Union Bank FD Scheme 456 Days : If you want to save for your future and are looking for a safe investment option, the Union Bank Fixed Deposit Scheme (Union Bank FD Scheme) can be a great choice for you. Union Bank has launched a special 456-day FD plan that offers attractive interest rates and guaranteed returns on your investment. If you invest in this 456-day FD, let’s understand how much interest you can earn and why this FD is more beneficial compared to other deposit options.
Key Features of the FD Scheme
- Union Bank’s 456-day FD offers higher interest rates compared to other deposit schemes.
- Under this FD plan, regular customers receive an attractive interest rate of 7.30% per annum.
- Senior citizens earn 7.80% per annum, while super senior citizens (above 80 years) get a high return of 8.15% per annum.
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This FD scheme ensures guaranteed maturity returns along with complete safety of the deposited amount.
Maturity Value on ₹5 Lakh Investment
If you invest ₹5 lakh under the Union Bank 456-day FD Scheme, your maturity amount will be as follows:
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For Regular Customers:
At an interest rate of 7.30%, you will earn ₹47,293 as interest, making your total maturity amount ₹5,47,293. -
For Senior Citizens:
At an interest rate of 7.80%, you will earn ₹50,659 as interest, making your total maturity amount ₹5,50,659.
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For Super Senior Citizens (Above 80 years):
At an interest rate of 8.15%, you will earn over ₹52,000 as interest, making your total maturity amount more than ₹5,52,000.
Why Union Bank FD is a Better Option
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Government-Owned Bank: Union Bank is a public sector bank that ensures complete safety and reliability of your investment.
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Higher Returns for Senior Citizens: The scheme offers higher interest rates to senior and super senior citizens, helping them maximize their post-retirement savings.
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Easy Account Opening: Customers can open an FD easily through Union Bank branches, internet banking, or the mobile app.
