Interest Rates

Welcome to Union Bank of India (UK) Ltd

Note** Bank has reviewed Interest rates for Deposits, New Interest rates will be applicable from 22nd January 2020 .The New GBP Deposit rates will be (1 YR -1.53%, 1.5 YRS -1.60%, 2 YRS -1.70%, 3 YRS- 1.80%, 4YRS -1.90% & 5YRS-1.95%) ** For any further information please contact us at +44 20 7332 4250

	Interest rate (GBP)		Interest rate (USD)		Interest rate (EUR)
Duration	£1000 to £1000000	Details	$5000 to $1000000	Details	€5000 to €1000000	Details
1 Year	1.65 % p.a Gross/AER*	Summary Box	2.00 % p.a Gross/AER*	Summary Box	0.15 % p.a Gross/AER*	Summary Box
18 Months	1.80 % p.a Gross/AER*	Summary Box
2 Years	1.85 % p.a Gross/AER*	Summary Box	2.25 % p.a Gross/AER*	Summary Box	0.25 % p.a Gross/AER*	Summary Box
3 Years	1.95 % p.a Gross/AER*	Summary Box	2.50 % p.a Gross/AER*	Summary Box	0.30 % p.a Gross/AER*	Summary Box
4 Years	2.05 % p.a Gross/AER*	Summary Box	2.50 % p.a Gross/AER*	Summary Box	0.35 % p.a Gross/AER*	Summary Box
5 Years	2.10 % p.a Gross/AER*	Summary Box	2.50 % p.a Gross/AER*	Summary Box	0.50 % p.a Gross/AER*	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	0.50 % p.a Gross/AER	Summary Box	0.50 % p.a Gross/AER	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 Above advertised rates will be effective from 18th November 2019 and these rates can be changed at any time or withdrawn without notice.

From 15th October 2016, the interest rate on Savings Deposits, of GBP and USD have changed to 0.5% per annum.
Interest is variable and we may withdraw the availability of Savings Deposits of GBP and USD at any time without notice.

Rates for 17 - 01 - 2020

Currency	Rate	Amount
GBP/INR	90.79	less than £250
GBP/INR	92.14	£250 to £1999
GBP/INR	92.24	£2000 to £5000
GBP/INR	92.29	£5001 to £10000
USD/INR	70.41	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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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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