State Bank of IndiaUnion Bank of India

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State Bank of India

State Bank of India

Public

4.3/5 Rating

State Bank of India (SBI) is the largest public sector bank in India, established in 1955, and has been serving the nation for over six decades. As a flagship banking institution, SBI offers comprehensive banking services including savings accounts, current accounts, personal loans, home loans, business loans, fixed deposits, and investment options. With a presence in over 500 cities, more than 24,000 branches, and an extensive ATM network of over 60,000 machines across India and internationally, SBI is the primary choice for retail, corporate, and institutional banking. SBI provides digital banking solutions through its mobile app (YONO) and net banking platform, enabling customers to perform all banking transactions from the comfort of their homes. The bank offers competitive interest rates on fixed deposits, attractive loan products, and wealth management services. SBI also provides NRI banking facilities, locker services, forex services, and insurance products. As a DICGC-insured bank, SBI ensures deposit safety up to ₹5 lakh. The bank has earned multiple awards for digital banking innovation, customer service excellence, and financial stability. SBI is listed on both NSE and BSE with stock symbol SBIN. The bank's commitment to financial inclusion, digital transformation, and customer-centric services has made it the most trusted banking institution in India.

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Union Bank of India

Union Bank of India

Public

3.9/5 Rating

Union Bank of India is a major public sector bank established in 1919, providing comprehensive banking and financial solutions to retail, corporate, and institutional customers. With over 100 years of banking heritage, Union Bank of India operates more than 6500 branches and 8000+ ATMs across India and internationally, ensuring convenient access to banking services. The bank offers a diverse portfolio of financial products including savings accounts, current accounts, recurring deposits, fixed deposits, personal loans, home loans, business loans, educational loans, and investment options. Union Bank of India provides advanced digital banking platforms with internet banking, mobile banking, and UPI services, enabling customers to access their accounts anytime, anywhere. The bank maintains competitive interest rates on savings accounts and fixed deposits, with special rates for senior citizens and women customers. Union Bank of India offers specialized services such as locker facilities, forex services, NRI banking, insurance products, and wealth management solutions. The bank has a strong commitment to financial inclusion, small business financing, and supporting underbanked communities. As a DICGC-insured bank, customer deposits are fully protected. Union Bank of India has received awards for digital transformation, customer service, and sustainable banking practices.

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Feature
State Bank of India
Union Bank of India
Bank Type
Public
Public
Overall Rating
4.3
3.9
Total Branches
24000
6500
International Presence
Video KYC
Instant Account Opening
Locker Facility
Forex Services
NRI Banking

FD Interest Rates Comparison

State Bank of India

TenureRateSenior
7 Days - 45 Days4.90%5.40%
46 Days - 90 Days5.15%5.65%
1 Year6.50%7.00%

Union Bank of India

TenureRateSenior
1 Year5.80%6.30%

State Bank of India — Services

  • Home Loans
  • Personal Loans

Union Bank of India — Services

  • Home Loans

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State Bank of India vs Union Bank of India 2026 | Compare Branches, FD Rates & Services