Union Bank India Increases Interest Rates on its FCNR (B) Deposits upto 6.60% P.A.
Union Bank of India has increased interest rates on its FCNR (B) deposit scheme for non-resident Indians, effective June 23, 2026. The move follows RBI notifications regarding USD-INR swap facilities and aims to attract long-term foreign currency deposits.
Why it matters
This adjustment reflects broader banking sector efforts to manage foreign currency liquidity and provide competitive returns to the Indian diaspora.
Mumbai, June 23, 2026: In a major move to offer better returns to the Indian diaspora,
The content is a standard corporate press release regarding financial interest rate updates.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in