How to find the best rates for United Bank Of India Fixed Deposit
United Bank of India is a public-sector banking company with a strong east-Indian presence and representation abroad. The bank has, among its retail product portfolio, attractive savings options in the form of fixed deposits.
The table, shown above, accurately captures all changes made and announced by the bank to facilitate real-time comparison of similar products offered by other institutions. It also helps users identify the most profitable investment option by viewing maturity values at varying rates of interest for different investment periods.
United Bank of India Short-term FD Rates
On short-term savings, the bank offers a 30-day scheme with a 4% rate of return. This is bumped up by 2% to an interest rate of 6% for holdings of 60 and 90 days. This is further increased by 1% to 7% for holding periods of 120 days and 6 months. The 9-month scheme earns higher returns at 7.5%.
United Bank of India Medium and Long-Term FD Rates
All FD schemes offered by the bank with holding periods from 1 to 5 years feature an attractive interest rate of 8.5%.
United Bank of India Senior Citizen FD Rates
Senior citizens enjoy a 0.5% increase in interest rates for medium to long-term holdings. This translates to a 9% rate of return on all holding periods between 1 and 5 years.
Interest is compounded on an annual basis for both regular customers and senior citizens.
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