Fixed Deposit Rates : In the new year, Union Bank of India has given a shock to its crores of customers. The bank has reduced the interest rates on FDs of less than Rs 3 crore. According to the Union Bank website, the new interest rates have come into effect from January 1, 2025. The bank has reduced the interest on FDs of 333 days. Check the latest interest rate.
Senior citizens are getting more interest
Senior citizens are getting an extra interest of 0.50% over and above the normal rates. The bank is paying 0.75% more interest for super senior citizens. Union Bank of India is offering an interest rate of 3.5% to the general public on FDs maturing in seven to 45 days. FDs maturing in 46 days to 90 days are now getting an interest rate of 4.50%.
Union Bank of India FD interest rates – For FDs up to Rs.3 crore
| Period | Rates in percentage per annum (%) |
| On FDs less than Rs 3 crore | |
| 7-14 days | 3.50 |
| 15-30 days | 3.50 |
| 31-45 days | 3.50 |
| 46-90 days | 4.50 |
| 91-120 days | 4.80 |
| 121-180 days | 5.00 |
| 181 days to < 332 days | 6.35 |
| 333 days | 6.35 |
| 334 days to < 1 year | 6.35 |
| 1 year | 6.80 |
| >1 year to 398 days | 6.80 |
| 399 days | 7.00 |
| 400 days to 2 years | 6.60 |
| > 2 years to 996 days | 6.60 |
| 997 days | 6.40 |
| >998 days to less than 3 years (excluding 999 days at 6.40) | 6.60 |
| 3 year | 6.70 |
| > 3 years to 5 years | 6.50 |
| >5 years to 10 years | 6.50 |
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