According to the information given by the bank on its website, the new rates have come into effect from September 14. Let us tell you that the bank gives interest of 3 to 6.20 percent on FD to its customers. The bank has told on the website that senior citizens are given additional interest as compared to the common people.
There is good news for the customers of Union Bank of India. The bank has changed the interest rates on its fixed deposits of less than Rs 2 crore. According to the information given by the bank on its website, the new rates have come into effect from September 14. Let us tell you that the bank gives interest of 3 to 6.20 percent on FD to its customers. The bank offers FDs ranging from 7 days to 10 years.
The bank has told on the website that senior citizens are given additional interest as compared to the common people. The bank gives the highest interest of 6.20 percent to the common people, but it is not given on the longest term but on FDs maturing in 5 years 1 day. Let’s see other interest rates of the bank.
Interest rate on FD
Union Bank gives 3% interest on FDs maturing in 7-14, 15-30 and 31-45 days. At the same time, customers get an interest of 4.05 percent on FDs maturing in 46-90 days. The bank gives interest at the rate of 4.10 per cent on FDs of 91-120 and 121-180 days. The bank gives an interest of 4.60 per cent on FDs with tenures ranging from 181 days to less than 1 year. The bank gives 5.35 percent interest on 1 year FD.
Interest rates on FDs of more than 1 year The bank gives 5.45 percent interest on FDs of more than 1 year and up to 2 years. The bank gives 5.50 percent interest on FDs of more than 2 years and up to 749 days. The bank gives 6.15 percent interest on FD of 750 days.
The bank gives 5.50 percent interest on FDs of more than 750 days to 3 years. On FDs of more than 3 years to 5 years, customers get 5.75 percent interest. Customers get the highest interest of 6.20 percent on FDs maturing in 5 years 1 day. After this, an interest of 5.80 percent is given to the customers on the FD of the last tenor i.e. more than 5 years 1 day to 10 years.
FDs above Rs 2 crore The bank has stated on its website that these interest rates are effective on FDs of less than Rs 2 crore. If the customer wants to invest more than Rs 2 crore in FD, then he has to approach his nearest Union Bank branch.
