Fixed Deposit Rates : Union Bank of India has revised the interest rates on FDs of less than Rs 2 crore. According to the Union Bank website, the new interest rates have come into effect from June 1, 2024.
Union Bank of India is offering an interest rate of 3.5 percent to the general public on FDs maturing between seven to 45 days. FDs between 46 days to 90 days are now getting an interest rate of 4.50 percent. It is offering 4.80 percent interest on FDs maturing between 91 days to 180 days. FDs from 181 days to less than 1 year are getting 6.25 percent interest.
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FD Rates for Senior Citizens
Senior citizens are getting an extra interest of 0.50% over and above the normal rates. The maximum interest rate given to senior citizens is 7.75 percent for 399 days.
Super Senior Citizen FD Rates
The bank is offering 0.75 percent more interest for super senior citizens. The maximum interest rate on FD of 399 days is 8 percent.
Union Bank FD Rates – Here are the interest rates for general citizens and senior citizens
| Time Period | General public | Senior Citizen |
| 7 days – 14 days | 3.50% | 4% |
| 15 days – 30 days | 3.50% | 4% |
| 31 days – 45 days | 3.50% | 4% |
| 46 days – 90 days | 4.50% | 5% |
| 91 days – 120 days | 4.80% | 5.30% |
| 121 days – 180 days | 4.90% | 5.40% |
| 181 days to <1 year | 6.25% | 6.75% |
| 1 year | 6.75% | 7.25% |
| 1 year – 398 days | 6.75% | 7.25% |
| 399 days | 7.00% | 7.50% |
| 400 days to 2 years | 7.25% | 7.75% |
| 2 years to 3 years | 6.50% | 7% |
| 3 years to 5 years | 6.50% | 7% |
| 5 years to 10 years | 6.50% | 7% |
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