# Union Bank FD Calculator

Total Investment

Interest rate

%

1%

15%

Select Duration

Yrs

1 Yr

30 Yrs

The future value of investment will be

Invested Amount

0

Estimated Return

0

What Is the Union Bank FD Calculator?

The UNION Bank FD calculator is an online tool that helps you calculate the interest earned on your Angel One. You can use it to quickly and easily determine how much you can earn on your FD investment.

The calculator will then generate a detailed breakdown of your investment's interest earnings, including total interest, maturity amount, and effective yield.

This calculator can assist you in making informed decisions about your Union Bank of India FD investment. You can compare the interest rates offered by various deposit tenures and select the best option that meets your financial objectives. The UNION Bank FD calculator is an excellent resource for anyone to calculate the fd value with Angel One.

How Does the Union Bank FD Calculator Work?
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.
What Is the Union Bank FD Calculator Formula?

The FD formula takes three factors into consideration: principal, interest rate, and tenure.

The Union Bank FD calculator formula is as follows:

Maturity Amount= p (1+r/n) ^ nt

Where,

p = principal amount

r = rate of interest

n = frequency of compounding

t = tenure

How to Use the Union Bank FD Calculator Online?

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.

Benefits of Using a Union Bank FD Calculator
• 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.
Types of FD Schemes offered by Union Bank

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.

Factors Influencing Union Bank FD Earnings

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.

## FAQs

What is the Union Bank FD Calculator?This is a Question The Union Bank FD Calculator is an online tool that allows you to calculate the interest earned and maturity value of your Union Bank fixed deposit. It estimates the interest earned by taking into account the deposit amount, tenure, and interest rate.
How to use the Union Bank FD Calculator online? Visit the Angel One website and navigate to the Union Bank FD calculator page to use the online tool. Then, enter variables such as the deposit, tenure, and interest rate that apply to the FD. Following that, the calculator calculates the interest and maturity amount you can earn at the end of the tenure.
Is the Union Bank FD Calculator free to use? Yes, the Union Bank FD Calculator is free to use. You can access it on the Angel One website without any charges or fees. It helps you calculate the interest earned on your fixed deposit account.
Is the Union Bank FD calculator free to use? Yes, you can use the Union Bank FD calculator for free. It is freely available on the Angel One website and can be accessed by anyone. The calculator assists customers in calculating their prospective fixed deposit earnings.

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