Union Bank Of India Interest Rates On Saving Account

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  1. Union Bank Of India Interest Rates On Saving Accounts
  2. Credit Union Interest Rates Savings
  3. Which Indian Bank Give More Interest On Saving Account
  4. Union Bank Savings Rates Today
Union bank of india interest rates on saving accountUnion bank of india interest rates on saving accounts
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Union Bank Of India Interest Rates On Saving Accounts

In Union Bank Of India Fixed Deposit account, a fixed sum of money is deposited for fixed tenure usually for a period from 7 days to 10 years. A higher interest rate is offered on fixed deposits which vary from bank to bank according to the amount deposited and duration of investment. For instance, Union Bank of India SCSS interest rate as on September 15th, 2020, is 7.4%. So the deposits that are made now will generate interest at the rate of 7.4% till September 2025. Under Union Bank of India Senior Citizen Savings Scheme, the interest will be paid out on a quarterly basis. Interest is calculated on daily product basis and is credited on quarterly basis in the months of April, July, October and January every year. Saving Bank deposits rates w.e.f. On balance upto & including Rs.

NRO SAVINGS ACCOUNT


Account Type

NRO Savings Bank Account(NRO SB)

Type of Accounts

Savings Deposit

Opening of Accounts/Sources of Funding The Accounts

  1. On receipt of duly completed account opening form(AOF) along with the documents specified there in.
  2. Re-designating existing resident SB account.
  3. Fresh remittances by way of TT/MT/DD/IMO/FCTC/FC
  4. Transfer from existing NRO/NRE/FCNR(B)
  5. Out of legitimate dues of the NRIs in India.
  6. Operation allowed through PA Holder for domestic payments.

Caution::
7.Accept of FCTC/FC subject to CDF(Beyond Limit)
8.Third Party FCTC will not be accepted.

ROI

Rate of interest applicable to these accounts and guidelines
for opening, operating and maintenance of such accounts
shall be in accordance with directives/instructions issued by Reserved Bank from time to time.

Who Can Open

Any Person resident outside India(as per regulation 2 of FEMA),may open NRO account with an authorized dealer or an authorized bank for the purpose of putting through bonafide transactions dominated in Rupees, not involving any violation of the provision of the FEMA rules, regulations made there under. Opening of accounts by individual/entities of Bangladesh/Pakistan nationality/ownership requires prior approval from RBI.

Tax on Interest Income

Tax will be deducted as per guidelines

Loan Facility

Available

ATM Cash Withdrawal Limit

Rs. 25,000/- per day

ATM POS Limit

Rs.50,000/- per day

Personalized cheque Leaves

40 leaves per year FREE

  • Apply Online
  • NRI Deposits

Credit Union Interest Rates Savings

Union bank of india interest rates on saving account
Union bank of india interest rates on saving accountFeatures:

Which Indian Bank Give More Interest On Saving Account

Any Resident Individual - Single Accounts, Two or more individuals in Joint Accounts, Illiterate Persons, Visually Impaired persons, Purdanasheen Ladies, Minors, Associations, Clubs, Societies, etc.

Union Bank Savings Rates Today

  • Minimum balance requirement with or without cheque book facility:

    Centres

    Without Cheque Book (`)

    With Cheque Book (`)

    Metro

    500

    1000

    Urban

    500

    1000

    Semi Urban

    250

    500

    Rural

    100

    250

  • Interest is calculated on daily product basis and will be credited on quarterly basis in the months of April, July, October and January every year.
  • Rate of interest upto 25Lacs and more than 25 lacs-3%p.a