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    Union Bank NRE / NRO / NRI / FCNR FD Rates

    Founded in November 1919 and headquartered in Mumbai, Union Bank currently has over 4200 branches in India. As on March 2015, Union Bank touched a business level of Rs. 5,79,627 crore. Union Bank has invested heavily in the upgradation of technology to provide better products and services.

    Union Bank Fixed Deposit for NRIs

    Union Bank offers NRE, NRO and FCNR fixed deposit schemes. Union Bank does not levy any penalty for premature withdrawals for NRO fixed deposits. Interest will be paid for the period for which the deposit has remained with the bank. No interest is payable if deposit is withdrawn before the completion of one year.

    Union Bank NRE Fixed Deposit Interest Rates

    The following table shows the interest rates* offered on NRE deposits by Union Bank of India

    Tenure Rate of Interest for deposits Less than Rs.1 crore Rate of Interest for deposits above Rs.1 crore but under Rs.10 crore
    1 year 7.65% 7.73%
    1 year to 3 years 7.55% 7.00%
    3 years to 5 years 7.50% 7.00%
    5 years to 10 years 7.25% 6.75%

    * Rates are subject to change from time to time

    Union Bank NRO Fixed Deposit Interest Rates

    The following table shows the interest rates* offered on NRO deposits

    Tenure Rate of Interest for deposits Less than Rs.1 crore Rate of Interest for deposits above Rs.1 crore but under Rs.10 crore
    7 days to 14 days 5.25% 5.25%
    31 days to 45 days 5.50% 5.50%
    91 days to 120 days 6.75% 6.25%
    180 days 7.00% 6.50%
    1 year 7.65% 7.30%
    Above 1 year to 3 years 7.55% 7.00%
    Above 5 years to 10 years 7.25% 6.75%

    * Rates are subject to change from time to time

    Union Bank FCNR (B) Fixed Deposit Interest Rates

    The following table shows the interest rates* offered on FCNR (B) deposits by Union Bank

    TenureUSD %GBP %EURO %JPY %CAD %AUD %
    I year to 2 years2.361.350.771.052.152.72
    2 years to 3 years2.61.620.941.162.182.87
    3 years to 4 years2.751.681.031.162.282.96
    4 years to 5 years2.771.661.041.082.273.11
    5 years only2.841.741.161.12.353.22

    * Rates are subject to change from time to time

    Updated on 04 Jan ‘16

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