Union Bank of India has launched a new retail FD scheme. UBI has named this residential fixed deposit scheme ‘Union Wellness Deposit’. In this great scheme, investors will get the benefits of FD as well as health insurance and lifestyle benefits. So, if you also want health and lifestyle protection along with safe investment, then this new scheme of Union Bank can prove to be amazing for you. Know the full details of this scheme.
Union Bank’s 375-day special FD
The duration of this scheme of Union Bank of India is 375 days. In this, general investors will get 6.75% annual interest and senior citizens will be given additional 0.50% interest. Customers can invest a minimum of ₹ 10 lakh and a maximum of ₹ 3 crore in it. Premature withdrawal and loan facility on FD is also available in this scheme. This is an attractive option for those investors who want both good returns and security in a short time.
Health insurance of ₹5 lakh and amazing benefits of RuPay Select Debit Card
The biggest feature of this scheme is the super top-up health insurance cover of ₹5 lakh for 375 days. It also includes the facility of cashless hospitalization. Apart from this, investors will also be given lifestyle benefits through the RuPay Select Debit Card. This is a unique offer that makes your investment even more beneficial. Now you don’t even have to worry about health.
Who can take advantage of this scheme
Resident Indians (individuals) aged 18 to 75 years can take advantage of this scheme. This facility is available in both single and joint accounts, but in joint accounts, insurance cover will be available only to the primary account holder. A fixed deposit is a safe investment option in which customers can deposit money together for a fixed period of time. This new scheme of Union Bank is giving health and lifestyle benefits along with security, which makes it even more special.