Union Bank of India Fixed Deposit Calculator

Calculate your FD returns with latest Union Bank rates

Highest FD Rate

7.8% p.a.

Best available rate by Union Bank across tenures

Rates Last Updated

Nov 2025

Rates updated regularly for accuracy

Official Union Bank Rates

Highest Rate: 7.8% for Senior Citizens

Best Rate: 7.3% for General Citizens

Min Investment: ₹1K only

Senior Citizen Benefit: Additional 0.5% on all tenures

Premature Penalty: Only 1%

TDS Limit: Interest up to ₹40,000 tax-free

Flexible Tenure: 7 days to 10 years

Auto-Renewal Available

Loan Against FD: Up to 90%

Online FD Booking Available

Government-owned bank with strong security

Merged entity strength

Pan-India presence

Affordable banking rates

Competitive interest rates

Super senior citizen benefits (80+ years)

Highest Rate: 7.8% for Senior Citizens

Best Rate: 7.3% for General Citizens

Min Investment: ₹1K only

Senior Citizen Benefit: Additional 0.5% on all tenures

Premature Penalty: Only 1%

TDS Limit: Interest up to ₹40,000 tax-free

Flexible Tenure: 7 days to 10 years

Auto-Renewal Available

Loan Against FD: Up to 90%

Online FD Booking Available

Government-owned bank with strong security

Merged entity strength

Pan-India presence

Affordable banking rates

Competitive interest rates

Super senior citizen benefits (80+ years)

Fixed Deposit Amount

₹

₹1,000₹20,00,000

Minimum amount varies by bank (typically ₹1,000)

General CitizenSenior Citizen (60+)

Investment Period

years

1 year10 years

Your Personal Income Tax Rate (%)

FD Maturity Summary

Best Fixed Deposit Rates Comparison 2025

Compare FD interest rates across top banks - General rates for 5 years

Bank

Interest Rate

Maturity

Interest

Compare

IDFC First

7.00%

₹1.41L

₹41.5K

IDFC First

5 years FD

7.00%

p.a.

Maturity

₹1.41L

Interest

₹41.5K

IndusInd

6.65%

₹1.39L

₹39.1K

IndusInd

5 years FD

6.65%

p.a.

Maturity

₹1.39L

Interest

₹39.1K

ICICI

6.60%

₹1.39L

₹38.7K

ICICI

5 years FD

6.60%

p.a.

Maturity

₹1.39L

Interest

₹38.7K

Axis

6.60%

₹1.39L

₹38.7K

Axis

5 years FD

6.60%

p.a.

Maturity

₹1.39L

Interest

₹38.7K

Union Bank

6.50%

₹1.38L

₹38.0K

Union Bank

5 years FD

6.50%

p.a.

Maturity

₹1.38L

Interest

₹38.0K

Bank of Maharashtra

6.50%

₹1.38L

₹38.0K

Bank of Maharashtra

5 years FD

6.50%

p.a.

Maturity

₹1.38L

Interest

₹38.0K

HDFC

6.40%

₹1.37L

₹37.4K

HDFC

5 years FD

6.40%

p.a.

Maturity

₹1.37L

Interest

₹37.4K

Kotak

6.40%

₹1.37L

₹37.4K

Kotak

5 years FD

6.40%

p.a.

Maturity

₹1.37L

Interest

₹37.4K

BOB

6.40%

₹1.37L

₹37.4K

BOB

5 years FD

6.40%

p.a.

Maturity

₹1.37L

Interest

₹37.4K

BOI

6.40%

₹1.37L

₹37.4K

BOI

5 years FD

6.40%

p.a.

Maturity

₹1.37L

Interest

₹37.4K

SBI

6.30%

₹1.37L

₹36.7K

SBI

5 years FD

6.30%

p.a.

Maturity

₹1.37L

Interest

₹36.7K

PNB

6.25%

₹1.36L

₹36.4K

PNB

5 years FD

6.25%

p.a.

Maturity

₹1.36L

Interest

₹36.4K

IOB

6.25%

₹1.36L

₹36.4K

IOB

5 years FD

6.25%

p.a.

Maturity

₹1.36L

Interest

₹36.4K

Canara Bank

6.25%

₹1.36L

₹36.4K

Canara Bank

5 years FD

6.25%

p.a.

Maturity

₹1.36L

Interest

₹36.4K

Indian Bank

6.00%

₹1.35L

₹34.7K

Indian Bank

5 years FD

6.00%

p.a.

Maturity

₹1.35L

Interest

₹34.7K

Highest Rate

7.00%

IDFC First

Max Interest

₹41.5K

Best Return

Rate Spread

1.00%

Difference

Banks Available

Compared

Union Bank Fixed Deposit Calculator Results

Compare different investment amounts and tenures

Union Bank Fixed Deposit Interest Rates

Latest interest rates for different tenures

Current FD Rates

Tenure	General Rate	Senior Citizen Rate
7-14 days	3.5%	4%
15-30 days	3.5%	4%
31-45 days	3.5%	4%
46-90 days	4.5%	5%
91-120 days	4.8%	5.3%
121-180 days	5%	5.5%
181-331 days	6.35%	6.85%
333 days	6.35%	6.85%
334-364 days	6.35%	6.85%
1 year	6.8%	7.3%
1-398 days	6.8%	7.3%
399 days	7%	7.5%
400-455 days	6.6%	7.1%
456 days	7.3%	7.8%
457 days-2 years	6.6%	7.1%
2-996 days	6.6%	7.1%
997 days	6.4%	6.9%
998 days-3 years	6.6%	7.1%
3 years	6.7%	7.2%
3-5 years	6.5%	7%
5-10 years	6.5%	7%

Important Notes

Min deposit: ₹1,000
Penalty: 1% on premature closure
TDS applicable if annual interest exceeds ₹40,000
Auto-renewal facility available

Key Benefits

Guaranteed returns with low risk
Better rates than savings accounts
Loan against FD facility
DICGC insurance up to ₹5,00,000

Tax & TDS on Union Bank Fixed Deposits

Understanding tax implications and deductions on your FD investments

Tax Deductions Available

Section 80C

Tax-saving FDs (5-year lock-in) qualify for deduction up to ₹1.5 lakh under Section 80C

Senior Citizens

Higher TDS exemption limit of ₹50,000 for citizens above 60 years

• Regular FDs don't qualify for Section 80C deduction

• Interest income is fully taxable as per income tax slab

• Form 15G/15H can be submitted to avoid TDS

TDS (Tax Deducted at Source)

TDS Rate

10%

Exemption Limit

₹40,000

TDS Calculation

TDS is deducted at 10% if total interest from all FDs with Union Bank exceeds ₹40,000 in a financial year

TDS is deducted at source by the bank

Form 26AS shows TDS deducted

Can be claimed as advance tax while filing ITR

No PAN: higher 20% TDS applies

Quick Tax Impact Calculator

₹5 Lakh FD

At 7.3% for 3 years

₹36,500

Annual Interest

TDS: ₹0

₹10 Lakh FD

At 7.3% for 3 years

₹73,000

Annual Interest

TDS: ₹3,300

₹25 Lakh FD

At 7.3% for 3 years

₹182,500

Annual Interest

TDS: ₹14,250

Union Bank Fixed Deposit FAQs

Everything you need to know about Union Bank Fixed Deposits, interest rates, and FD investment planning

What is the minimum amount required for Union Bank FD?

The minimum amount required to open a Union Bank of India Fixed Deposit is ₹1,000.

What is the current highest FD rate offered by Union Bank?

Union Bank of India currently offers up to 7.8% for senior citizens and 7.3% for general citizens on Fixed Deposits.

Is the interest earned on Union Bank FD taxable?

Yes, interest earned on Union Bank of India FD is taxable as per your income tax slab. TDS applicable if interest exceeds ₹40,000 per annum

Can I get a loan against my Union Bank FD?

Yes, Union Bank of India offers loans against FD up to 90-95% of the FD value at competitive interest rates.

Compare FD Rates Across Banks

Calculate Fixed Deposit returns with different banks and find the best rates

SBI

State Bank of India

7.0%

Best Rate

Min Amount

₹1K

Calculate Returns

HDFC

HDFC Bank

7.1%

Best Rate

Min Amount

₹5K

Calculate Returns

ICICI

ICICI Bank

7.1%

Best Rate

Min Amount

₹5K

Calculate Returns

Axis

Axis Bank

7.3%

Best Rate

Min Amount

₹5K

Calculate Returns

Kotak

Kotak Mahindra Bank

7.1%

Best Rate

Min Amount

₹5K

Calculate Returns

PNB

Punjab National Bank

7.1%

Best Rate

Min Amount

₹1K

Calculate Returns

Compare All Banks

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