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Period
Rates in % per annum
< Rs. 3 Cr
7-14 Days
3.50
15-30 Days
31-45 Days
46-90 Days
4.50
91-120 Days
4.80
121-180 Days
4.90
181 Days to < 1 year
6.25
1 year
6.75
>1 year to 398 Days
399 Days
7.25
400 Days to 2 year
6.50
> 2 year to 996 days
997 days
6.40
>998 days to less than 3 Years (except for 999 days @ 6.40)
3 years
> 3 Year to 5 years
>5 Years to 10 Years
Union Bank of India offers an additional rate component to resident senior and super senior citizens on term deposits up to Rs. 5.00 Crores in all of its domestic term deposits scheme.
The additional rate component, applicable to resident senior citizen deposits is 0.50% over and above the normal rates displayed above.
The additional rate component applicable to resident super senior citizens is 0.75% over and above the normal rate displayed above (0.25% over and above rate applicable to resident senior citizen). The additional rate on super senior term deposits would be applicable for the term deposits opened/renewed on or after 01.12.2022.
Credit Balance
Interest Rate (annual)
Up to Rs.50 Lakh
2.75%
> Rs.50 Lakh to Rs.100 Crore
2.90%
> Rs.100 Crore to Rs.500 Crore
3.10%
> Rs.500 Crore to Rs.1000 Crore
3.40%
> Rs.1000 Crores to Rs.1500 Crores
4.10%
> Rs.1500 Crores to Rs.2000 Crores
4.15%
Above RS.2000 Crores
4.20%
Interest will be calculated on daily product basis and will be credited every year on quarterly basis in the months of April, July, October and January.