Union Bank raises interest rates in proportion to the balance in the account.
For savings account balances up to Rs 50 lakh, the bank is offering 2.75% interest, and for balances between Rs 50 lakh and Rs 100 crore, it is offering 2.90% interest..
In a similar vein, Union Bank is offering 3.10% interest on savings between Rs 100 crore and Rs 500 crore.
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