Union Bank of India FD: Deposit Rs. 1,00,000 and get Rs. 22,239 Interest
The Reserve Bank of India cut the repo rate by 1.25 percent this year, bringing the repo rate down to 5.25 percent. When the repo rate is reduced, the loan interest rates as well as the interest earned on FDs also come down. However, despite the 1.25 percent cut in the repo rate this year, many banks are still offering attractive interest rates on FD schemes. Today, we will tell you about one such FD scheme of Union Bank of India, in which you can get a fixed interest of up to Rs 22,239 by depositing just Rs 1 lakh.
Union Bank of India is a government-owned bank offering interest rates ranging from 2.75 percent to 7.05 percent on FD accounts. You can open an FD account with Union Bank of India for a minimum tenure of 7 days to a maximum of 10 years. This government bank is offering 400-day special FD scheme with the highest interest rate of 6.30 percent to general citizens, the highest rate of 6.80 percent to senior citizens, and the highest rate of 7.05 percent to super senior citizens. Union Bank of India is offering a fantastic interest rate of 6.00 percent to General Citizens, 6.50 percent to Senior Citizens, and 6.75 percent to Super Senior Citizens on 3-year tenure FD schemes.
If you are a general citizen and deposit Rs 1 lakh in a 3-year FD with Union Bank of India, you will get a total of Rs 1,19,562 on maturity, which includes a fixed interest of Rs 19,562. If you are a senior citizen and deposit Rs 1 lakh in a 3-year FD in Union Bank of India, you will get a total of Rs 1,21,341 on maturity, which includes a fixed interest of Rs 21,341. Similarly, if you are a senior citizen and deposit Rs 1 lakh in a 3-year FD with Union Bank of India, you will get a total of Rs 1,22,239 on maturity, which includes a fixed interest of Rs 22,239.
