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