Union Bank of India less than Rs 3 crore for its customers Fixed Deposit (FD) But interest rates have been cut. new rates 1 January 2025 Has come into effect from. The bank especially FD of 333 days But interest rates have been reduced. Let us know the complete information about the latest FD interest rates of Union Bank.
Senior citizens are getting more interest
Union Bank of India is giving higher interest to senior and super senior citizens than normal customers.
- senior citizen: at normal rates 0.50% additional interest.
- super senior citizen: at normal rates 0.75% additional interest.
Latest Interest Rates: Union Bank FD (FD up to Rs 3 crore)
| FD tenure | Interest Rate (% per annum) |
|---|---|
| 7-14 days | 3.50% |
| 15-30 days | 3.50% |
| 31-45 days | 3.50% |
| 46-90 days | 4.50% |
| 91-120 days | 4.80% |
| 121-180 days | 5.00% |
| 181 days to < 332 days | 6.35% |
| 333 days | 6.35% |
| 334 days to < 1 year | 6.35% |
| 1 year | 6.80% |
| >1 year to 398 days | 6.80% |
| 399 days | 7.00% |
| 400 days to 2 years | 6.60% |
| >2 years to 996 days | 6.60% |
| 997 days | 6.40% |
| 998 days to less than 3 years | 6.60% |
| 3 year | 6.70% |
| >3 years to 5 years | 6.50% |
| >5 years to 10 years | 6.50% |
Key Points to Keep in Mind
- Benefits of senior and super senior citizens,
- 0.50% and 0.75% higher interest, better option for long term investment.
- Reduction in rates on FD of 333 days,
- Bank reduced interest rates on 333 days FD 6.35% Is done.
- Highest interest on FD of 399 days,
- Interest rate on 399 days FD 7.00% which is the highest offering of the bank.
What to do before investing?
- FD tenure selection: Choose the tenure of FD as per your financial needs and goals.
- super senior benefits: If you are a senior or super senior citizen, avail higher interest rates.
- compare options: Compare FD rates of banks other than Union Bank.
- check flexibility: Understand the terms and penalties for breaking FD if needed.
