What was FD interest rate in 2016?
What was FD interest rate in 2016?
Interest rates are ranging between 7.25% to 8.5% per annum. Public Sector Banks: All public sector banks have reduced interest rates for short term, medium term and long term Fixed deposits. Interest rates are ranging between 6.75% to 8.25% per annum.
What was FD rate in 2009?
June 8, 2009, Mumbai. It has cut interest rates in select tenures. Interest rates on fixed deposits for one year maturity have been fixed at 8.50%. While for tenures from three years to ten years the FD rate remains unchanged at 8.50%.
What is rate of interest in Union Bank for FD?
Interest Rates – Deposit
| Period | Interest Rate (Rates in % per annum) |
|---|---|
| 121-180 Days | 4.30 |
| 181 Days to < 1 Year | 4.40 |
| 1 Year | 5.00 |
| >1 Year to 2 Years | 5.10 |
What was the FD interest rate in 2014?
Table 74 : Structure of Interest Rates
| (Per cent per annum) | ||
|---|---|---|
| Year (as at end March) | Call/ Notice Money Rates | Deposit Rates* |
| 2013-14 | 8.28 | 8.75-9.25 |
| 2014-15 | 7.97 | 8.50-8.75 |
| 2015-16 | 6.98 | 7.25-7.50 |
Is Union Bank of India safe for FD?
Thus, Union Bank of India term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the bank is. Loan against FD: The investment made in an FD scheme is not only a reliable investment option but can also act as an asset.
What is the interest of 1 lakh in Union Bank?
Union Bank of India FD Returns Based on Investment Amount
| Investment Amount | For 3 years with interest of 5.3% | For 5 years with interest of 5.4% |
|---|---|---|
| ₹ 50,000 | ₹58596 | ₹65459 |
| ₹ 1 lakh | ₹117193 | ₹130917 |
| ₹ 2 lakh | ₹234386 | ₹261834 |
| ₹ 5 lakh | ₹585964 | ₹654586 |
What were interest rates in 2012?
Mortgage rate trends over time
| Year | Average 30-Year Rate |
|---|---|
| 2010 | 4.69% |
| 2011 | 4.45% |
| 2012 | 3.66% |
| 2013 | 3.98% |
Which FD is best in Union Bank?
Union Bank FD Rates 2022
- 7 days – 14 days. 3.00% 3.50%
- 15 days – 30 days. 3.00% 3.50%
- 31 days – 45 days. 3.00% 3.50%
- 46 days – 90 days. 3.75% 4.25%
- 91 days – 120 days. 4.25% 4.75%
- 121 days – 180 days. 4.30% 4.80%
- 181 days – 364 days. 4.50% 5.00%
- 1 year. 5.25% 5.75%
