Interest Rates

Welcome to Union Bank of India (UK) Ltd

Please Note** '' The Bank has reviewed and revised it's interest rate offered on Saving Accounts (Easy Access Accounts) in GBP & USD currency from 0.50% P.A. to 0.30% P.A. wef. 18th March 2021. Bank is currently reviewing & will be revising the Interest rate on the term deposits w.e.f 18th Feb 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	0.65 % p.a Gross	Summary Box
18 Months	0.50 % p.a Gross	Summary Box	0.65 % p.a Gross	Summary Box
2 Years	0.60 % p.a Gross	Summary Box	0.65 % p.a Gross	Summary Box
3 Years	0.60 % p.a Gross	Summary Box	0.65 % p.a Gross	Summary Box
4 Years	0.80 % p.a Gross	Summary Box	0.65 % p.a Gross	Summary Box
5 Years	0.90 % p.a Gross	Summary Box	0.65 % 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 Above advertised rates will be effective from 18^th February 2021 and these rates can be changed at any time or withdrawn without notice.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 13 - 04 - 2021

Currency	Rate	Amount
GBP/INR	101.20	less than £250
GBP/INR	102.55	£250 to £1999
GBP/INR	102.65	£2000 to £5000
GBP/INR	102.70	£5001 to £10000
USD/INR	74.41	Up to $2000

Click here for Interest Rates

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

We are here to help you

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

Click here for Union Bank of India

Your cookie settings

Cookies are very small text files that are stored on your computer when you visit some websites.

We use cookies to make our website easier for you to use. You can remove any cookies already stored on your computer, but these may prevent you from using parts of our website.

Use the slider below to see the different types of cookies you can choose to allow.

Drag the slider across to change your cookie settings

Strictly Necessary

Functional
Statistics

Functional
Statistics

Strictly Necessary
Functional
Statistics

This website will:

This website will not:

Cancel Save and Close

Find out more about Cookies
For your new settings to take effect, this page will automatically refresh when you click 'Save and close'.

Privacy Policy We have placed cookies on your device to enhance your browsing experience. We are collecting cookies for marketing purposes. To allow all cookies click OK. Otherwise you can use this tool to manage.

OK Manage