2 banks modify FD rate of interest; provide to 8%

Union Bank of India, a public sector bank has actually just recently modified it set deposit (FD) rates of interest for less than Rs 2 crore. The private-sector lending institution. Karnataka Bank has actually likewise modified its FD rate of interest with result from January 20, 2024. Union Bank of India’s newest FD rates Union Bank of India is using a rate of interest of 3.5% on an FD developing in between 7 days and 14 days. For an FD of period in between 15 days and one month, the bank provides a rates of interest of 3.5%. For FDs growing in between 31 days and 45 days, the rate of interest used by the bank is providing a rate of interest of 3.5%. FDs growing in between 46 days and 90 days will bring you a rate of interest of 4.5%. For FDs growing in between 91 days and 120 days, the rate of interest will be 4.8%. For FDs developing in between 121 days and 180 days, the bank provides a rates of interest of 4.9%. FDs growing in between 181 days to less than one year will get you a rate of interest of 5.75%. FDs of one year period will get a rates of interest of 6.75% in the Union Bank. FDs developing in between one year to less than 398 days will bring a rate of interest of 6.75%. FDs developing in 399 days will get you a rate of interest of 7.25%. FDs growing in between 400 days and less than 2 years, will get a rates of interest of 6.5%. Union Bank of India senior FD rates: Latest ratesAccording to the Union Bank of India’s site, elderly people get an extra rate of interest of 0.5% on FDs of any provided period. The greatest rates of interest provided to elderly people is 7.75% on an FD developing in 399 days. Super seniors (people aged above 80 years) nevertheless, get an extra rate of interest of 0.75% on any period of FDs. The greatest FD rate of interest used to very seniors is 8% on deposits developing in 399 days. TenureFD interest rate7-14 days3.50%15-30 days3.50%31-45 days3.50%46-90 days4.50%91-120 days4.80%121-180 days4.90%181 days to 1 year5.75%1 year6.75%> 1 year to 398 Days6.
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