Money Saver India

Union Bank hikes deposit rates

Union Bank hiked rates on deposits up to Rs1 crore for the period 46 to 120 days by 25 bps to 7.50%. Similarly, in the slab of 31 to 45 days, interest rate increased by

Union Bank hiked rates on deposits up to Rs1 crore for the period 46 to 120 days by 25 bps to 7.50%. Similarly, in the slab of 31 to 45 days, interest rate increased by 125 bps to 6% (from 5.75%). It also reduced the interest rate on deposit for 5 to 7 years maturity by 25 bps. Go here for more.

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