Union Bank of India increases Interest Rates on Term Deposits

Interest rates on Domestic/NRO Term Deposits (Below ₹2 crore) of 46-90 Days tenure increased by 55 bps to 4.05 % from 3.50 percent, tenure more than one year to two years is increased by 35 bps to 5.45 % from 5.10 %. And for tenure 181 days to less than one-year interest rate has been increased by 20 bps to 4.60 % from 4.40 % earlier.

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Union Bank of India has announced increase in Interest Rates on Term Deposits across all maturity buckets.

The revised rates would be applicable across various tenures for Domestic Term Deposits, Non-Resident Ordinary (NRO) and Non-Resident External (NRE) Term Deposits.

Interest rates on Domestic/NRO Term Deposits (Below ₹2 crore) of 46-90 Days tenure increased by 55 bps to 4.05 % from 3.50 percent, tenure more than one year to two years is increased by 35 bps to 5.45 % from 5.10 %. And for tenure 181 days to less than one-year interest rate has been increased by 20 bps to 4.60 % from 4.40 % earlier.

Interest Rate on NRE / NRO Rupee Term Deposits for below ₹2 crore for a period of 1 year is increased by 35 bps to 5.35 % from 5.00 %.

Interest Rate on Domestic / NRE / NRO Rupee Term Deposits below ₹2 crore has been increased by 20-55 bps across tenures.

Shares of Union Bank of India Ltd was last traded in BSE at ₹35.60 as compared to the previous close of ₹35.20. The total number of shares traded during the day was in over trades.

The stock last hit in BSE,

  • Intraday High of ₹ 37.15
  • Intraday low of ₹ 34.60