Union Bank of India Flexi Account Interest Rate

What are the Union Bank of India Union Savings Flexi Deposit Account interest rates, can any one please provide here UBI Union Savings Flexi Deposit Account interest rates???

[Quick Sam]

Union Bank of India Union Savings Flexi Deposit Account details are as given below:

Union Savings Flexi Deposit Account

Period of Deposit

The Fixed period will vary between 46 days to 1 year.
In case of NRI Deposit, minimum period will be one year.

Rate of Interest

As applicable to Savings Bank Deposit and Fixed Deposit in force from time to time
Interest will be paid on a quarterly basis on the Fixed Deposit Flexi Account.

Types of flexi bank accounts

Many banks offer different types of flexi bank accounts and each have its own rules regarding the same.

There are two categories: one, flexi fixed deposit account and two, sweep account.

In a flexi account of Rs 100,000 for a year your flexi deposit will have Rs 70,000 earning you a 5 per cent interest or Rs 3,500 every year.

The remaining Rs 30,000 would remain in your savings account waiting to meet your everyday needs and at the same time earning 3.5 per cent interest or Rs 1,050.

I would like to have the brief about the Union Bank of India’s Flexi Account Interest Rate?

[sumit]

Union Bank’s Flexi Deposit Scheme you can sit back and settle down, while one enjoys the high returns of a Fixed Deposit in your regular Savings Account.

This all-new Deposit system has integrated features of the Savings Deposit and Fixed Deposit, namely liquidity with superior interest returns on surplus funds.

RATE OF INTEREST

As relevant to Savings Bank Deposit and Fixed Deposit in force from time to time. Interest will be paid on a periodical basis on the Fixed Deposit Flexi Account.

DEPOSIT RECEIPT

A Passbook will be issued to the depositor with all the particulars of SB Flexi Account, the linked FD Flexi Account, TDS adjustment if any etc

No separate Deposit Receipt shall be issued by the Bank for the Union Flexi Deposit system

OTHER FEATURES:

An worldwide Debit Card will be issued free of cost to all deposit holders under this scheme
Roll over of deposit on prime of life is permitted
Free Five chequebooks of 20 leaves each per financial year if effective balance in the account is Rs.50,000 or more during the time of event.
No charges for non upholding of non maintenance of bare minimum balance in the account
Nomination facility is accessible
TDS is pertinent on the deposits in the linked FD Flexi Account
No loan / overdraft / lien will be legitimate against the linked FD Flexi Account under this Scheme