• Union Bank FD Calculator

    The FD calculator by the Union Bank of India is a specific digital tool that aids in determining investment returns on fixed deposits made at Union Bank. It is a handy tool for calculating returns regardless of the small or large amount one invests. To calculate, you need to enter the investment details like amount, interest rates and term.

    BankBazaar’s FD calculator

    The steps to use BankBazaar’s FD calculator are given below:

    • Step 1: Go to FD Calculator Page.
    • Step 2: Select the type of deposit, interest rate, tenure, and deposit amount.
    • Step 3: Click on ‘Calculate’.
    • Step 4: The total interest that is earned and the maturity amount will be displayed.

    Union Bank FD rates for less than Rs.2 crore

    Period Interest Rate (p.a.)
    7 – 14 Days 3.00%
    15 – 30 Days 3.00%
    31 – 45 Days 3.00%
    46 – 90 Days 3.50%
    91 - 120 Days 3.75%
    121 to 180 Days 4.30%
    181 Days to < 1 Year 4.40%
    1 Year 5.00%
    >1 Year to 2 Years 5.10%
    >2 Year to 3 Years 5.30%
    >3 Years to 5 Years 5.40%
    >5 Years to 10 Years 5.50%

    Note: Interest rates w.e.f 1 October 2021

    Benefits of using Union Bank FD calculator

    The Union Bank FD calculator comes as a handy tool while making investment decisions. Using it has multiple benefits as mentioned below:

    • The calculator is easy to use and calculates Return on Investment (ROI) quickly based on the inputs.
    • It is free of cost and accessible to everyone.
    • The results are accurate.
    • It is easier to compare between multiple investment options.

    FAQs on Union Bank FD Calculator

    1. Is there any charge for withdrawing FD prematurely?

      Yes, banks may charge a minimum fee ranging between 0.5% to 1%. The charges vary from bank to bank.

    2. Can Union Bank FD calculator be used multiple times?

      Yes, the Union Bank FD calculator can be used multiple times free of cost.

    3. Are there any loan benefits on getting an FD?

      Some banks do allow availing a secured credit against the FD present in their bank.

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