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.
The steps to use BankBazaar’s FD calculator are given below:
|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 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
The Union Bank FD calculator comes as a handy tool while making investment decisions. Using it has multiple benefits as mentioned below:
Yes, banks may charge a minimum fee ranging between 0.5% to 1%. The charges vary from bank to bank.
Yes, the Union Bank FD calculator can be used multiple times free of cost.
Some banks do allow availing a secured credit against the FD present in their bank.
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