Union Bank of India hikes interest rates on fixed deposits (FDs): Details here

Union Bank Of India FD Rates

For deposits maturing in 7 to 45 days, the bank will continue to offer 3.00% interest rate, and for deposits maturing in 46 to 90 days, Union Bank of India will continue to offer 4.05% interest rate. Deposits maturing in 91-120 days will now be offered an interest rate of 4.30% from 4.10% earlier, an increase of 20 bps and deposits maturing in 121-180 days will now be offered an interest rate of 4.40% Which was an increase of 4.10% earlier. of 30 bps.

The bank will now pay an interest rate of 5.25% on fixed deposits maturing in one year from 181 days, from 4.60% earlier, and Union Bank of India has increased its interest rate on deposits maturing in one year from 5.35% 6.30%. , Union Bank of India will now offer an interest rate of 6.60% on deposits maturing in 1 year to 443 days and 6.70% on fixed deposits maturing in 444 days.

Deposits maturing in 445 days to 598 days will now attract 6.60% interest, while deposits maturing in 599 days will now attract 7.0% interest. For deposits maturing in the next 600 days to two years, Union Bank of India will now offer an interest rate of 6.60%, and for deposits maturing in ten years from the next two years, 6.70%.

In all its domestic fixed deposit programmes, Union Bank allows resident senior citizens up to Rs. 50 million. Domestic Fixed Deposits are subject to an additional rate benefit which is 0.50% over and above the standard rate.