Union Bank of India has updated the interest rates on FDs of less than Rs 3 crore.
According to the bank’s website, the new rates took effect on August 1, 2024.
Union Bank of India offers a 3.5 percent interest rate to the general public on FDs maturing between 7 to 45 days.
FDs maturing between 46 to 90 days now earn an interest rate of 4.50 percent.
FDs maturing between 91 to 180 days offer an interest rate of 4.80 percent.
FDs maturing from 181 days to less than 1 year have an interest rate of 6.25 percent.
Senior citizens are getting more interest
Senior citizens receive an additional 0.50% interest on top of the standard rates.
The highest interest rate available to them is 7.75% for FDs with a maturity of 399 days.
Super Senior Citizen FD Rates
The bank offers an additional 0.75% interest for super senior citizens.
The highest interest rate for a 399-day FD is 8%.
Union Bank of India FD interest rates – For FDs up to Rs.3 crore
| Period | Rates in percentage per annum (%) |
| On FDs less than Rs 3 crore | |
| 7-14 days | 3.50 |
| 15-30 days | 3.50 |
| 31-45 days | 3.50 |
| 46-90 days | 4.50 |
| 91-120 days | 4.80 |
| 121-180 days | 5.00 |
| 181 days to < 332 days | 6.35 |
| 333 days | 7.40 |
| 334 days to < 1 year | 6.35 |
| 1 year | 6.80 |
| >1 year to 398 days | 6.80 |
| 399 days | 7.25 |
| 400 days to 2 years | 6.60 |
| > 2 years to 996 days | 6.60 |
| 997 days | 6.40 |
| >998 days to less than 3 years (excluding 999 days at 6.40) | 6.60 |
| 3 year | 6.70 |
| > 3 years to 5 years | 6.50 |
| >5 years to 10 years | 6.50 |
