United Bank of India is one of the top govt sector banks which provides good interest rates on fixed deposits. For short period, the bank offers quite low-interest rates. For the Fixed deposit below 45 days, the interest rate is only 4%, that is the same as for normal saving accounts.
Even the interest rates are not greater than 6.50% for the deposits up to one year which is low as compared to other public sector banks in India. Further, the interest rate is 6.25% for above one year. So, a united bank of India offers a constant interest rate for above one year.
In other hands, the interest rate for senior citizens is the same as for other normal fixed deposit accounts. But, extra .50% is applicable for fixed deposits above one year. The below are effective from 14 December 2018.
United Bank of India Fixed Deposit Interest Rates chart for February 2019:
| TIME PERIOD | INTEREST RATES ( % p.a.) | |
|---|---|---|
| Below 1 crore | Above 1 crore | |
| 7 Days to 14 Days | 4.00% | 4.00% |
| 15 Days to 30 Days | 4.00% | 4.00% |
| 31 Days to 45 Days | 4.00% | 4.00% |
| 46 Days to 60 Days | 4.00% | 4.00% |
| 61 Days to 90 Days | 4.50% | 4.50% |
| 91 Days to 180 Days | 5.00% | 4.50% |
| 181 Days to 270 days | 5.75% | 4.50% |
| 271 Days to 1 year | 6.00% | 4.25% |
| 1 year | 6.50% | 4.35% |
| 1 Year to 2 Years | 6.25% | 4.25% |
| 2 Years to 3 Years | 6.25% | 4.25% |
| 3 Years to 5 Years | 6.00% | 4.25% |
| 5 Years to 10 Years | 6.00% | 4.25% |
Table updated: 19 February 2019
Important Notes:
- .50% extra interest on above rate is available for senior citizens for deposit time above 1 year.
- 1% extra interest is payble to ubi staff and retired staff. 1.50% extra interest will be paid to UBI senior citizen staff.
- Minimum deposit period is 1 year for NRE deposits, no interest will be paid for closing fd account before 1 year.
United Bank of India Fixed Deposit Interest Calculator
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Check out more details from official bank site @http://www.unitedbankofindia.com/english/RatesDeposit.aspx
sir i want open FD for 5 years . i am already sbi account holder. i want to spent 4000000rs. please give detailed information
THE ABOVE RATE OF FD RATES FOR 1-2 YEARS SHOWS 8.5%, BUT WHILE VISITED THE BRANCH, THEY OFFERED 8.25%. WHY??
I think they offered 7.25. They revised interest rates on fixed deposit.
sir,
I am a pensioner & i want to know that i have got 15lacs rupees with me from my husbands account through various dept.& other sources,he is no more & i want to make a single fixed deposit of that.I don’t know much about TDs System let me suggest in this matter how & what to do.
check out on https://www.bankindia.org/2014/05/income-tax-on-bank-fixed-deposit-interest-in-india.html