Union Bank of India FD Scheme: Know how much interest you get on your investment
Union Bank of India Is a Government Bank. It works under the central government. This year RBI has cut 1% in the repo rate. For this, Banks have reduced their interest Rate. However, Union Bank of India has reduced its FD interest rate. But this bank gives an amazing interest rate to its customers, after the reduction in interest. Today we discuss the FD schemes, in which you will invest Rs 2 lakhs and get Rs 85,049 fixed interest.
In Union Bank, you can invest FD for 7 days to 10 years. This bank offers 3.40% to 7.35% interest. This government bank is giving the highest interest on the 3-year FD scheme. Union Bank of India is giving 6.70% interest to general citizens, 7.10% interest to senior citizens, and 7.35% interest to super senior citizens. As the same as, this govt bank is giving 6.40% interest to general citizens, 6.90% interest to senior citizens, and 7.15 % interest to super senior citizens on 5-year FD schemes.
IF you are a general citizen and you invest Rs 2 lakh in a 5-year FD, you will get Rs 2,74,729 on maturity. Rs 74,772 is the fixed interest. In the case of senior citizens, you got Rs 2,81,568. Your interest amount is Rs 81,568. On the other hand, if you are a super senior citizen, you will get Rs 2,85,049, and your interest rate is Rs 85,049.
