We all know that Andhra Bank and Corporation Bank are merged into Union Bank of India; A Government sponsored bank. UBI(Union Bank of India) has decades of history with strong customer-base.
Many Depositors shows interest to deposit their hard-earned money in government-run banks as they are relatively safer than private banks.
If you are a Union Bank of India customer and looking to deposit your hard-earned money in UBI, Let’s consider current interest rates-
Union Bank of India Fixed Deposit Interest Rates
|Period of Deposit||Interest Rate Applicable|
|7 days – 45 days||3%|
|3 Months(91 days) to 120 days||3.75%|
|121 days to 180 days||4.30%|
|Greater Than 6 Months But Less Than 1 Year||4.40%|
|Greater Than 1Years to 2 Years||5.10%|
|Greater Than 2 Years to 3 Years||5.30%|
|Greater Than 3 Year to 3 Year 14 days||5.40%|
|Exact 1111 days(Special Deposit Scheme)||5.50%|
|Greater Than 3 Year 15 days to 5 Years||5.40%|
|5 Years to 10 Years||5.50%|
These interest rates comes into effect from 9th April,2022 and is valid for deposits below 2 crores. If you are interested to do fixed deposit in union bank of india, rush to your bank branch and do so. You can even do F.D through Union Bank of India internet banking (inb)