Union Bank Of India Revises Interest Rates On Fixed Deposits. Here Are The Revised Interest Rates

The Inflation is moving to the upside after moving down in the past few weeks, and as the Inflation goes up, the interest rates are also increased by the Central Bank or Reserve Bank Of India (RBI). Many private and public sector banks are fluctuating the interest rates on Fixed Deposits. One of India's leading public sector banks has recently revised its Fixed Deposit interest rates.

The Union Bank Of India Has revised the interest rates for fixed deposits of less than 2 crores. The interest rates for the maturity period of 750 days have been revised to 6.15 per cent, and there are other changes in interest rates.

Here is a list of new interest rates offered by The Union Bank Of India.

Tenors	Interest rates (in %)
7 Days to 45 Days -	3.00
46 Days to 90 Days	4.05
91 Days to 180 Days	4.10
181 Days to less than 1 year	4.60
1 year	5.35
Above one year to less than 2 years	5.45
Above 2 years to 749 years	5.50
750 days	6.15
Above 750 days to 3 years	5.50
Above 3 years to 5 years	5.75
5 years 1 day	6.20
Above 5 years 1 day to 10 years	5.80

The interest rates mentioned above are applicable from 14 September, 2022 for the deposits of less than 2 Crores.