Archive · 2 Jun 2025
Union Bank Launches Wellness Deposit Scheme with Health Benefits
Imagine you can put your money in a special savings account at Union Bank and get extra perks!
It's called 'Union Wellness Deposit'.
You put in a chunk of money for 375 days, and the bank pays you interest.
Plus, you get some cool extras!
One of those extras is health insurance that helps pay for your hospital bills.
The other is a special debit card with lifestyle benefits.
You can open this account if you're between 18 and 75 years old.
Union Bank of India launched 'Union Wellness Deposit' scheme.
The scheme combines fixed deposit benefits, health insurance, and lifestyle perks.
The deposit has a fixed tenure of 375 days.
It offers an interest rate of 6.75% per annum, with an extra 0.50% for senior citizens.
The scheme includes a ₹5 lakh Super Top-up Health Insurance cover and lifestyle benefits via RuPay Select Debit Card.
- Who
- Union Bank of India launched the scheme.
- What
- A new retail term deposit scheme called 'Union Wellness Deposit'.
- When
- Not specified.
- Where
- Not specified.
- Why
- To combine fixed deposit benefits with health insurance and lifestyle perks.
- Scheme Name
- 'Union Wellness Deposit'
- Tenure
- 375 days
- Interest Rate
- 6.75% per annum
- Senior Citizen Interest
- Additional 0.50%
- Minimum Investment
- ₹10 lakh
- Maximum Investment
- ₹3 crore
- Insurance Cover
- ₹5 lakh Super Top-up Health Insurance
- Eligibility
- Resident individuals aged 18 to 75