The interest is calculated on a daily basis and is credited on a quarterly basis every year in the months of April, July, October and January.
Interest rate are subject to change from time to time.The additional rate on super senior term deposits would be applicable for the term deposits opened/renewed on or after. The additional rate component applicable to resident super senior citizens is 0.75% over and above the normal rate displayed above (0.25% over and above rate applicable to resident senior citizen). The additional rate component, applicable to resident senior citizen deposits is 0.50% over and above the normal rates displayed above. 5.00 Crores in all of its domestic term deposits scheme. Union Bank of India offers an additional rate component to resident senior and super senior citizens on term deposits up to Rs. Effective interest rates (Rates in % per annum) from
