2023 2024 Student Forum > Management Forum > Main Forum

 
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3rd January 2017, 09:03 AM
Super Moderator
 
Join Date: Aug 2012
Re: Union Bank Of India Fixed Deposit Rates

The Union Bank is a public-sector banking institution providing retail banking solutions to its customers.

Fixed deposits form a part of its retail product suite.

The shortest period of holding on offer is 30 days and features a 5.50% rate of return. Their 60 and 90 days deposit schemes provide 1.00% higher returns at 6.50%.

This is followed by the rate on the 120-day scheme, which stands at 6.75%.
The banks short-term schemes are rounded off at 7.25% for holdings of 6 and 9 months.

Union Bank Of India

Marginal Cost Of Funds Based Lending Rate With Effect From 1st December 2016 to till 31st December 2016

TENOR MCLR (%)
Overnight MCLR 9.05%
One month MCLR 9.10%
Three month MCLR 9.15%
Six month MCLR 9.25%
One year MCLR 9.30%
Two year MCLR 9.35%
Three year MCLR 9.40%

Base Rate w.e.f. 01/12/2016 9.55% .

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

For domestic deposits - Less than Rs. 1 cr (last revised on Jul 29, 2016)

Fixed deposit rates from Union Bank Of India:
Maturity Period Deposit Amount Interest Rate (% p.a.)
General Senior Citizen
7 days to 14 days Less than Rs. 1 cr 5.25 N.A
15 days to 30 days Less than Rs. 1 cr 5.5 N.A
31 days to 45 days Less than Rs. 1 cr 5.5 N.A
46 days to 90 days Less than Rs. 1 cr 6.5 N.A
91 days to 120 days Less than Rs. 1 cr 6.75 N.A
121 days to 179 days Less than Rs. 1 cr 6.75 N.A
180 days Less than Rs. 1 cr 7 N.A
180 days to less than 364 days Less than Rs. 1 cr 7.25 N.A
1 years Less than Rs. 1 cr 7.5 N.A
Above 1 years to 3 years Less than Rs. 1 cr 7.55 N.A
Above 3 years to 5 years Less than Rs. 1 cr 7.5 N.A
Above 5 years to 10 years Less than Rs. 1 cr 7.25 N.A


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short term

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