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17-03-2022
Exchange Rate
GBP/INR 97.60 less than £250 98.90 £250 to £1999 99.00 £2000 to £4999 99.05 £5000 to £9999
USD/INR 75.62 Up to $2000
17-03-2022Exchange Rate
GBP/INR 97.60 less than £250
98.90 £250 to £1999 99.00 £2000 to £4999 99.05 £5000 to £9999
USD/INR 75.62 Up to $2000
We are making changes to our schedule of service charges and tariffs for Business and Individual accounts effective 01 April 2024. The new tariff will contain updates to account maintenance fees, transaction charges for deposits, withdrawals, and transfers, as well as changes to fees for other services. Please click on this link for more details : Union Bank of India (UK) LTD > Service Charges
Home>Personal Banking>Interest Rates

Interest Rates

For fixed deposit schemes for all tenures, interest is calculated as Simple Interest. Above advertised rates will be effective from 22nd January 2022 and these rates can be changed at any time or withdrawn without notice.
 

 
Interest rate (GBP)
 
Interest rate (USD)
 
Duration
£1000 to £1000000
Details
$5000 to $1000000
Details
Duration
1 Year
Interest rate (GBP)
% p.a Gross
1.40 % p.a Gross
Interest rate (GBP)
Details
Summary Box
Interest rate (USD)
% p.a Gross
0.80 % p.a Gross
Interest rate (USD)
Details
Summary Box
Duration
18 Months
Interest rate (GBP)
% p.a Gross
1.45 % p.a Gross
Interest rate (GBP)
Details
Summary Box
Interest rate (USD)
NIL
Interest rate (USD)
Details
Summary Box
Duration
2 Years
Interest rate (GBP)
% p.a Gross
1.60 % p.a Gross
Interest rate (GBP)
Details
Summary Box
Interest rate (USD)
% p.a Gross
0.80 % p.a Gross
Interest rate (USD)
Details
Summary Box
Duration
3 Years
Interest rate (GBP)
% p.a Gross
1.75 % p.a Gross
Interest rate (GBP)
Details
Summary Box
Interest rate (USD)
% p.a Gross
0.80 % p.a Gross
Interest rate (USD)
Details
Summary Box
Duration
4 Years
Interest rate (GBP)
% p.a Gross
1.80 % p.a Gross
Interest rate (GBP)
Details
Summary Box
Interest rate (USD)
% p.a Gross
0.80 % p.a Gross
Interest rate (USD)
Details
Summary Box
Duration
5 Years
Interest rate (GBP)
% p.a Gross
1.90 % p.a Gross
Interest rate (GBP)
Details
Summary Box
Interest rate (USD)
% p.a Gross
0.80 % p.a Gross
Interest rate (USD)
Details
Summary Box

Above rates are for retail and Business accounts deposit.

(per annum abbreviated as p.a)

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

We are pleased to announce 'Union Bank of India - Renewal Bonus'. Existing Retail Term Deposit customer who renew their Deposits will receive a loyalty bonus of 0.10% 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. 18th 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.
 

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