look news india
Union Bank of India has revised the interest rates on FDs. These rates have been revised for FDs up to Rs 2 crore and have come into effect from June 1, 2024. Union Bank of India is offering interest rates ranging from 3.5 per cent to 7.25 per cent on FDs.
Union Bank of India is giving 3.5 percent interest on FDs with a duration of 7 days to 45 days. The bank is giving 4.5 percent interest on FDs with a duration of 46 days to 90 days. If you make an FD with a duration of 91 days to 180 days, you will get 4.8 percent interest. You will get 6.25 percent interest on FDs with a duration of 181 days to 1 year.
The bank is giving 6.75 percent interest on FDs of 1 year to 398 days. The bank is giving the highest interest of 7.25 percent on FDs of 399 days. Those who make FDs of 400 days to 998 days will get 6.50 percent interest. FDs of 999 days will get 6.40 percent interest. FDs of 1000 days to 10 years will get 6.50 percent interest.
If you are a senior citizen, you will get an additional interest of 0.50 percent from the bank. In this way, senior citizens can get a maximum of 7.75 percent interest on FD of 399 days. Not only this, super senior citizens will get an additional interest of up to 0.75 percent. That is, they can get a maximum of 8 percent interest on FD of 399 days.
