Union Bank of India Revises Interest Rates On Fixed Deposit: Check New Rates Here
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Union Bank of India Interest Rates On Regular Deposits
Following the most recent revision, the bank is now offering an interest rate of 3.00% on deposits maturing in 7 to 45 days. For deposits maturing in 46 days to 90 days and 91 days to 120 days, the bank is providing an interest rate of 3.50% and 3.75% respectively. Union Bank of India is offering an interest rate of 4.30%, 4.40%, 5.00%, and 5.10% on deposits maturing in 121 to 180 days, 181 days to less than 1 year, 1 year, and 1 year to less than 2 years. On deposits maturing in 2 years to 3 years and 3 years to 5 years, regular customers will get an interest rate of 5.30% and 5.40%. On long-term deposits maturing in 5 years to less than 10 years, the bank is now offering an interest rate of 5.50% respectively.
| Period | Interest Rate |
|---|---|
| 7 – 14 Days | 3.00% |
| 15 – 30 Days | 3.00% |
| 31 – 45 Days | 3.00% |
| 46 – 90 Days | 3.50% |
| 91 – 120 Days | 3.75% |
| 121 to 180 Days | 4.30% |
| 181 Days to less than 1 Year | 4.40% |
| 1 Year | 5.00% |
| >1 Year to 2 Years | 5.10% |
| >2 Year to 3 Years | 5.30% |
| >3 Years to 5 Years | 5.40% |
| >5 Years to 10 Years | 5.50% |
| Source: Bank Website, W.e.f 1.09.2021 |
Union Bank of India Interest Rates On FD For Senior Citizens
Senior citizens will continue to get an additional card rate of 0.50% on their deposits. For a deposit amount of less than Rs 2 Cr, the following are the most recent interest rates on fixed deposits of Union Bank of India.
| Period | Interest Rate |
|---|---|
| 7 – 14 Days | 3.50% |
| 15 – 30 Days | 3.50% |
| 31 – 45 Days | 3.50% |
| 46 – 90 Days | 4.00% |
| 91 – 120 Days | 4.25% |
| 121 to 180 Days | 4.80% |
| 181 Days to less than 1 Year | 4.90% |
| 1 Year | 5.50% |
| >1 Year to 2 Years | 5.60% |
| >2 Year to 3 Years | 5.80% |
| >3 Years to 5 Years | 5.90% |
| >5 Years to 10 Years | 6.00% |
| Source: Bank Website, W.e.f 1.09.2021 |
Note
Union Bank of India has mentioned the following important points on its website which is a must-read by the investors.
- Interest rates are subject to change. Hence depositors will ascertain the rates as on the date of placement from the website.
- Aggregate value of deposits placed by a depositor on the day for an identical tenor will be taken for deciding the applicable interest rate.
- For interest rates for deposits of Rs. 2 Crores and above, please contact the nearest branch.
- Interest is calculated on a daily product basis and is credited on a quarterly basis in the months of April, July, October and January every year.
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