Union Bank FD Calculator

The UNION Bank FD calculator computes the maturity amount of a fixed deposit based on the amount invested, the tenure selected, and the current interest rate. The calculator employs a predetermined formula that considers these variables and computes the total amount payable at maturity, including interest earned.

It is simple and quick to use the online Union Bank FD calculator. To use the online tool, follow these steps:

• Enter the principal amount you want to invest in the FD.
• Next, select the FD's tenure or duration.
• Choose the expected interest rate on the fixed deposit.

You can get an overview of the estimated interest and total amount due at maturity.

Let's look at an example to better understand the above steps. Assume you want to invest Rs. 60,000 in a 3-year fixed deposit at 7.5% p.a. Using the online FD calculator, calculate the interest and maturity proceeds as follows:

• Enter Rs. 60,000 in the tool's main field.
• Enter 7% p.a. as the interest rate.
• Enter 3 years as your tenure.
• Click the 'Calculate' button.

The FD calculator will quickly calculate the interest and maturity amount. The interest earned in this case is Rs.14,983. The maturity value is Rs. 74,983.

• Helps calculate the interest earned on fixed deposits accurately: Union Bank FD calculators accurately estimate fixed deposit interest and maturity amount. The calculator will calculate deposit interest based on the principal amount, tenure, and interest rate. This can help you estimate investment returns. Knowing the maturity amount beforehand can help you budget and invest.
• Helps make informed investment decisions: Using a Union Bank FD calculator, you can compare the potential earnings from different FD schemes and durations and choose the one with the best returns. This can help you invest wisely.
• Saves time and reduces the chances of errors in manual calculations: Calculating fixed deposit interest manually is time-consuming and error-prone. A Union Bank FD calculator saves time and reduces calculation errors. Knowing your calculations are accurate can give you confidence when investing.

The Union Bank of India provides its customers with a variety of Fixed Deposit (FD) schemes, including regular fixed deposit, tax saver fixed deposit, and union monthly plus fixed deposit. 

• The regular fixed deposit offers competitive interest rates and flexible tenures ranging from 6 months to 10 years. 
• The tax saver fixed deposit is a 5-year deposit plan that provides tax advantages under Section 80C of the Income Tax Act. 

Union Bank provides a variety of FD schemes to meet the diverse needs of its customers.

The Union Bank of India provides its customers with a variety of Fixed Deposit (FD) schemes, including regular fixed deposit, tax saver fixed deposit, and union monthly plus fixed deposit. 

• The regular fixed deposit offers competitive interest rates and flexible tenures ranging from 6 months to 10 years. 
• The tax saver fixed deposit is a 5-year deposit plan that provides tax advantages under Section 80C of the Income Tax Act. 

Union Bank provides a variety of FD schemes to meet the diverse needs of its customers.