Bank Savings Scheme: Deposit ₹2,00,000 in Union Bank and get fixed interest of ₹48,841, check scheme details

Union Bank of India is offering interest ranging from 3.40 percent to 7.35 percent on FDs to its customers.

Union Bank of India Savings Scheme: While the 1.00 percent cut in the repo rate this year has made loans cheaper, it has also reduced FD interest rates. However, despite the reduction in interest rates, FDs still offer attractive returns. The public sector Union Bank of India is offering excellent interest rates on FDs to its customers. Here, we’ll tell you about one such scheme from Union Bank of India, in which you can earn fixed interest of up to ₹48,841 by depositing just ₹2 lakh.

Union Bank of India offers a maximum interest rate of 7.35 percent on FDs.

Union Bank of India is a public sector bank. You can open an FD account with Union Bank for a minimum period of 7 days and a maximum period of 10 years. Union Bank of India offers its customers interest rates ranging from 3.40 percent to 7.35 percent on FDs. This public sector bank offers the highest interest rates on 3-year fixed deposit schemes. Union Bank of India’s 3-year fixed deposit scheme offers 6.60 percent interest for general citizens, 7.10 percent for senior citizens, and 7.35 percent for super senior citizens (above 80 years).

Depositing ₹2,00,000 will earn you a fixed interest of up to ₹48,841.

If you are a general citizen and deposit ₹2 lakh in a 3-year FD with Union Bank, you will receive a total of ₹2,43,399 at maturity, including a fixed interest of ₹43,399. If you are a senior citizen and deposit ₹2 lakh in a 3-year FD with Union Bank, you will receive a total of ₹2,47,015 at maturity, including a fixed interest of ₹47,015. Similarly, if you are a super senior citizen, depositing ₹2 lakh in a 3-year FD will earn you a total of ₹2,48,841 at maturity, including a fixed interest of ₹48,841.

Disclaimer: This article is for informational purposes only. Please consult your financial advisor before making any investment or taking any financial risk. informalnewz.com will not be responsible for any kind of risk.

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