Interest Rates

Welcome to Union Bank of India (UK) Ltd

Please Note** '' Bank is currently reviewing & will be revising the Interest rate on the USD term deposits w. e. f 05th May 2021" ** For any further information please contact us at +44 20 7332 4250.

	Interest rate (GBP)		Interest rate (USD)
Duration	£1000 to £1000000	Details	$5000 to $1000000	Details
1 Year	0.45 % p.a Gross	Summary Box	0.50 % p.a Gross	Summary Box
18 Months	0.50 % p.a Gross	Summary Box	0.50 % p.a Gross	Summary Box
2 Years	0.60 % p.a Gross	Summary Box	0.50 % p.a Gross	Summary Box
3 Years	0.60 % p.a Gross	Summary Box	0.50 % p.a Gross	Summary Box
4 Years	0.80 % p.a Gross	Summary Box	0.50 % p.a Gross	Summary Box
5 Years	0.90 % p.a Gross	Summary Box	0.50 % p.a Gross	Summary Box

Above rates are for retail deposits.

(per annum abbreviated as p.a)

Savings Account	Interest rate (GBP)	Details	Interest rate (USD)	Details
Savings Account	0.30 % p.a Gross	Summary Box	0.30 % p.a Gross	Summary Box

*AER = Annual Equivalent Rate

For fixed deposit schemes for all tenures, interest is calculated as Simple Interest. Above advertised rates will be effective from 18^th February 2021 and these rates can be changed at any time or withdrawn without notice.

We are pleased to announce 'Union Bank of India - Renewal Bonus'. Existing Term Deposit customer who renews the Deposit will receive a loyalty bonus of 0.05% above the current Interest Rate.

Bank has revised its interest rate offered on Saving Accounts (Easy Access Accounts) in GBP & USD currency from 0.50% P.A. to 0.30% P.A. w.e.f. 18^th March 2021. Please click the below link for details:

COMMUNICATION ON CHANGE IN INTEREST RATE ON SAVINGS ACCOUNT

Interest is variable and we may withdraw the availability of Savings Deposits of GBP and USD at any time without notice.

Rates for 11 - 06 - 2021

Currency	Rate	Amount
GBP/INR	101.47	less than £250
GBP/INR	102.82	£250 to £1999
GBP/INR	102.92	£2000 to £5000
GBP/INR	102.97	£5001 to £10000
USD/INR	72.41	Up to $2000

Click here for Interest Rates

For rates over the above limits, please contact the branch on 020 7332 4250

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Customer Services

Union Bank of India (UK) Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority

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