Union Bank of India saving account interest rates offers a competitive interest rate structure for its savings account holders. As of 2024, the savings account interest rates here vary between 2.75% to 4.20% per annum, depending on the balance maintained. This interest is calculated on a daily balance basis and is credited quarterly.
What is the UBI Savings Account Interest Rate?
Here is a breakdown of Union Bank of India's savings account interest rates:
Balances up to Rs.50 lakh: The interest rate for deposits up to ₹50 lakh is 2.75% per annum.
Balances above Rs.50 lakh and up to Rs.100 crore: For higher balances, the savings account interest rate UBI increases to 2.90% per annum.
Balance above
Rs.100 Cr to Rs.500 Cr: The interest rate is 3.10%.
Balance above Rs.500 Cr to Rs.1000 Cr: The interest rate is 3.40%.
Balance above Rs.1000 Cr to Rs.1500 Cr: The interest rate is 4.10%.
Balance above Rs.1500 Cr to Rs.2000 Cr: The interest rate is 4.15%.
Balance above Rs.2000 Cr: The interest rate is 4.20%.
These interest rates are competitive with other public sector banks. Moreover, you can get the latest
UBI Bank savings account interest rate
from this link. I hope you found this answer helpful.
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What is Union Bank of India Saving Account Interest Rates?
mani
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51 days
2024-09-24T20:29:19+00:00 2024-09-24T20:29:21+00:00Comment
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