#1
June 13th, 2016, 02:31 PM
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Current Fixed Deposit Rates in Union Bank of India
Hello buddy , I want to know Current Fixed Deposit Eligibility and Interest Rates of Union Bank of India , Would you please3 Provide me ?
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#2
June 13th, 2016, 03:24 PM
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Re: Current Fixed Deposit Rates in Union Bank of India
Union Bank of India, founded in Mumbai in 1919 . It is a leading public sector banks in India. UBI FDs offer the Following Features: Various schemes to suit a varied client base Flexibility with premature withdrawal and loan facility Tax savings Eligibility Any Resident Individual - Single Accounts, Minors (with co-signing adults), Hindu Undivided Families, Two or more individuals in Joint Accounts, Illiterate Persons, Purdanasheen Ladies, Blind persons, Societies, Associations, Clubs, etc. Trusts, Institutions/Agencies specifically permitted by the RBI are eligible to open a fixed deposit account in the bank in single/joint name/s can open FDs in UBI. The Deposit Re-investment Certificate (DRIC) allows deposits as low as ₹ 100/- in rural/semi-urban centers and ₹ 500/- in urban/metro centers. This minimum amount may differ for other types of FDs. the maximum deposit amount allowed under FD is ₹ 10 crores. Fixed deposits can be held for as short as 7 days under SDR to as long as 10 years. Union Bank of India offers Interest at different rate slabs for deposits below ₹ 1 crore and for deposits over Rs 1 crore. Currently the Interest Rate on FDs below Rs 1 crore is 4- 8.75 % P.A with varying tenures from 7 days to 10 years. For amounts over ₹ 1 crore, this rate varies between 4-8.5 percent p.a. The minimum amount accepted under Union Tax Saver is ₹ 5,000/- and in multiples of ₹ 1,000/- thereof. A maximum limit of ₹ 1,50,000/- can be deposited in a financial year. |