Union Bank of India Scheme: The Reserve Bank of India (RBI) once again cut the repo rate by 0.25 percent in December. After this latest cut, the total repo rate this year has been reduced by 1.25 percent. After reducing the repo rate, banks have also reduced the interest rates on FD. Public sector Union Bank of India has also implemented revision in FD interest rates from December 5. Today we are going to tell you about such an FD scheme of Union Bank of India, in which interest of Rs 14,325 can be earned by depositing just Rs 1 lakh.
Union Bank of India is giving interest up to 7.05 percent on FD
Union Bank of India is a government bank, which works under the Central Government. FD account can be opened in this government bank for a minimum period of 7 days, whereas FD can be opened for a maximum period of 10 years. Union Bank of India is now offering interest ranging from 2.75 percent to 7.05 percent on FD accounts. This bank is offering the highest interest ranging from 6.30 percent to 7.05 percent on 400 days special FD scheme. Union Bank of India is offering 6.00 percent interest on 2-year FD scheme to general citizens, 6.50 percent to senior citizens and 6.75 percent to very senior citizens (above 80 years of age).
Deposit Rs 1,00,000 and get fixed interest up to Rs 14,325
If you are a normal citizen and deposit Rs 1 lakh in a 2-year FD in Union Bank of India, then you will get a total of Rs 1,12,649 on maturity, which includes fixed interest of Rs 12,649. If you are a senior citizen and deposit Rs 1 lakh in a 2-year FD in Union Bank, then you will get a total of Rs 1,13,764 on maturity, of which there is a fixed interest of Rs 13,764. Similarly, if you are a super senior citizen, then by depositing Rs 1 lakh in a 2-year FD, you will get a total of Rs 1,14,325 on maturity, which includes fixed interest of Rs 14,325.
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