Union Bank Of India revises savings account, FD rates. Here's what you will earn on your investment

The FD rates are applicable for deposits below ₹2 crore offering a maximum 5.8% interest rate, while the savings balance has the highest rate of 3.55%.

The new rates have come into effect from June 16. 

A depositor can earn a 4.60% interest rate on FDs maturing 181 Days to less than 1 Year 

The bank offers a 5.45% rate on FDs above 1 year to 2 years 

The bank offers a 5.50% rate on FDs above 2 year to 3 years 

An interest rate of 5.75% is applicable on above 3 years to 5 years tenure. 

The highest rate of 5.80% is available on 5 years to 10 years tenure. 

Senior Citizen Get 0.50% Extra on Fixed Deposit