Union Bank of India Fixed Deposit (FD) Calculator
Union Bank of India FD Calculator allows prospective Union Bank FD applicants to determine the interest income and maturity value for different fixed deposit amounts and tenures. The online FD calculator takes into account the applicable Union Bank of India FD interest rates, principal amount and tenure to compute the total interest amount and maturity value.
How to Use Paisabazaar’s Union Bank of India FD Calculator
Prospective depositors can use Paisabazaar’s Union Bank of India FD Calculator by following the below mentioned steps:
- Enter the Union Bank of India FD interest rate, deposit amount and tenure in the FD calculator
- Click on ‘Calculate’
- The calculator will take a few seconds to compute the total FD maturity amount, principal and interest earned on your FD.
The FD maturity value depends on factors like the Union Bank of India FD interest rates, deposit tenure, principal FD amount and the type of FD chosen, i.e. cumulative or non-cumulative FD. Under non-cumulative FD, Union Bank of India offers monthly, quarterly and half-yearly interest payout options under its traditional plans. In the quarterly and half-yearly interest pay-out option, interest is credited in the current/saving account of the depositor on quarterly and half-yearly basis respectively. In the monthly pay-out option, interest is calculated quarterly and paid out to the depositor each month at a discounted rate. The interest component for Union Bank of India Cumulative FD option is calculated and compounded on quarterly rests and credited to the deposit account at half-yearly intervals. The interest component remains invested till FD maturity. Union Bank of India FD monthly payout option is suited for depositors needing fixed monthly income on a regular basis to meet their expenses. The cumulative investment option, on the other hand, helps depositors take advantage of the power of compounding, as the interest component remains invested in the deposit account and starts generating interest income as well.
Also Read: Which bank offers maximum interest on FD?
Comparison of Top 20 Scheduled Banks based on FD Rates
Banks | Highest FD rate (% p.a.) | 1-year FD rate (% p.a.) | 3-year FD rate (% p.a.) | 5-year FD rate (% p.a.) | Additional interest rate for senior citizens (% p.a.) |
| Unity Small Finance Bank | 9.00 | 7.85 | 8.15 | 8.15 | 0.50 |
| North East Small Finance Bank | 9.00 | 7.00 | 9.00 | 6.25 | 0.50 |
| Suryoday Small Finance Bank | 8.60 | 8.25 | 8.25 | 8.60 | 0.50 |
| Shivalik Small Finance Bank | 8.55 | 6.00 | 7.50 | 6.50 | 0.50 |
| Utkarsh Small Finance Bank | 8.50 | 8.00 | 8.50 | 7.75 | 0.60 |
| ESAF Small Finance Bank | 8.38 | 6.00 | 6.75 | 6.25 | 0.50 |
| Jana Small Finance Bank | 8.25 | 8.25 | 8.25 | 8.20 | 0.50 |
| Ujjivan Small Finance Bank | 8.25 | 8.10 | 7.20 | 7.20 | 0.50 |
| Equitas Small Finance Bank | 8.25 | 8.10 | 8.00 | 7.25 | 0.50-0.75 |
| SBM Bank | 8.25 | 7.05 | 7.30 | 7.75 | 0.50 |
| AU Small Finance Bank | 8.10 | 7.25 | 7.50 | 7.25 | 0.50 |
| DCB Bank | 8.05 | 7.10 | 7.50 | 7.40 | 0.50 |
| Bandhan Bank | 8.05 | 8.05 | 7.25 | 5.85 | 0.50-0.75 |
| RBL Bank | 8.00 | 7.50 | 7.50 | 7.10 | 0.50 |
| Induslnd Bank | 7.99 | 7.75 | 7.25 | 7.25 | 0.50 |
| IDFC First Bank | 7.90 | 6.50 | 6.80 | 6.75 | 0.50 |
| YES Bank | 7.75 | 7.25 | 7.25 | 7.25 | 0.50-0.75 |
| Central Bank of India | 7.50 | 6.85 | 7.00 | 6.75 | 0.50 |
| Punjab & Sind Bank | 7.45 | 6.30 | 6.00 | 6.00 | 6.00 |
| HDFC Bank | 7.40 | 6.60 | 7.00 | 7.00 | 0.50 |
Union Bank of India FD Interest Rates
Union Bank FD Interest Rates of Domestic/NRO Deposits of less than Rs 3 Crore w.e.f. 1 January 2025
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 days to 14 days | 3.50 | 4.00 |
| 15 days to 30 days | 3.50 | 4.00 |
| 31 days to 45 days | 3.50 | 4.00 |
| 46 days to 90 days | 4.50 | 5.00 |
| 91 days to 120 days | 4.80 | 5.30 |
| 121 days to 180 days | 5.00 | 5.50 |
| 181 days to less than 332 days | 6.35 | 6.85 |
| 333 days | 6.35 | 6.85 |
| 334 days to less than 1 year | 6.35 | 6.85 |
| 1 year | 6.80 | 7.30 |
| Above 1 year to 398 days | 6.80 | 7.30 |
| 399 days | 7.00 | 7.50 |
| 400 days to 455 days | 6.60 | 7.10 |
| 456 days | 7.30 | 7.80 |
| 457 days to 2 years | 6.60 | 7.10 |
| Above 2 years to 996 days | 6.60 | 7.10 |
| 997 days | 6.40 | 6.90 |
| Above 998 days to less than 3 years | 6.60 | 7.10 |
| 3 years | 6.70 | 7.20 |
| Above 3 years to 5 years | 6.50 | 7.00 |
| Above 5 years to 10 years | 6.50 | 7.00 |
Note: For super senior citizens aged 80 years and above, the bank offers an additional 0.25% p.a. interest rate offered to senior citizens.
Note: FD rates as of 24 January 2025
Advantages of Using Union Bank of India FD Calculator
The main benefits of using online Union Bank of India FD Calculator are as follows:
Free of Cost
Prospective depositors can use the Union Bank of India FD calculator tool a number of times, without charge, to compare and evaluate the overall returns for different combinations of FD interest rates, principal amount and FD tenure.
Saves Time
The process of calculating the FD maturity value manually can be laborious and time taking, which can lead to human errors. The automated calculation process used by Union Bank of India FD calculator helps save time along with providing reliably accurate results.
Know Your Returns in Advance
Union Bank of India FD calculator provides reliable estimates of the total investment earnings. Therefore, prospective FD applicants can use the Union Bank of India FD calculator to make well-informed decisions based on their liquidity needs and cash flows before opting for a fixed deposit.