Union Bank of India, a public sector lender, has modified the rates of interest on mounted deposits under ₹2 crore. According to the financial institution’s official web site, the brand new rates of interest are efficient as of 14 September 2022. Following the revision, the financial institution is now offering an rate of interest on mounted deposits with maturities starting from 7 days to 10 years of three.00% to five.80 per cent. Currently, Union Bank of India is offering a most rate of interest of 6.20% on mounted deposits maturing in 5 Years, 1 Day.
Union Bank of India FD Rates
On mounted deposits maturing in 7 days to 45 days the financial institution will now provide an rate of interest of three.00% and on time period deposits maturing in 46 -90 days the financial institution will now provide an rate of interest of 4.05%. Fixed deposits maturing in 91-180 days will now fetch an rate of interest of 4.10% and time period deposits maturing in 181 days to lower than 1 12 months will now fetch an rate of interest of 4.60%. Union Bank of India will now provide an rate of interest of 5.35% on mounted deposits maturing in 1 12 months and the financial institution will now fetch an rate of interest of 5.45% on mounted deposits maturing in 1 12 months to 2 years.
The financial institution will now present an rate of interest of 5.50% on mounted deposits maturing in years to 749 days and a charge of 6.15% on mounted deposits maturing in 750 days. Fixed deposits with maturities between 750 days and three years will now pay curiosity at a charge of 5.50%, whereas time period deposits with maturities between three years and 5 years will now pay curiosity at a charge of 5.75%. For mounted deposits maturing in 5 years 1 day, Union Bank of India will now present an rate of interest of 6.20%, and the financial institution may also assure an rate of interest of 5.80% for mounted deposits maturing in 5 years 1 day to 10 years.
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Union Bank of India FD Rates (unionbankofindia.co.in)
The financial institution has talked about on its web site that “Union Bank affords a further charge element (over and above the conventional rate of interest relevant) to Resident Senior Citizen on time period deposit as much as Rs. 5 crore in all of its home time period deposit scheme. For charge of curiosity of time period deposits for Rs. 2 crores and above, please contact the closest department of our Bank. This further charge element, relevant to home time period deposits and is above 0.50% over the conventional charge.”
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