Interest Rates

Welcome to Union Bank of India (UK) Ltd

Fixed Deposit Rates revised w.e.f. 12/04/2019

	Interest rate (GBP)		Interest rate (USD)		Interest rate (EUR)
Duration	£1000 to £1000000	Details	$5000 to $1000000	Details	€5000 to €1000000	Details
1 Year	1.50 % p.a Gross/AER*	Summary Box	2.25 % p.a Gross/AER*	Summary Box	0.15 % p.a Gross/AER*	Summary Box
2 Years	1.75 % p.a Gross/AER*	Summary Box	2.50 % p.a Gross/AER*	Summary Box	0.25 % p.a Gross/AER*	Summary Box
3 Years	1.90 % p.a Gross/AER*	Summary Box	2.75 % p.a Gross/AER*	Summary Box	0.30 % p.a Gross/AER*	Summary Box
4 Years	2.10 % p.a Gross/AER*	Summary Box	2.75 % p.a Gross/AER*	Summary Box	0.35 % p.a Gross/AER*	Summary Box
5 Years	2.15 % p.a Gross/AER*	Summary Box	3.00 % 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 Above advertised rates will be effective from 12th April 2019 and these rates can be changed at any time or withdrawn without notice.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 23 - 05 - 2019

Currency	Rate	Amount
GBP/INR	85.95	less than £250
GBP/INR	87.30	£250 to £1999
GBP/INR	87.40	£2000 to £5000
GBP/INR	87.45	£5001 to £10000
USD/INR	69.08	Up to $2000

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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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Interest Rates

Rates for 23 - 05 - 2019

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