Union bank of india fd rates

The fixed deposit (FD) is one of the most popular investment products and one of the main reasons for this is that compared to many other investments the returns earned on FDs does not change due to market volatility. In an FD, you put a lump sum amount in your bank account for a fixed time period at a fixed rate of interest. At the end of the FD tenure, you receive the amount you have invested along with the compound interest after deducting TDS if applicable. Updated on Tue Jun 13 2023 Name of the bank General Citizen Senior Citizen 3.00% to 7.10% 3.50% to 7.60% 3.00% to 7.25% 3.50% to 7.75% 3.00% to 7.10% 3.50% to 7.60% 3.00% to 6.75% 3.50% to 7.25% 2.75% to 7.20% 3.25% to 7.70% 3.50% to 7.80% 4.00% to 8.30% 3.50% to 7.25% 4.00% to 7.75% 4.00% to 7.25% 4.00% to 7.75% 3.50% to 7.10% 3.50% to 7.85% 3.00% to 7.05% 3.50% to 7.55% 3.50% to 7.75% 4.00% to 8.25% Updated on Tue Jun 13 2023 Name Of The Bank Tenure General Citizen Senior Citizen 600 days (1 year, 7 months, 20 days) 8.00% 8.50% 36 months 8.00% 8.50% Above 3 years 2 days up to < 5 years 8.25% 8.75% 24 months to less than 36 months 7.50% 8.00% 18 months 1 day 3 years 7.75% 8.25% Above 2 Yrs 3 Yrs 7.75% 7.75% 2 years 9 months to 3 years 3 months 7.50% 8.00% 18 Month Less then 36 Months 7.75% 8.25% 732 days to less than 36 months 7.50% 8.00% 444 Days 7.50% 8.00% Updated on Tue Jun 13 2023 Name of the bank Tenure General Citizen Senior Citizen 5 Years New 9.10% 9.60% 1001 days 9.00% 9.50% 888 days 8.50% 9.00% 2 years t...

After four consecutive repo rate hikes by the Reserve Bank of India (RBI), several banks have raised interest rates on fixed deposits (FDs). The State Bank of India (SBI) HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank are among those lenders that have hiked interest on term deposits recently. Canara Bank and Union Bank of India have also revised their term deposit rates. Since May 2022, several government, private and small finance banks have increased the interest rates on FDs and savings accounts. Canara Bank latest FD rates Canara Bank raised its interest rates for all tenors and is currently providing an interest rate on deposits maturing in 7 days to 10 years that range from 3.25% to 7.00% for the general public and 3.25% to 7.50% for senior citizens. According to the bank's, the new rates are effective from 7 October 2022.

Union Bank Fixed Deposit (FD) Interest Calculator Union Bank FD Calculator is now a helpful tool that every depositor must utilize, regardless of how modest or significant the sum invested is. The online calculators will assist you in determining the interest on the fixed deposit and the maturity amount received at the end of the selected tenure. Best Investment Options • Save upto ₹46,800 in tax under Sec 80C • Inbuilt Life Cover • Tax Free Returns Unlike FD+ *All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply + Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023 ~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ How does a Union Bank FD Calculator work? Fixed deposit with Union Bank of India is a terrific method to save funds for an extended period. If you want to receive your money back safely while earning an excellent ROI, then a Union Bank FD is the best option. It is now effortless to check the Union Bank of India FD rate of interest and make judgments. The size of the investment, the period, the interest rate, and the frequency with which interest is calculated all play a role in FD profitability. Investors that already know what kind of return they want can tweak these factors to get it. In this case, the Union Bank FD Calculator rates are beneficial. Accordingly, Union Bank FD Calculator rates are described below: Maturity term Non-Senior Citizen...

Senior & Super Senior Citizen Benefit in any term deposit scheme Union Bank of India offers an additional rate component (over and above the normal interest rate applicable) to resident Senior and Super senior citizens on term deposits up to Rs. 5.00 Crores in all of its domestic term deposits scheme. For rate of interest of term deposits for RS. 2 Crores and above, please contact the nearest branch of our bank. The additional rate component, applicable to resident senior citizen term deposits is 0.50% over the rate applicable to normal rates. The additional rate applicable to resident super senior citizen term deposits is 0.75% over the rate applicable to normal rates for the term deposits opened/renewed on or after 01.12.2022. ELIGIBILITY : Any person who has completed the age of 60 years and 80 years is treated as a senior citizen and super senior citizen respectively, for obtaining the benefit of the additional interest. JOINT ACCOUNT: Senior or Super Senior Citizen may deposit jointly with other persons below the age of 60 or 80 respectively, with benefit of additional rate of interest. In such cases the name of the senior/super senior citizen is to be given as the first name in the application. NRI Senior/Super Senior Citizens are not eligible for the benefit of additional interest available to resident super senior citizen. DOCUMENTATION: At the time of opening a new deposit account, the Senior/super senior citizen may produce any of the following documents as proof...

Effective interest rates (Rates in % per annum) from 23.05.2023 Period Rates in % per annum 1 year to 398 Days 6.30 399 Days 7.00 400 Days to 2 year 6.30 > 2 year to less than 3 years 6.30 3 years 6.50 > 3 Year to 5 years 6.70 >5 Years to 10 Years 6.70 Union Bank of India offers an additional rate component to resident senior and super senior citizens on term deposits up to Rs. 5.00 Crores in all of its domestic term deposits scheme. The additional rate component, applicable to resident senior citizen deposits is 0.50% over and above the normal rates displayed above. The additional rate component applicable to resident super senior citizens is 0.75% over and above the normal rate displayed above (0.25% over and above rate applicable to resident senior citizen). The additional rate on super senior term deposits would be applicable for the term deposits opened/renewed on or after 01.12.2022. • Interest rates are subject to change. Therefore the depositor website will ensure the rates up to the date of deposit. • The aggregate value deposited by a depositor for a similar period of time shall be taken into account for determining the applicable rate of interest.. • Please contact our nearest branch for deposit of 2 crores and above. The interest is calculated on a daily basis and is credited on a quarterly basis every year in the months of April, July, October and January. Date 16.06.2022 Savings Bank Deposit Rates will be effective. credit balance interest rate (annual) Up to...

Union Bank of India recently revised the interest rates of its fixed deposits (FDs) for amounts less than Rs 2 crore. The new interest rates are effective from May 23, 2023, according to the Union Bank website. Latest Union Bank of India FD interest ratesUnion Bank of India is offering an interest rate of 3 per cent on fixed deposits maturing between seven to 45 days. The interest rate offered for FDs maturing between 46 days to 90 days, is now offering 4.05 per cent. The fixed deposits maturing between 91 days to 180 days, will fetch an interest of 4.30 per cent. For FDs with a tenure of 181 Days to less than 1 year will get an interest rate of 5.35 per cent. Period Rates in % per annum 1 year to 398 Days 6.3 399 Days 7 400 Days to 2 year 6.3 > 2 year to less than 3 years 6.3 3 years 6.5 > 3 Year to 5 years 6.7 >5 Years to 10 Years 6.7 Source: Bank website According to the Union Bank of India website, “The additional rate component applicable to resident super senior citizens is 0.75% over and above the normal rate displayed above (0.25% over and above rate applicable to resident senior citizen). The additional rate on super senior term deposits would be applicable for the term deposits opened/renewed on or after 01.12.2022.” The highest interest rate offered to super senior citizens is 7.75 per cent on tenure of 399 days. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.