Union Bank of India changes its FCNR deposits interest rates
By Neelima Shankar
Jan 3, 2013
Print    Email    RSS   

The Mumbai based Union Bank of India has modified its interest rates on certain fixed deposits. The rates have been revised for FCNR (B) deposits and the new rates have come into effect from January 1, 2013.

The interest rates have been hiked for yen and Canadian dollar denominated term deposits.

On the other hand, the interest rates for Pound denominated term deposits have been slashed. Deposits having one to two year maturity period will now earn 3.01 percent, a decrease from the earlier 3.03 percent. Two to three year deposits will now earn 2.71 percent while 3 to 4 years deposits will earn interest of 3.49 percent.

The interest rates for Euro and Australian dollar based fixed deposits have also been reduced. One to two year deposits will earn interests of 2.44 percent and 5.68 percent for Euro and Australian dollar term deposits respectively. Three to four year deposits will attract interests of 3.48 percent and 5.97 percent for Euro and Australian dollar term deposits respectively.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

FDs or Equity? Which suits you best?
An Overview of Wealth Management Services...
Know about corporate fixed deposits
A checklist of investment options for...
Carnival of Indian Personal Finance Blogs...

NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...
If I invest 100000 rupees deposit for 2 year , how...

Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive