Union Bank of India hikes interest rates on fixed deposit (FD): Details here

Union Bank of India FD Rates

For deposits that mature in 7 to 45 days, the bank will continue to give a 3.00% interest rate, and for deposits that mature in 46 to 90 days, Union Bank of India will continue to offer a 4.05% interest rate. Deposits maturing in 91-120 Days will now offer an interest rate of 4.30% which was earlier 4.10% a hike of 20 bps and deposits maturing in 121-180 Days will now offer an interest rate of 4.40% which was earlier 4.10% a hike of 30 bps.

The bank will now pay an interest rate of 5.25% on term deposits maturing in 181 days to one year, up from 4.60% before, and Union Bank of India has increased its interest rate on deposits maturing in one year from 5.35% to 6.30%. Union Bank of India will now give an interest rate of 6.60% on deposits that mature in 1 Year to 443 Days, and 6.70% on term deposits that mature in 444 Days.

Deposits that mature in 445 days to 598 days will now pay 6.60% interest, while deposits that mature in 599 days will now pay 7.00% interest. For deposits maturing in the next 600 days to two years, Union Bank of India will now give an interest rate of 6.60%, and for deposits maturing in the next two years to ten years, 6.70%.

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In all of its domestic term deposit programmes, Union Bank provides resident senior citizens with an additional rate over and above the standard interest rate on term deposits up to Rs. 5 crore. Domestic term deposits are subject to an additional rate benefit that is 0.50% higher than the standard rate.