If you're considering investing in fixed deposits (FDs), Union Bank of India and RBL Bank have recently revised their FD interest rates for deposits below Rs 3 crore, which may impact your decision. Here's a breakdown of the updated rates:
Union Bank of India FD Interest Rates (Effective April 25, 2025)
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For Regular Customers:
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Short Tenures (7 to 45 days): 3.50% per annum
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46 to 90 days: 4.50% per annum
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91 to 120 days: 4.80% per annum
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121 to 180 days: 5.00% per annum
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181 days to less than 1 year: 6.25% per annum
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1 Year & 399 Days: 6.75% per annum
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400 Days: 6.90% per annum
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456 Days: 7.15% per annum (highest rate)
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1 to 3 years: 6.60% to 6.70% per annum
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More than 3 years to 10 years: 6.50% per annum
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For Senior Citizens:
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Short Tenures (7 to 45 days): 3.50% per annum
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46 to 90 days: 5.00% per annum
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91 to 120 days: 5.30% per annum
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121 to 180 days: 5.50% per annum
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181 days to less than 1 year: 6.50% per annum
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1 Year & 399 Days: 7.05% per annum
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400 Days: 7.20% per annum
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456 Days: 7.55% per annum
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1 to 3 years: 6.90% to 7.00% per annum
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More than 3 years to 10 years: 7.00% per annum
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For Super Senior Citizens (80 years and above):
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Short Tenures (7 to 45 days): 3.75% per annum
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46 to 90 days: 5.25% per annum
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91 to 120 days: 5.55% per annum
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121 to 180 days: 5.75% per annum
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181 days to less than 1 year: 6.75% per annum
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1 Year & 399 Days: 7.25% per annum
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400 Days: 7.40% per annum
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456 Days: 7.85% per annum
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1 to 3 years: 7.20% to 7.35% per annum
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More than 3 years to 10 years: 7.30% per annum
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RBL Bank FD Interest Rates (Effective May 1, 2025)
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For Regular Customers:
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Short Tenures (7 to 45 days): 3.50% per annum
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46 to 90 days: 4.50% per annum
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91 to 120 days: 5.00% per annum
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121 to 180 days: 5.50% per annum
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181 days to less than 1 year: 6.25% per annum
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1 Year & 399 Days: 6.75% per annum
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400 Days: 6.90% per annum
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1 to 3 years: 7.00% per annum
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More than 3 years to 10 years: 7.75% per annum (highest rate)
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For Senior Citizens:
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Short Tenures (7 to 45 days): 4.00% per annum
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46 to 90 days: 5.00% per annum
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91 to 120 days: 5.50% per annum
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121 to 180 days: 6.00% per annum
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181 days to less than 1 year: 6.75% per annum
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1 Year & 399 Days: 7.25% per annum
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400 Days: 7.50% per annum
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1 to 3 years: 7.50% per annum
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More than 3 years to 10 years: 8.25% per annum
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For Super Senior Citizens (80 years and above):
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Short Tenures (7 to 45 days): 4.25% per annum
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46 to 90 days: 5.25% per annum
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91 to 120 days: 5.75% per annum
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121 to 180 days: 6.25% per annum
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181 days to less than 1 year: 7.00% per annum
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1 Year & 399 Days: 7.50% per annum
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400 Days: 7.75% per annum
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1 to 3 years: 7.75% per annum
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More than 3 years to 10 years: 8.50% per annum
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Changes to RBL Bank Savings Account Interest Rates (Effective May 1, 2025)
RBL Bank has also announced a reduction in savings account interest rates, with cuts of up to 100 basis points (1%) for certain balance slabs. These revised rates will come into effect starting May 1, 2025.
Key Takeaways:
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Union Bank of India offers competitive interest rates, with the highest being 7.15% for 456 days for regular customers.
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RBL Bank provides slightly higher rates, with super senior citizens earning up to 8.50% for deposits longer than 3 years.
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RBL Bank has also reduced its savings account interest rates, affecting specific balance slabs.
