All are aware that bank fixed deposits(FD)interest rates are declining in recent times and there is a belief that it might fall further!
Do you have surplus money but worried on the falling interest rates?Don’t worry! You can still gain higher returns, but the only condition to be met is “You have to deposit your money for 1111 Days“.
As there is a chance that interest rates falls steeply in the coming years, there is no alternative except to unlock this offer. To know more read the full details below-
| Description | Details |
| Product Name | Union Green Deposit |
| Purpose of The Deposit | 1. Saving Stationery cost and to Promote digital transactions 2.Invests in ESG(Environmental, Social and Governance)Framework projects on your behalf |
| Opened Through | “U-Mobile” app only |
| Period of Deposit | 1111 Days |
| Amount Acceptable | 50,000 Rupees(Minimum) to 1,99,99,999 rupees(Maximum) |
| Rate of Interest | 5.50% |
| Additional Rate of Interest | 1 .Senior Citizens-0.50% 2. Retired Staff-1.50% 3.Staff-1.00% |
| Interest Calculation Types | 1. For “DRIC Schemes” interest will be calculated Quarterly compounded and paid at the end of the tenure 2. For “FDR Schemes” interest will be paid monthly as per the instruction given by the customer |
| Penalty | 1% would be charged for premature closure of the deposit |
| Auto-Renewal Permitted | No. The Maturity Proceeds will be credited directly to the linked savings a/c |
So if you are a Union Bank Customer and wants to grab the offer, invests in the “Union Green Deposit” Scheme through your “U-Mobile app”
Do remember that Nomination Facility is available at the time of opening this a/c. So why late? Make use of this scheme
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