What is the tenure of Sumvridhi Union 333?
The fixed deposit term is 333 days.
The last date to invest in these two SBI special FDs with higher interest rates is September
Minimum and maximum deposit: From Rs 1,000 to Rs 3 million
Premature retirement
This term deposit of less than Rs. 3 crores is closed early after running for at least 7 days and the interest paid will be 1.00% less than the rate applicable at the time of deposit or the contracted rate, whichever is lower.
What is the interest rate of Union Sumvridhi 333 FD?
The interest rate for this plan is as follows:
- General customers: 7.40%
- Senior citizens: 7.90%
- Elderly people: 8.15%
You can apply for this scheme online through Union Bank of India website or VYOM app. You can also get a loan under this scheme.
According to the Union Bank of India website, “The additional rate component, applicable on deposits of resident senior citizens, is 0.50% above the normal rates shown above.
The additional rate component applicable to resident senior citizens is 0.75% above the regular rate shown above (0.25% above the rate applicable to resident senior citizens). The additional rate on term deposits of senior citizens would apply to term deposits opened or renewed on or after 1 December 2022.
Union Bank of India Fixed Deposit Interest Rates
According to Union Bank’s website, the new interest rates will take effect from July 5, 2024.
| Period | Rates in % per year |
| < 3 crores | |
| 7-14 days | 2.48 |
| 15-30 days | 3.48 |
| 31-45 days | 3.50 |
| 46-90 days | 4.50 |
| 91-120 days | 4.80 |
| 121-180 days | 5.00 |
| 181 days to < 1 year | 6.35 |
| 1 year | 6.80 |
| >1 year to 398 days | 6.80 |
| 399 days | 7.25 |
| 400 days to 2 years | 6.60 |
| > 2 years to 996 days | 6.60 |
| 997 days | 6.40 |
| >998 days to less than 3 years (except 999 days to 6.40) | 6.60 |
| 3 years | 6.70 |
| > 3 years to 5 years | 6.50 |
| >5 years to 10 years | 6.50 |
Source: Union Bank of India website; effective interest rates (rates in % per annum) as on 5 July 2024
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