Union Bank Of India Interest Rates On Saving Account
Union Bank Of India Fixed Deposit Interest Rate Calculator calculates the interest earned on a fixed deposit with the help of outlined components:
- Bank Rates On Savings Accounts
- Union Bank Of India Interest Rates On Saving Account
- Union Bank Savings Interest Rates
- Union Bank Of India Nre Saving Account Interest Rates
On Union Bank of India's secure website Rate is applicable for the FD account product and for the term of 1 year. The amount deposited may vary the interest rate of return. But during the year 2012, Reserve Bank of India (RBI) has de-regulated interest on savings account and banks are now free to decide on the interest rate that they want to offer on savings account which directly benefits the customers. Short Deposit Receipt. The minimum tenure of this deposit is 7 days. These deposits can be held for. DBS Bank Digi Account. 4% – 7%: SBI Basic Savings Bank Account. HDFC Bank Regular Savings Account. 3.50% – 4.00%: ICICI Bank Regular Savings Account. 3.50% – 4.00%: Axis Bank Basic Savings Account. 3.50% – 4.00%: Citibank Citi Banking Savings Account. Kotak Bank Nova Savings Account. Bank Freely TM savings. Interest-earning account. Open with any amount greater than $0. $0 Monthly Service Charge. Two rebates for non-Union Bank ATM fees per statement period. May be linked to a checking account for Overdraft Protection. Unlimited transfers and withdrawals.
(1) Deposit Amount
It is an amount which an FD account holder wants to invest in the fixed deposit. It is also called principal. It is to be remembered that this amount can be deposited only once hence you have to decide the amount to be invested according to your investment objectives.
(2) Interest Rate
It is the rate of interest offered by the bank where you open the FD. It differs for different tenures. Once FD is opened for a specific tenure then the interest rate will remain the same for the whole tenure.
(3) Term of Deposit (FD Tenure)
It is the duration for which the amount is invested in an FD which may vary from 7 days to 10 years. In the calculator, you can select the tenure in days, months or year.
(4) Compounding of Interest
Interest can be compounded on monthly, quarterly, half yearly or annual basis. It can be a simple interest as well. You need to enter it based on the offer by the bank.
| You are here : | Products Personal Savings Flexi Deposit Scheme (SBNFD) |
Savings Flexi Deposit Scheme (SBNFD)
Integrated features of the Savings Deposit and Fixed Deposit, namely liquidity with higher interest returns on surplus funds.
Bank Rates On Savings Accounts
Eligibility | Individuals, Non-Government bodies/Organisations/Bodies are eligible to open savings bank accounts. |
Minimum balance in SB | Rs 50,000/- |
Sweep Out amount | Minimum of Rs 10,000 and in multiples of Rs 10,000 Up to Rs 1 Crore per day. |
Periodicity of Sweep out | Daily |
Sweep in amount | Rs.5,000/ and in multiples of Rs 5,000/- |
Period of Term Deposit | 46 days to 1 year |
Type of Debit card | Classic card |
Debit Card charge | Issue charge –Free |
Access to own Bank ATM | 8 transactions (financial) per month Free. |
Access to other bank ATM | 3 transactions (financial + non-financial) per month at Metro or 5 transactions(financial + non-financial) per month at other centres are Free |
ATM Cash Withdrawal Limit | Rs 25,000/- Per day |
ATM POS Limit | Rs 50,000/- Per Day |
Free Personal Accident Insurance (Death) with debit card* | Rs 2 Lakhs (by bank), Rs 1 Lakhs (additional by RuPay). |
SMS banking charges | As per applicable charges |
Personalized Cheque Leaves | 60 leaves per year FREE. |
DD | As per applicable charges. |
RTGS, NEFT | Unlimited FREE |
IMPS | As per applicable charges |
Penalty for non-maintenance of min balance
| NIL |
Account closure -within 14 days or after 12 months | Nil |
Account closure -Between 15 days to 12 months | As per applicable charges. |
Union Bank Of India Interest Rates On Saving Account
*Personal Accident insurance with debit card is subject to terms and conditions of debit card policy/usage and policy of RuPay which may change from time to time.
Union Bank Savings Interest Rates
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- Savings Account