Union Bank of India announced a new 1100 days term deposit scheme offering an interest of 9.15 per cent per annum.
The bank already offers a 700 days term deposit with an interest of 8.60 per cent which will run concurrently with the newly announced 1100 days plan.
In the April-December period, the bank has registered a deposit growth of 17.24 per cent as against the industrial average of 14.7 per cent.
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