Fixed Deposit Rates: Union Bank of India has revised the interest rates on its FDs for amounts less than Rs 2 crore. According to the bank’s website, the new interest rates are effective from June 1, 2024.
Fixed Deposit Rates: Whenever there is talk of savings, the name of Fixed Deposit i.e. FD definitely comes up. Your investment in fixed deposit is safe, along with this you get guaranteed returns. If you also want to invest in FD, then the public sector Union Bank of India is giving a special opportunity. The bank has revised the interest rates on fixed deposits of less than Rs 2 crore. According to the bank’s website, the new interest rates are effective from June 1, 2024.
Union Bank of India is offering an interest rate of 3.5 percent to the general public on FDs maturing between 7 to 45 days. FDs between 46 days to 90 days are now getting an interest rate of 4.50 percent. The bank is offering 4.80 percent interest on FDs maturing between 91 days to 180 days. FDs maturing between 181 days to less than 1 year are getting 6.25 percent interest.
FD rates for senior citizens
Senior citizens are being given an additional interest of 0.50 percent in addition to the rates given to general citizens. The maximum interest rate given to senior citizens is 7.75 percent for 399 days.
FD rates for super senior citizens
The bank is giving 0.75 percent more interest to super senior citizens than the rates given to general citizens. The maximum interest rate on FDs of 399 days is 8 percent.
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