Union Bank of India changes interest rates on FCNR (B) Term Deposits

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by Samiksha

Mumbai-July1,2019: Union Bank of India has revised the interest rates applicable to FCNR (B) Deposits w.e.f. 1st July, 2019.

The revised rates w.e.f. 1st July 2019 for various periods of maturity are as under:

FCNR (B) Deposits:

PERIOD
USD < 300,000
USD >= 300,000
GBP
EUR

Existing
Revised
Existing
Revised
Existing
Revised
Existing
Revised
1 YR<2YRS
3.28
2.99
3.28
2.99
1.82
1.80
0.74
0.65
2YRS<3YRS
2.88
2.63
2.98
2.73
1.63
1.59
0.48
0.38
3YRS<4YRS
2.91
2.67
3.01
2.77
1.65
1.60
0.54
0.41
4YRS<5YRS
2.91
2.67
3.01
2.77
1.67
1.62
0.58
0.46
5YRS  ONLY
2.84
2.66
2.94
2.76
1.60
1.55
0.56
0.43



FCNR (B) Deposits:


PERIOD
JPY
CAD
AUD

Existing
Revised
Existing
Revised
Existing
Revised
1 YR<2YRS
1.00
0.95
3.20
3.10
2.27
2.08
2YRS<3YRS
0.72
0.66
2.58
2.54
1.97
1.79
3YRS<4YRS
0.71
0.64
2.55
2.49
1.98
1.80
4YRS<5YRS
0.71
0.63
2.54
2.47
2.12
1.91
5YRS  ONLY
0.62
0.54
2.45
2.38
2.08
1.87

 

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