UBI FD Interest Rates: Union Bank has revised the interest rates on fixed deposits. The bank is now offering up to 7.30 per cent interest on fixed deposits. After the revision, the interest rate on fixed deposits maturing in 7 days to 10 years is being provided in the range of 3.00 per cent to 6.70 per cent.
UBI FD Interest Rates : Union Bank of India, one of the leading public sector lender, has revised the interest rates on fixed deposits for amount less than 2 crores. According to the official website of the bank, the new rates have come into effect from today, November 25, 2022. After the revision, the interest rate on fixed deposits maturing in 7 days to 10 years is being provided in the range of 3.00 per cent to 6.70 per cent. Union Bank of India is now offering a maximum interest rate of 7.30 per cent on deposits with maturity of 800 days and 3 years respectively.
Union Bank of India FD Rates
The bank currently offers 3.00 per cent interest rate on deposits maturing in 7-45 days, while Union Bank of India now offers 4.05 per cent interest rate on deposits maturing in 46-90 days. For FDs maturing in 91 to 120 days and 121 to 180 days, Union Bank of India is now offering interest rates of 4.30 per cent and 4.40 per cent, respectively. Deposits maturing in 181 days to 1 year will now fetch an interest rate of 5.25 per cent and those maturing in 1 year to 598 days will now fetch an interest rate of 6.30 per cent.
On deposits maturing in 599 days, the bank is now offering an interest rate of 7.00% and on deposits maturing in 600 days to 699 days, Union Bank of India is now offering an interest rate of 6.30%. The current interest rates offered by Union Bank of India are 7.25% for FDs maturing in 700 days and 6.30% for those maturing in 700 days to 799 days.
Deposits maturing in 800 days will now fetch 7.30% interest, while deposits maturing in 801 days to less than 3 years will now fetch 6.30% interest. The bank is now offering an interest rate of 7.30% on FDs maturing in 3 years, while Union Bank of India is now offering an interest rate of 6.70% on FDs maturing in 3 years to 10 years.
Union Bank of India on its website mentions that “the aggregate value of deposits made by the depositor for the same period will be taken into account for determining the applicable rate of interest.”
Across all its domestic fixed deposit programmes, Union Bank offers an additional 0.50 per cent interest over the standard rate of interest, which is applicable to senior citizens on fixed deposits up to Rs 5 crore. Individuals who have reached the age of 60 years are considered as senior citizens and are eligible for additional interest.
