Union Bank of India has launched a special fixed deposit termed Union Sumvridhi 333, offering higher interest rates.
What is the tenure Union Sumvridhi 333
The tenure of the fixed deposit is 333 days
Minimum and maximum deposit: Rs 1,000 up to Rs 3 crore
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Premature withdrawal
This term deposit under Rs. 3 crores is closed early after running for at least 7 days the interest paid will be 1.00% less than the applicable rate at the time of deposit or the contracted rate, whichever is lower.).
What is the interest rate for Union Sumvridhi 333 FD
The interest rate for this scheme is as follows:
- General customers: 7.40%
- Senior citizens: 7.90%
- Super senior citizens: 8.15%
You can apply for this scheme online through the Union Bank of India website or the VYOM app.
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You can also take a loan under this scheme.
According to the Union Bank of India website, “The additional rate component, applicable to resident senior citizen deposits is 0.50% over and above the normal rates displayed above.
The additional rate component applicable to resident super senior citizens is 0.75% over and above the normal rate displayed above (0.25% over and above rate applicable to resident senior citizen). The additional rate on super senior term deposits would be applicable for the term deposits opened/renewed on or after 01.12.2022.”
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Union Bank of India FD interest rates
According to the Union Bank website, the new interest rates are effective from July 5, 2024.
| Period | Rates in % per annum |
| < Rs. 3 Cr | |
| 7-14 Days | 2.48 |
| 15-30 Days | 3.48 |
| 31-45 Days | 3.50 |
| 46-90 Days | 4.50 |
| 91-120 Days | 4.80 |
| 121-180 Days | 5.00 |
| 181 Days to < 1 year | 6.35 |
| 1 year | 6.80 |
| >1 year to 398 Days | 6.80 |
| 399 Days | 7.25 |
| 400 Days to 2 year | 6.60 |
| > 2 year to 996 days | 6.60 |
| 997 days | 6.40 |
| >998 days to less than 3 Years (except for 999 days @ 6.40) | 6.60 |
| 3 years | 6.70 |
| > 3 Year to 5 years | 6.50 |
| >5 Years to 10 Years | 6.50 |
Source: Union Bank of India website; Effective interest rates (Rates in % per annum) from 05th July 2024
