Union Bank 2 Years FD rate: 6.9% (general) & 7.4% (senior citizen). Maturity for ₹5 Lakh: ₹5,73,313.
| Year | Deposit | Interest Earned | Maturity Value |
|---|
Union Bank of India offers 2 Years Fixed Deposit at 6.9% p.a. for general citizens and 7.4% p.a. for senior citizens. Interest is compounded quarterly. Premature withdrawal policy: 0.50% penalty on applicable rate.
Tenure: 2 Years · Quarterly compounding
| Deposit Amount | Maturity Amount | Interest Earned | Total Return |
|---|---|---|---|
| ₹25K | ₹28,666 | ₹3,666 | 14.7% |
| ₹50K | ₹57,331 | ₹7,331 | 14.7% |
| ₹1 Lakh | ₹1,14,663 | ₹14,663 | 14.7% |
| ₹2 Lakh | ₹2,29,325 | ₹29,325 | 14.7% |
| ₹5 Lakh | ₹5,73,313 | ₹73,313 | 14.7% |
| ₹10 Lakh | ₹11,46,625 | ₹1,46,625 | 14.7% |
| ₹25 Lakh | ₹28,66,564 | ₹3,66,564 | 14.7% |
| ₹50 Lakh | ₹57,33,127 | ₹7,33,127 | 14.7% |
| ₹1 Crore | ₹1,14,66,255 | ₹14,66,255 | 14.7% |
Union Bank offers 2 Years Fixed Deposit at 6.9% p.a. for general citizens and 7.4% p.a. for senior citizens in 2026. Rates are subject to change.
A ₹5 Lakh FD in Union Bank for 2 Years at 6.9% (quarterly compounding) will mature to approximately ₹5,73,313. The interest earned would be ₹73,313.
Yes, Union Bank offers an additional benefit for senior citizens with a rate of 7.4% p.a. for 2 Years FD, which is 0.50% higher than the general rate.
The minimum deposit amount for Union Bank Fixed Deposit is ₹1,000. Interest is compounded quarterly.
Yes, premature withdrawal is allowed. Union Bank's premature withdrawal policy: 0.50% penalty on applicable rate. It's recommended to keep the FD till maturity for maximum returns.