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  #2  
June 8th, 2016, 04:30 PM
Super Moderator
 
Join Date: Mar 2013
Re: Union Bank of India Base Rate

Hello, here I m providing you the details of the base rate of the Union Bank of India as under:

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

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

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%

Union Bank Short-Term FD Rates
The shortest period of holding on offer is 30 days and features a 4.75% rate of return. Their 60 and 90 days deposit schemes provide 1.25% higher returns at 6.5%.

Union Bank Medium and Long-Term FD Rates
The interest rate remains constant at 8.6% for holdings between 2 and 3 years, while the rate is 8.55% for deposits that mature in 1 year.

Union Bank Senior Citizens FD Rates
Senior citizen customers at Union Bank are offered a considerable increase in returns on their savings with a 0.5% hike on the existing medium and long-term FD rates.


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