The Reserve Bank of India has decided to keep the repo rate unchanged at 5.25% in its latest Monetary Policy Committee (MPC) meeting.
This means banks are unlikely to change their fixed deposit (FD) interest rates right now.
So, investors will neither see an increase nor a decrease in FD returns for the time being.
Against this stable interest rate environment, Union Bank of India is continuing to offer attractive FD schemes, especially on medium-term deposits like the 444-day plan.
Union Bank FD Interest Rates: Up to 7.35% Return
Union Bank of India is currently offering FD interest rates ranging from 2.75% to 7.35%, depending on the tenure and customer category.
The bank provides flexible deposit options, starting from as short as 7 days and going up to 10 years.
Here’s a simple breakdown of interest rates:
7-day FD: 2.75% to 3.50%
121-day FD: 5.50% to 6.25%
271-day FD: 6.10% to 6.85%
444-day FD: 6.60% to 7.35%
Among these, the 444-day FD is currently one of the most attractive options for investors looking for better short-to-medium term returns.
What Happens If You Invest ₹4 Lakh in a 444-Day FD?
If you invest ₹4 lakh in the 444-day FD scheme of Union Bank of India, your maturity amount will depend on your customer category.
For general citizens, the total maturity amount will be ₹4,33,154, which includes an interest gain of ₹33,154.
For senior citizens, the return is slightly higher.
They will receive ₹4,35,752 at maturity, earning ₹35,752 as interest.
Very senior citizens get the highest benefit.
Their maturity amount comes to ₹4,37,056, with an interest gain of ₹37,056.
Key Takeaway for Investors
With the repo rate staying unchanged, FD returns are expected to remain steady for now.
In this situation, Union Bank’s 444-day FD stands out as a balanced option for those looking for stable and predictable returns without market risk.
