Interest Rate of Union Bank of India - 2018-2019 StudyChaCha

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Old May 17th, 2016, 11:29 AM
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Default Interest Rate of Union Bank of India

Hello sir I am here as I want to know what is the interest rate on Domestic Deposit of Union Bank of India so will you please tell me about this??
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Old May 17th, 2016, 12:26 PM
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Default Re: Interest Rate of Union Bank of India

Union Bank of India is one of the largest government-owned banks of India (the government owns 63.44% of its share capital).

It is listed on the Forbes 2000, and has assets of USD 13.45 billion.

Interest Rate on Domestic Deposit of this Bank

Period < Rs. 1 Cr Rs 1 Cr to Rs 10 Cr

7 day – 14 day 4.00 4.00

15 day – 30 day 4.75 4.50

31 day – 45 day 5.25 5.00

46 day – 90 day 6.50 6.00

91 day- 120 day 6.75 6.25

121 day to - 179 days 6.75 6.50

180 days 7.00 6.50

181 day to <1 Year 7.50 7.25

1 year 7.65 7.30

>1 Year - 3 Year 7.55 7.00

>3 year - 5 Year 7.50 7.00

>5 year - 10 Year 7.25 6.75

-Interest rates are subject to change. Hence depositor will ascertain the rates as on the date of placement from the website.

-Aggregate value of deposits placed by a depositor on the day for an identical tenor will be taken for deciding applicable interest rate.

-For Interest Rates for deposits of more than Rs 10 Crs, please contact Banks nearest branch
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