You can open an FD account in Union Bank of India for a minimum period of 7 days and a maximum period of 10 years.
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Union Bank of India Savings Scheme: The Reserve Bank of India has cut the repo rate by 1.00 percent this year. RBI had reduced the repo rate in February, April and June. But in August it was decided to keep the repo rate stable at 5.50 percent. After the RBI reduced the repo rate, all the banks also reduced the interest rates of FD. Public sector Union Bank of India also cut the interest rates of FD scheme. However, Union Bank is still getting great interest on FD.
Union Bank of India is getting maximum interest of 7.35 percent on FD
In Union Bank of India, you can open an FD account for a minimum period of 7 days and a maximum period of 10 years. Union Bank of India is a government bank, which is offering interest ranging from 3.40 percent to 7.35 percent on FD. Today we will tell you about such an FD scheme of Union Bank, in which you can get fixed interest of up to Rs 30,908 by depositing only Rs 2 lakh.
This government bank is giving interest ranging from 6.50 percent to 7.25 percent on 2-year FD.
The public sector Union Bank of India is giving the highest interest of 6.60 percent to general citizens, 7.10 percent to senior citizens and 7.35 percent to super senior citizens on FD schemes of different tenures. In Union Bank of India, general citizens are getting 6.50 percent interest, senior citizens are getting 7.00 percent and super senior citizens are getting 7.25 percent interest on 2-year FD.
If you deposit Rs 2,00,000, you will get a fixed interest of Rs 30,908 on maturity
If you are a general citizen and deposit Rs 2 lakh in a 2-year FD in Union Bank, then you will get a total of Rs 2,27,528 on maturity, which has a fixed interest of Rs 27,528. If you are a senior citizen and deposit Rs 2 lakh in a 2-year FD in Union Bank, then you will get a total of Rs 2,29,776 on maturity, which has a fixed interest of Rs 29,776. Similarly, if you are a super senior citizen, then on depositing Rs 2 lakh in a 2-year FD, you will get a total of Rs 2,30,908 on maturity, which includes a fixed interest of Rs 30,908.
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