyle benefits.

Union Bank of India’s FD scheme

The period of Union Bank of India’s scheme is 375 days. In this, general investors will get 6.75% annual interest and senior citizens will get an additional 0.50% interest. Customers can invest a minimum of Rs 10 lakh and a maximum of Rs 3 crore in it. The facility of premature closure and loan on FD is also available in the scheme.

375 days FD scheme

The biggest feature of this scheme is the super top-up health insurance cover of Rs 5 lakh for 375 days, which includes the facility of cashless hospitalization. Apart from this, investors will also be given lifestyle benefits through RuPay Select debit card.

Who can avail the scheme

Resident Indians (individuals) between the ages of 18 and 75 can avail the benefits of this scheme. This facility is available in both single and joint accounts, but in joint accounts only the primary account holder will get health insurance cover. Fixed deposit is a safe investment option, in which customers can deposit money together in a fixed time.

The post New FD Scheme: This bank launched a new retail FD scheme, health insurance will be available with FD first appeared on informalnewz.

News