Friday, December 9, 2022
Homeindia newsUnion Bank of India revises interest rates on fixed deposits (FDs), now...

Union Bank of India revises interest rates on fixed deposits (FDs), now offers up to 7.30%

Union Bank of India revises rates of interest on mounted deposits (FDs), now affords as much as 7.30%

Union Bank of India, one of many main public sector lenders, has revised the rates of interest on mounted deposits underneath 2 crore. The brand new charges are in impact as of as we speak, November 25, 2022, in keeping with the bank’s official web site. The bank at present affords an rate of interest on deposits maturing in 7 days to 10 years that vary from 3.00% to six.70% on account of the modification. Union Bank of India is now giving a most rate of interest of seven.30% on deposits with maturities of 800 days and three years, respectively.

Union Bank of India FD Charges

The bank at present affords a 3.00% rate of interest on deposits that mature in 7–45 days, whereas Union Bank of India now affords a 4.05% rate of interest on deposits that mature in 46–90 days. For FDs maturing in 91 to 120 days and 121 to 180 days, Union Bank of India is now offering rates of interest of 4.30% and 4.40%, respectively. Deposits maturing in 181 Days to 1 Yr will now fetch an rate of interest of 5.25% and people maturing in 1 Yr to 598 Days will now fetch an rate of interest of 6.30%.

On deposits maturing in 599 days, the bank is now providing an rate of interest of seven.00% and on these maturing in 600 days to 699 days, Union Bank of India is now providing an rate of interest of 6.30%. Present rates of interest supplied by Union Bank of India are 7.25% for FDs maturing in 700 days and 6.30% for these maturing in 700 days to 799 days.

Deposits that mature in 800 days will now earn 7.30% curiosity, whereas those who mature in 801 days to lower than 3 Years will now earn 6.30% curiosity. The bank is now giving an rate of interest of seven.30% on FDs maturing in 3 years, whereas Union Bank of India is now providing an rate of interest of 6.70% on FDs maturing in 3 Years to 10 Years.

View Full Picture

Union Bank of India FD Charges (unionbankofindia.co.in)

Union Bank of India has talked about on its web site that “The mixture worth deposited by a depositor for the same time frame shall be taken into consideration for figuring out the relevant charge of curiosity.”

In all of its home time period deposit programmes, Union Bank affords a function of an extra 0.50% over the usual rate of interest, that applies to resident senior residents on time period deposits as much as Rs. 5 crore. People who’ve reached the age of 60 are thought-about senior residents and are eligible for added curiosity.

Catch all of the Business news, Banking news and Updates on Stay Mint.
Obtain The Mint news App to get Each day Market Updates.

Extra
Much less

Editorial staff
Editorial staffhttps://www.universalpersonality.com
News07trends latest publishes news from the automobile, investment, real estate, technology, and related sectors. But in addition to that, we also cover lifestyle topics, like fashion, food, travel, and health. Along with all these, we also keep an eye on rising topics like cryptocurrency, startups, and venture capital.
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments