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image Interest Rates FCNR(B)/RFC

UNION BANK OF INDIA
REVISION IN RATES OF INTEREST ON
FCNR (B) AND RFC DEPOSITS
FCNR (B) Deposits:
The details of revised rates of interest on FCNR (B) & RFC term deposits in the permitted currencies w.e.f. 01.10.2020 are given below:
PERIOD
USD< 300,000
USD >= 300,000
GBP
EUR
  Existing Revised Existing Revised Existing Revised Existing Revised
1 YR<2YRS

0.95

0.93

0.95

0.93

0.52

0.49

0.01

0.01

2YRS<3YRS

0.79

0.78

0.89

0.88

0.53

0.49

0.01

0.01

3YRS<4YRS

0.86

0.86

0.96

0.96

0.56

0.52

0.01

0.01

4YRS<5YRS

0.84

0.82

0.94

0.92

0.61

0.56

0.01

0.01

5YRSONLY

0.86

0.84

0.96

0.94

0.64

0.59

0.01

0.01

FCNR (B) Deposits:
 
PERIOD
JPY
CAD
AUD
  Existing Revised Existing Revised Existing Revised
1 YR<2YRS

0.02

0.01

0.78

0.73

0.23

0.16

2YRS<3YRS

0.06

0.04

0.61

0.60

0.23

0.19

3YRS<4YRS

0.07

0.04

0.68

0.66

0.29

0.23

4YRS<5YRS

0.08

0.04

0.77

0.74

0.36

0.27

5YRSONLY

0.09

0.05

0.89

0.86

0.43

0.33

RFC Deposits::
 
PERIOD
USD < 300,000
USD>= 300,000
GBP
EUR
JPY
CAD
AUD
  Existing Revised Existing Revised Existing Revised Existing Revised Existing Revised Existing Revised Existing Revised
TERM DEPOSITS                      
6 MONTHS to <1 YR

0.95

0.93

0.95

0.93

0.52

0.49

0.01

0.01

0.02

0.01

0.78

0.73

0.23

0.16

1 YR to <2 YRS

0.95

0.93

0.95

0.93

0.52

0.49

0.01

0.01

0.02

0.01

0.78

0.73

0.23

0.16

2 YRS to <3 YRS

0.79

0.78

0.89

0.88

0.53

0.49

0.01

0.01

0.06

0.04

0.61

0.60

0.23

0.19

3 YRS

0.86

0.86

0.96

0.96

0.56

0.52

0.01

0.01

0.07

0.04

0.68

0.66

0.29

0.23

 

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