New Delhi. 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 maturing between 46 days to 90 days are now getting an interest rate of 4.50 percent. FDs maturing between 91 days to 180 days are offering an interest rate of 4.80 percent. FDs maturing between 181 days to less than 1 year are getting an interest rate of 6.25 percent.
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FD Rates for Senior Citizens
Senior citizens are being given an additional interest of 0.50 percent over and above the rates given to ordinary 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 higher interest to super senior citizens than the rates given to ordinary citizens. The maximum interest rate on FD of 399 days is 8 percent.
Tag: bank fd, FD Rates, Fixed deposit, Union Bank
first published : June 2, 2024, 7:46 PM IST
