The Central Government in consultation with the Reserve Bank of India (RBI) notified the amalgamation of Andhra Bank with the Union Bank of India through a vide gazette notification dated 4 March 2020. The amalgamation came into effect from 1 April 2020. Hence, the customers who had fixed deposit account in the Andhra Bank were transferred to Union Bank of India.
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7%INTEREST ON FD
| Union Bank of India FD Interest Rates (p.a.) Highlights 2024 | |
| Highest slab rate | 7.30% (for 456 days) |
| For 1 year | 6.80% |
| For 2 years | 6.60% |
| For 3 years | 6.70% |
| For 4 years | 6.50% |
| For 5 years | 6.50% |
| Tax-Saving FD | 6.50% |
The interest rates are updated as of 25 November 2024
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