The interest rates on Fixed deposits offered by Union Bank of India are a bit disappointing if we compare them with what other banks have with them to offer us. Fortunately, the threshold in case of this bank is 5 crore (rather than 1 crore in most of the banks) from where the interest rates take a huge drop (interest rates are lower than the normal investment up to five years).
For senior citizens, the rate of interest varies because of an additional 0.75 percent which is fairly good in comparison with most of the banks which give 0.50 percent only. The highest of the high rate of interest offered is 6.85% for investment for more than a year up to 10 years.
For more than 5 crores it drops down to – percent flat as discussed for the same period (1-10 years). There seems absolutely no point in investing money for less than 3 months because you get decent 5.50 percent for 3 months and more. If you go for 91 days precisely, you get an extra 0.50 percent. Below interest rates are effective from 28 November 2018.
Don’t Miss: Federal Bank Fixed deposit interest Rates
Union Bank of India Fixed Deposit Interest Rates February 2019 (domestic):
| Time Period | Interest Rate For Amount Below 1 Crore | Interest Rate For Amount 1-10 Crore |
| 7 Days to 14 Days | 5.00% | Contact Branch |
| 15 Days to 30 Days | 5.00% | “ |
| 31 Days to 45 Days | 5.00% | “ |
| 46 Days to 60 Days | 5.50% | “ |
| 61 Days to 90 Days | 5.50% | “ |
| 90 Days to 120 Days | 6.25% | “ |
| 120 Days to 180 Days | 6.25% | “ |
| 180 Days | 6.50% | “ |
| 181 Days to 270 days | 6.50% | “ |
| 271 Days to 1 year | 6.75% | “ |
| 1 Year | 6.75% | “ |
| 1 Year to 2 Years | 6.70% | “ |
| 2 Years to 3 Years | 6.70% | “ |
| 3 Years to 5 Years | 6.85% | “ |
| 5 Years to 10 Years | 6.85% | “ |
| Above 10 Years | 6.85% | “ |
Union Bank of India NRE fixed deposit interest rates February 2019:
| Maturity Period | Below 1 Crore | 1 Crore to 10 Crore | Above 10 Crore |
|---|---|---|---|
| 1 Year | 6.75% | Contact Branch | Contact Branch |
| 1 Year to 3 Years | 6.70% | “ | “ |
| 3 Years to 5 Years | 6.85% | “ | “ |
| 5 Years to 10 Years | 6.85% | “ | “ |
Table Updated: 19 Febraury 2019
From Table, you can observe for the period above one years union bank provides constant fixed deposit interest rates.
Important notes:
- To deposit above 10 crores, you have to visit the nearest branch.
- No interest will be paid for closing deposits before 1 year in case of NRE deposits.
Union Bank of India Fixed Deposit Interest Calculator
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To get more details about union bank fixed deposit rates, please visit official website. check out more @ http://www.unionbankofindia.co.in/interest_rate.aspx
I want to invest 100000 for fixed deposit for six month pleas let me kmow your condition
Send me latest fixed deposit rate on this email I want to open fd. .For one year and three years
As a senior citizen I want to invest 10 lakhs for 1 year . What will be the rate of Interest?
I want to invest 3 lakes in uni. what will be the
interest I will receive per month.
You can calculate by using this tool https://www.bankindia.org/fixed-deposit-calculator
I want to invest 4 lakhs. Please give me the latest fd rates. I am also a sr citizen.
I am retired senior citizen, I want to open FD for monthly income.
amount rs. 2500000/- what will be the monthly interest. form 15-H is applicable for me so there is no TDS. Please reply. THANKS,
I m retired just now, what is the best plan for sr.citizen for 10.00 lacs for monthly income. Thanx
We intend to invest funds under monthly / quarterly interest in fixed deposits. What are rates for senior citizens? Period of investment. We have savings bank account with Union Bank of India, J.V.P.D.Scheme branch.
Very disappointing rates…Harassment in paying interest in fd accounts….Carelessness in work in public work…