Union Bank Latest FD Rates 2024: If you also want to invest in UBI’s Fixed Deposit Scheme, this is big news for you. The Union Bank of India has announced an increase in the interest rates on its fixed deposits (FD). Let us see the complete details of UBI’s Latest FD Rates in 2024.
Union Bank Latest FD Rates 2024:
The Union Bank of India has recently increased fixed deposits (FDs). Union Bank has increased the interest rate on FDs of select maturities. These rates have come into effect from 27 May 2023. If you are a customer of Union Bank, then you need to know what are the new FD interest rates. Let us understand the current slab of Union Bank Latest FD Rates 2024.
UBI New Fixed Deposit Interest Rates 2024
According to the information available on the website of the Union Bank of India (UBI), the revised interest rates have become effective from 27 December 2023. Let us see the complete details of UBI’s New Fixed Deposit Interest Rates for 2024.
Union Bank FD Interest Rates of Domestic/NRO deposits of less than Rs 2 crore
| Tenors | Interest Rates for Regular Customer | Interest Rates for Senior Citizens |
|---|---|---|
| 7 days to 14 days | 3.00% | 3.50% |
| 15 days to 30 days | 3.00% | 3.50% |
| 31 days to 45 days | 3.00% | 3.50% |
| 46 days to 90 days | 4.05% | 4.55% |
| 91 days to 120 days | 4.30% | 4.80% |
| 121 days to 180 days | 4.40% | 4.90% |
| 181 days to less than 1 year | 5.25% | 5.75% |
| 1 year | 6.75% | 7.25% |
| Above 1 year to 398 days | 6.75% | 7.25% |
| 399 days | 7.25% | 7.75% |
| 400 days to 2 years | 6.50% | 7.00% |
| Above 2 years to 3 years | 6.50% | 7.00% |
| Above 3 years to 5 years | 6.50% | 7.00% |
| Above 5 years to 10 years | 6.50% | 7.00% |
Useful news for Union Bank of India customers!
Union Bank has increased interest rates by 25 basis points. These new FD rates have been implemented from December 27, which have been increased for FDs of less than Rs 2 crore. Let us tell you that the interest received on FDs is taxable.
The interest mentioned above rates are effective from 27 December 2023. UBI can change the interest rates without prior notice. For more information visit the official website of the Union Bank of India “www.unionbankofindia.co.in/“.