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Home You are here : path  We Care path Knowledge path FCNR RATE

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. 01.07.2022 are given below:

PERIOD

USD< 300,000

USD >= 300,000

GBP

EUR

 

Existing

Revised

Existing

Revised

Existing

Revised

Existing

Revised

1 YR<2YRS

1.62

2.36

1.62

2.36

1.97

2.22

0.01

0.01

2YRS<3YRS

2.14

2.88

2.24

2.98

2.35

2.60

0.03

0.03

3YRS<4YRS

2.22

2.96

2.32

3.06

2.47

2.72

0.18

0.18

4YRS<5YRS

2.28

3.02

2.38

3.12

2.48

2.73

0.28

0.28

5YRSONLY

2.31

3.05

2.41

3.15

2.44

2.69

0.33

0.33

FCNR (B) Deposits:
 

PERIOD

JPY

CAD

AUD

 

Existing

Revised

Existing

Revised

Existing

Revised

1 YR<2YRS

0.09

0.07

1.29

1.79

0.75

1.25

2YRS<3YRS

0.13

0.11

2.40

2.90

1.23

1.73

3YRS<4YRS

0.13

0.11

2.62

3.12

1.61

2.11

4YRS<5YRS

0.14

0.12

2.68

3.18

1.84

2.34

5YRSONLY

0.15

0.13

2.74

3.24

1.94

2.44

RFC Deposits::
 

PERIOD

USD < 300000

USD>= 300000

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

1.62

2.36

1.62

2.36

1.97

2.22

0.01

0.01

0.09

0.07

1.29

1.79

0.75

1.25

1 YR to <2 YRS

1.62

2.36

1.62

2.36

1.97

2.22

0.01

0.01

0.09

0.07

1.29

1.79

0.75

1.25

2 YRS to <3 YRS

2.14

2.88

2.24

2.98

2.35

2.60

0.03

0.03

0.13

0.11

2.40

2.90

1.23

1.73

3 YRS

2.22

2.96

2.32

3.06

2.47

2.72

0.18

0.18

0.13

0.11

2.62

3.12

1.61

2.11

Notes:
1. Interest rate for term deposits upto 3yrs are in line with FCNR (B) Term Deposits.
2. Staff RFC interest rates will be paid with addition of 0.25% on above mentioned rates.