Union Bank of India (UBI) is one of the largest government-owned banks of India (the government owns 63.44% of its share capital). Its online Telebanking facility is available to all its Core Banking Customers - individual as well as corporate.

It has representative offices in Abu Dhabi, United Arab Emirates, Beijing, Peoples Republic of China, London and Shanghai, and branches in Hong Kong, Dubai, Antwerp and Sydney.

Domestic Interest Rates

Interest rates effective from 23/11/2016 (Percentage per Annum)

< Rs. 1 Cr
7 day – 14 day 5
15 day – 30 day 5
31 day – 45 day 5
46 day – 90 day 5.5
91 day- 120 day 6.25
121 day to - 179 days 6.25
180 days 7
181 day to <1 Year 7.05
1 year 7.25
>1 Year - 3 Year 7.25
>3 year - 5 Year 7.25
>5 year - 10 Year 7.25


Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 1st December 2016 to till 31st December 2016

TENOR MCLR (%)

Overnight MCLR 9.05%

One month MCLR 9.10%

Three month MCLR 9.15%

Six month MCLR 9.25%

One year MCLR 9.30%

Two year MCLR 9.35%

Three year MCLR 9.40%

Our Base Rate w.e.f. 01/12/2016 9.55% .

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