Union Bank Fixed Deposit (FD) Interest Calculator

Union Bank FD Calculator

Total Investment

₹

₹500 ₹30L

Enter Total Investment

Rate of Interest (Yearly)

%

1% 15%

Rate of Interest (Yearly)

Time Period

Years

1 Year 15 Years

Enter Time Period

Total Investment

Interest Earned

Maturity Amount

View Plans

How Does the Union Bank FD Calculator Work?

The Union Bank FD Calculator works using the compound interest method, which is applicable to cumulative fixed deposits. It calculates returns based on prevailing FD interest rates, including Union Bank FD interest rates, tenure, and compounding frequency.

The calculator automatically applies the formula and displays the final amount without any manual calculation.

Example to understand the formula

Suppose an investor deposits ₹2,00,000 in a Union Bank fixed deposit for 5 years at an annual interest rate of 7%, compounded yearly.

Here:

P = ₹2,00,000

r = 7% = 0.07

n = 1 (yearly compounding)

t = 5 years

Calculation:

A = 2,00,000 × (1 + 0.07/1)^(1 × 5)

After applying the formula, the maturity amount comes to approximately ₹2.81 lakh.

Based on the above calculation, an investment of ₹2,00,000 in a Union Bank fixed deposit for 5 years at an annual interest rate of 7% grows to approximately ₹2.81 lakh at maturity. The total interest earned during the tenure is around ₹80,500.

This outcome highlights how the Union Bank FD Calculator instantly displays maturity value and interest earnings, helping investors compare tenures, evaluate Union Bank senior citizens fd rates, and plan investments in Tax Saving FDs with greater clarity.

How to Use the Union Bank FD Calculator?

Using the Union Bank FD Calculator is simple and user-friendly. Follow these steps:

Step 1:Visit the official Union Bank website or the FD calculator page shown above.

Step 2:Enter the Total Investment amount you plan to deposit.

Step 3: Enter the applicable Rate of Interest (Yearly).

Step 4: Select the Time Period of investment in years.

Step 5:Review or modify inputs to compare different scenarios.

Step 6: On the right side, you will instantly see:

• Total Investment
• Interest Earned
• Maturity Amount

This helps you make quick comparisons and better FD decisions.

Union Bank FD Calculator Illustration

To understand how the Union Bank FD Calculator works, consider the following example.

Inputs entered:

Results displayed:

This illustration shows how the calculator helps investors compare different tenures, assess returns under Union Bank senior citizens fd rates, and plan investments in Tax Saving FDs more efficiently.

Advantages of Union Bank FD Calculator

The advantages of Union Bank FD calculator are:

• Accurate Results: Provides precise maturity and interest values based on inputs.
• Simple Interface: Easy to use, even for first-time investors.
• Quick Comparisons: Allows comparison of different FD Interest Rates and tenures.
• Better Financial Planning:Helps plan investments, including Tax Saving FDs, with clarity.
• Free Online: Accessible anytime without registration or cost.

Conclusion

The Union Bank of India FD Calculator is a reliable tool for estimating fixed deposit returns quickly and accurately. It simplifies FD planning by showing interest earned and maturity value in seconds. Whether you are a regular investor or exploring Union Bank senior citizens fd rates, the calculator helps you compare options with ease. Overall, it supports smarter, well-informed fixed deposit investment decisions.