Fixed Deposit Rate of Union Bank Of India

Tenure Interest Rates for Regular Deposit Interest Rates for Senior Citizen
7 days to 14 days 5.00% 5.50%
15 days to 30 days 5.00% 5.50%
31 days to 45 days 5.00% 5.50%
46 days to 90 days 5.50% 6.00%
91 days to 120 days 6.25% 6.75%
121 days to 179 days 6.25% 6.75%
180 days 6.50% 7.00%
181 days to 9 months 29 days 6.50% 7.00%
10 months to 1 year 2 months 6.75% 7.25%
1 year 2 months 1 day to 3 years 6.50% 7.00%
3 years 1 day to 5 years 6.50% 7.00%
5 years 1 day to 10 years 6.50% 7.00%

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This government owned bank which has its branches spread across India is helping hundreds of thousands save efficiently for their future through its FD scheme.

Saving the Right Way

While there are many investment options available in the Finance sector, Fixed Deposits are preferred the most. This is due to the fact that Fixed Deposits have been in existence for a long time and conventional and even non-conventional Indians seek to invest in a good FD scheme. That is what the Union bank of India offers. Being one of the largest and influential banks in India, the bank services thousands of its customers, guiding them to invest in their future in the right way through their Fixed Deposit scheme.

Why invest in an FD?

The brand value of the Union Bank of India has earned them a loyal customer base. This Indian bank offers outstanding benefits to minors, women and senior citizens who invest in their fixed deposit scheme. Namely, senior citizens are given a higher rate of interest in comparison with the other investors. The tenure of the fixed deposit is fixed by the customer as well. Starting from a period of just 7 days, a customer can invest any amount for a maximum of ten years. The rate of interest for his deposit will vary accordingly. The higher the tenure, more the rate of interest.

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