Union Monthly Plus! What are the benefits of this new recurring deposit scheme of Union Bank?

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#NewDelhi: Union Bank of India has launched a unique recurring deposit scheme. The new scheme of Union Bank of India is called Union Monthly Plus. Union Bank of India has introduced this new recurring deposit for low, middle and high salary customers. Different types of Union Bank of India customers can avail this new recurring deposit scheme. Customers will benefit through Union Bank of India’s new Union Monthly Plus Scheme.

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Through Union Bank of India’s new recurring deposit scheme Union Monthly Plus, customers will get the benefit of Step Up and Step Down options. To avail Union Bank of India’s new Recurring Deposit Scheme Union Monthly Plus, you need to open an account with Core Amount and deposit that amount every month. But customers will be able to increase that amount 10 times through the step up option. Customers can deposit money 10 times a month if they want. In this case, if the core amount is Rs. 1,00,000, customers will not be able to deposit more than 10 times a month.

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Through Union Bank of India’s new recurring deposit scheme Union Monthly Plus, customers will get the benefit of step down option. Through this, customers will be able to reduce the amount of deposit money. But money cannot be deducted from the core amount. Through Union Bank of India’s new Recurring Deposit Scheme Union Monthly Plus, customers are required to maintain a recurring deposit account for at least 6 months and the maximum time to operate this recurring deposit account is 60 months.

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Union Bank of India’s new Recurring Deposit Scheme Union Monthly Plus interest will be fixed quarterly, depending on the day-to-day product basis. TDS (Tax Deducted At Source) will be deducted from Union Bank of India’s new recurring deposit scheme Union Monthly Plus as per government guidelines. Union Bank of India’s new recurring deposit scheme will not incur any penalty if the deposit in Union Monthly Plus is delayed and the scheme is discontinued.

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