Union Bank of India is one of the largest government-owned banks of India. The Bank was established on 11 November 1919. It headquartered in Mumbai.

Union Bank Of India Interest Rate

Marginal Cost Of Funds Based Lending Rate (MCLR) With Effect From 1st May 2016

TENOR MCLR (%)
Overnight MCLR 9.25%
One month MCLR 9.30%
Three month MCLR 9.35%
Six month MCLR 9.45%
One year MCLR 9.50%
Two year MCLR 9.55%
Three year MCLR 9.60%

Our Base Rate w.e.f. 05/10/2015 9.65% .

Our Bench Prime Lending
Rate [BPLR] w.e.f. 01/03/2016 14.25%


a) For domestic deposits - Less than Rs. 1 cr (last revised on Mar 23, 2016)

Maturity Period Deposit Amount Interest Rate (% p.a.)

7 days to 14 days Less than Rs. 1 cr 4
15 days to 30 days Less than Rs. 1 cr 4.75
31 days to 45 days Less than Rs. 1 cr 5.25
46 days to 90 days Less than Rs. 1 cr 6.5
91 days to 120 days Less than Rs. 1 cr 6.75
121 days to 179 days Less than Rs. 1 cr 6.75
180 days Less than Rs. 1 cr 7
180 days to less than 364 days Less than Rs. 1 cr 7.5
1 years Less than Rs. 1 cr 7.65
Above 3 years to 5 years Less than Rs. 1 cr 7.5
Above 1 years to 3 years Less than Rs. 1 cr 7.55
Above 5 years to 10 years Less than Rs. 1 cr 7.25

b) For domestic deposits - Rs. 1cr to Less than Rs. 10 cr (last revised on Mar 23, 2016)

Maturity Period Deposit Amount Interest Rate (% p.a.)

7 days to 14 days Rs. 1cr to Less than Rs. 10 cr 4
15 days to 30 days Rs. 1cr to Less than Rs. 10 cr 4.5
31 days to 45 days Rs. 1cr to Less than Rs. 10 cr 5
46 days to 90 days Rs. 1cr to Less than Rs. 10 cr 6
91 days to 120 days Rs. 1cr to Less than Rs. 10 cr 6.25
121 days to 179 days Rs. 1cr to Less than Rs. 10 cr 6.5
180 days Rs. 1cr to Less than Rs. 10 cr 6.5
180 days to less than 364 days Rs. 1cr to Less than Rs. 10 cr 7.25
1 years Rs. 1cr to Less than Rs. 10 cr 7.3
Above 1 years to 3 years Rs. 1cr to Less than Rs. 10 cr 7
Above 3 years to 5 years Rs. 1cr to Less than Rs. 10 cr 7
Above 5 years to 10 years Rs. 1cr to Less than Rs. 10 cr 6.75

Contact Phone:0145 242 9146