FD Rates in Union Bank of India

Hello, I want to know the details of the FD rates of the Union Bank of India, will you please provide me?

[Rajkumar Agarwal]

Hello, here I am providing you the details of the FD rates of the Union Bank of India as under:

MARGINAL COST OF FUNDS BASED LENDING RATE (MCLR) WITH EFFECT FROM 1ST APRIL 2016
TENOR MCLR (%)
Overnight MCLR 9.25%
One month MCLR 9.30%
Three month MCLR 9.35%
Six month MCLR 9.45%
One year MCLR 9.50%
Two year MCLR 9.55%
Three year MCLR 9.60%

Base Rate w.e.f. 05/10/2015 9.65% .

Bench Prime Lending Rate [BPLR] w.e.f. 01/03/2016 14.25%

Period < Rs. 1 Cr Rs 1 Cr to Rs 10 Cr
7 day – 14 day 4 4
15 day – 30 day 4.75 4.5
31 day – 45 day 5.25 5
46 day – 90 day 6.5 6
91 day- 120 day 6.75 6.25
121 day to - 179 days 6.75 6.5
180 days 7 6.5
181 day to <1 Year 7.5 7.25
1 year 7.65 7.3
>1 Year - 3 Year 7.55 7
>3 year - 5 Year 7.5 7
>5 year - 10 Year 7.25 6.75

Minimum amount:-
Rs.10,000/- for FDR in Metro and Urban Branches and Rs.5,000/- in Rural and Semi urban branches, and for senior citizens the minimum amount will be Rs. 5000/-

ELIGIBILITY
Any Resident Individual - Single Accounts, Two or more individuals in Joint Accounts, Illiterate Persons, Blind persons, Purdanasheen Ladies, Minors, Associations, Clubs, Societies, etc. Trusts, Institutions/Agencies specifically permitted by the RBI eligible to open a ""Fixed Deposit Receipt" Account" in single/joint name/s.

Payment of Interest: (Subject to applicable TDS)
Interest will be paid on quarterly basis and in case the date of interest payment falls on holidays then on the next working day