Union Bank Of India RD

I want to know the Recurring Deposit Interest Rates of Union Bank of India so can you please tell me?

[Shaleen]

Union Bank of India is one of the largest government-owned banks of India. The bank was established on 11 November 1919. It head quartered in Mumbai.

Union Bank of India Recurring Deposit Interest Rates

This deposit works like a regular RD scheme. Anyone can open this deposit for as low as Rs. 50 per month. The tenure period range between 6 months to 120 months, in multiples of 1 month.

Tenure Less than 1 crore 1 crore to 10 crore
180 days 7.00% p.a. 6.50% p.a.
181 days to less than a year 7.50% p.a. 7.25% p.a.
1 year 7.65% p.a. 7.30% p.a.
Above 1 year - 3 years 7.55% p.a. 7.00% p.a.
Above 3 years - 5 years 7.50% p.a. 7.00% p.a.
Above 5 years - 10 years 7.25% p.a. 6.75% p.a.

Short term RD accounts comprise of those tenures that range between 6 months to 1 year.

Your interest rate depends on the size of your deposit.

Deposits of less than Rs. 1 crore earn interest of 7% to 7.75% per annum.

Deposits of Rs. 1 crore to Rs. 10 crore earn between 6.5% to 7.65% per annum.

Marginal Cost Of Funds Based Lending Rate (MCLR) With Effect From 1st May 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%

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

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

Contact details-

Union Bank Bhavan, 239,
Vidhan Bhavan Marg, Nariman Point,
Mumbai - 400 021, Maharashtra, India