Union Bank of India
Fixed Deposit Calculator
Highest FD Rate
7.8% p.a.
Best available rate by Union Bank across tenures
Union Bank Fixed Deposit Calculator
Minimum amount varies by bank (typically ₹1,000)
Best Fixed Deposit Rates Comparison 2025
Compare FD interest rates across top banks - General rates for 5 years
IndusInd
Maturity
₹1.39L
Interest
₹39.1K
ICICI
Maturity
₹1.39L
Interest
₹38.7K
Axis
Maturity
₹1.39L
Interest
₹38.7K
Union Bank
Maturity
₹1.38L
Interest
₹38.0K
SBI
Maturity
₹1.38L
Interest
₹37.7K
HDFC
Maturity
₹1.37L
Interest
₹37.4K
Kotak
Maturity
₹1.37L
Interest
₹37.4K
BOB
Maturity
₹1.37L
Interest
₹37.4K
PNB
Maturity
₹1.36L
Interest
₹36.4K
IOB
Maturity
₹1.36L
Interest
₹36.4K
Canara Bank
Maturity
₹1.36L
Interest
₹36.4K
Highest Rate
6.65%
IndusInd
Max Interest
₹39.1K
Best Return
Rate Spread
0.40%
Difference
Banks Available
11
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
| 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
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 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
₹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 lumpsum investments
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