This government bank is giving 8% interest on FD, you have to invest for so many days.

New Delhi. Whenever there is talk of savings, the name of Fixed Deposit (FD) definitely comes up. Your investment in Fixed Deposit is safe, and you also get guaranteed returns. If you also want to invest in FD, Public Sector Union Bank of India is offering a special opportunity. The bank has revised the interest rates on fixed deposits below Rs 2 crore. According to the bank’s website, the new interest rate will be applicable from June 1, 2024.

Union Bank of India is offering 3.5% interest rate on FDs maturing between 7 to 45 days to the general public. Now 4.50% interest rate is available on FD between 46 days to 90 days. It is offering 4.80% interest on FDs maturing between 91 days to 180 days. FD from 181 days to less than 1 year is getting 6.25% interest.

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FD Rates for Senior Citizens
Senior citizens are being given an additional interest of 0.50% over the rates given to general citizens. Maximum interest rate for senior citizens is 7.75% for 399 days.

FD Rates for Super Senior Citizens
The bank is offering 0.75 percent interest to super senior citizens over the rates given to general citizens. Maximum interest rate on 399 days FD is 8%.

Tags: Bank FD, FD Rates, Fixed Deposits, Union Bank