UBI hikes interest rates on FCNR (B), NRE (Rupee) term deposits

Mumbai, Jan 2 (UNI) Union Bank of India (UBI) has revised the interest rates applicable to FCNR (B) and NRE (Rupee) term deposits since January 1.

The interest rate has been increased from 5.24 per cent to 5.33 per cent in the case of FCNR (B) Deposits with maturity period ranging from one year to two years.

In the case of maturity period ranging above two years and less than three years, the interest rate on US Dollar has been increased from 5.00 per cent to 5.16 per cent, a Bank press release here today said.

UNI