United Bank of India is one of the top govt sector banks which provides good interest rates on fixed deposits. For short period, the bank offers quite low-interest rates. For the Fixed deposit below 45 days, the interest rate is only 4%, that is the same as for normal saving accounts.
Even the interest rates are not greater than 6.50% for the deposits up to one year which is low as compared to other public sector banks in India. Further, the interest rate is 6.25% for above one year. So, a united bank of India offers a constant interest rate for above one year.
In other hands, the interest rate for senior citizens is the same as for other normal fixed deposit accounts. But, extra .50% is applicable for fixed deposits above one year. The below are effective from 14 December 2018.
United Bank of India Fixed Deposit Interest Rates chart for February 2019:
|TIME PERIOD||INTEREST RATES ( % p.a.)|
|Below 1 crore||Above 1 crore|
|7 Days to 14 Days||4.00%||4.00%|
|15 Days to 30 Days||4.00%||4.00%|
|31 Days to 45 Days||4.00%||4.00%|
|46 Days to 60 Days||4.00%||4.00%|
|61 Days to 90 Days||4.50%||4.50%|
|91 Days to 180 Days||5.00%||4.50%|
|181 Days to 270 days||5.75%||4.50%|
|271 Days to 1 year||6.00%||4.25%|
|1 Year to 2 Years||6.25%||4.25%|
|2 Years to 3 Years||6.25%||4.25%|
|3 Years to 5 Years||6.00%||4.25%|
|5 Years to 10 Years||6.00%||4.25%|
Table updated: 19 February 2019
- .50% extra interest on above rate is available for senior citizens for deposit time above 1 year.
- 1% extra interest is payble to ubi staff and retired staff. 1.50% extra interest will be paid to UBI senior citizen staff.
- Minimum deposit period is 1 year for NRE deposits, no interest will be paid for closing fd account before 1 year.
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Check out more details from official bank site @http://www.unitedbankofindia.com/english/RatesDeposit.aspx