by Suman Gupta
Mumbai-July,2019: Union Bank of India has revised the interest rates applicable to FCNR (B) Deposits w.e.f. 1st July, 2019.
The revised rates w.e.f. 1st July 2019 for various periods of maturity are as under:
FCNR (B) Deposits:
| PERIOD | USD < 300,000 | USD >= 300,000 | GBP | EUR | ||||
| Existing | Revised | Existing | Revised | Existing | Revised | Existing | Revised | |
| 1 YR<2YRS | 3.28 | 2.99 | 3.28 | 2.99 | 1.82 | 1.80 | 0.74 | 0.65 |
| 2YRS<3YRS | 2.88 | 2.63 | 2.98 | 2.73 | 1.63 | 1.59 | 0.48 | 0.38 |
| 3YRS<4YRS | 2.91 | 2.67 | 3.01 | 2.77 | 1.65 | 1.60 | 0.54 | 0.41 |
| 4YRS<5YRS | 2.91 | 2.67 | 3.01 | 2.77 | 1.67 | 1.62 | 0.58 | 0.46 |
| 5YRS ONLY | 2.84 | 2.66 | 2.94 | 2.76 | 1.60 | 1.55 | 0.56 | 0.43 |
FCNR (B) Deposits:
| PERIOD | JPY | CAD | AUD | |||
| Existing | Revised | Existing | Revised | Existing | Revised | |
| 1 YR<2YRS | 1.00 | 0.95 | 3.20 | 3.10 | 2.27 | 2.08 |
| 2YRS<3YRS | 0.72 | 0.66 | 2.58 | 2.54 | 1.97 | 1.79 |
| 3YRS<4YRS | 0.71 | 0.64 | 2.55 | 2.49 | 1.98 | 1.80 |
| 4YRS<5YRS | 0.71 | 0.63 | 2.54 | 2.47 | 2.12 | 1.91 |
| 5YRS ONLY | 0.62 | 0.54 | 2.45 | 2.38 | 2.08 | 1.87 |
