City Union Bank offers FD interest rates of 5.00-7.25% p.a. to the general public and 5.00-7.75% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on City Union Bank Tax Saving FDs is 7.10% p.a. for the general public for tenures of 5 years. The bank also offers various fixed deposit products for NRIs, such as NRO, NRE, RFC, and FCNR (B) fixed deposits. City Union Bank accepts FCNR (B) fixed deposits in US Dollars (USD), British Pound Sterling (GBP), Euro (EUR), Japanese Yen (YEN), Canadian Dollar (CAD), Australian Dollar (AUD), and Singapore Dollar (SGD). The bank accepts RFC fixed deposits in USD, GBP, EUR and SGD.
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FD Starts from Rs 2000
Card Limit = 90% of FD
*Rates are subject to change as per the bank's discretion.
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City Union Bank FD Interest Rates (p.a.) Highlights 2024 |
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| Highest slab rate | 7.50% (for 333 days) |
| For 1 year | 7.00% |
| For 2 years | 6.50% |
| For 3 years | 6.50% |
| For 4 years | 6.25% |
| For 5 years | 6.25% |
| Tax-Saving FD | 7.10% |
The interest rates are updated as of 17 December 2024
FDs of up to ₹5 lakhs insured by RBI
No hassle of opening a saving account
No documentation
| Period | Interest Rates (% p.a.) | ||
| Regular Citizens | Senior Citizens | Super Senior Citizens | |
| 7 days to 14 days | 5.00 | 5.00 | 5.00 |
| 15 days to 45 days | 5.50 | 5.50 | 5.50 |
| 46 days to 90 days | 5.75 | 5.75 | 5.75 |
| 91 days to 180 days | 6.00 | 6.00 | 6.00 |
| 181 days to 270 days | 6.25 | 6.50 | 6.50 |
| 271 days to 332 days | 6.50 | 6.75 | 6.75 |
| 333 days | 7.50 | 8.00 | 8.10 |
| 334 days to 400 days | 7.00 | 7.25 | 7.30 |
| 401 days to 3 years | 6.50 | 6.75 | 6.75 |
| Above 3 years to 10 years | 6.25 | 6.50 | 6.50 |
Note: The senior citizen rates will not be applicable to NRO deposits
Card limit is 90% of FD Amount
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6.5%INTEREST ON FD
| Tenure | Interest Rates (% p.a.) |
| 5 years | 7.10 |
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| Period | Interest Rates (% p.a.) |
| 365 days to 399 days | 7.00 |
| 401 days to 3 years | 6.50 |
| Above 3 years to 10 years | 6.25 |
| Period | Interest Rates (% p.a.) | ||||||
| USD | GBP | EUR | YEN | CAD | AUD | SGD | |
| 1 year to less than 2 years | 5.70 | 5.25 | 4.00 | 0.20 | 4.65 | 4.50 | 4.00 |
| 2 years to less than 3 years | 4.75 | 4.75 | 2.50 | 0.20 | 4.30 | 4.35 | 0.00 |
| 3 years to less than 4 years | 4.50 | 4.00 | 2.00 | 0.20 | 4.30 | 4.25 | 0.00 |
| 4 years to less than 5 years | 4.50 | 4.00 | 2.00 | 0.20 | 4.00 | 4.25 | 0.00 |
| 5 years only | 4.50 | 4.00 | 2.00 | 0.20 | 4.00 | 4.25 | 0.00 |
| Period | Interest Rates (% p.a.) | |||
| USD | GBP | EUR | SGD | |
| 1 year to less than 2 years | 5.70 | 5.25 | 4.00 | 0.75 |
| 2 years to less than 3 years | 4.75 | 4.75 | 2.50 | 0.00 |
| 3 years | 4.50 | 4.00 | 2.00 | 0.00 |
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In times of need, investors of City Union Bank are provided with the option to withdraw funds from their FD accounts before it matures. This premature withdrawal facility is provided in the regular fixed deposit scheme as well as the Flexifix scheme. Please note that the tax-saver scheme does not extend any such provision.
Investors can take loan against fixed deposit on certain interest that is decided by the bank. The Flexifix term deposit scheme extends the alternative to opt for the overdraft facility. It should be noted that no such facility is available when one goes for a CUB Tax-Saver Scheme.
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FD Calculator is a tool that helps in calculating the potential returns that one shall get at maturity on investing in a fixed deposit. City Union Bank FD Calculator available at Paisabazaar.com can be used to calculate the maturity amount for CUB FDs. Enter details like deposit amount, prevailing City Union Bank FD rates and tenure and the tool shall provide you with potential earnings on FD.
Q. What is the maximum interest rate one can avail with CUB FDs?
A. Currently, the highest CUB FD interest rate is provided at 7.50% for a tenure of 333 days and senior citizens can earn 8.00% on the same tenure
Q. Who can open a fixed deposit account with City Union Bank?
A. Resident individuals as well Hindu Undivided Families are eligible to open a fixed deposit with City Union Bank.
Q. What is the FD rate for senior citizens in City Union Bank?
A. City Union Bank provides differential fixed deposit rates to senior citizens. For deposits maturing in 1 year, 0.50% extra interest rate is offered whereas for FD maturing between more than 1 year to 10 years, the bank offers 0.25% extra.
Q. Who is considered a senior citizen?
A. A person who has completed the age of 60 years is termed a senior citizen by the bank.
Q. What is the tenure for City Union Bank NRE term deposits?
A. NRE fixed deposits can be made for a period ranging from 1 year to 10 years.
Q. For how many years can a person hold FCNR account with CUB?
A. FCNR fixed deposit account can be held for up to 5 years with City Union Bank.
Q. Does the bank levy any penal charges for premature withdrawal?
A. Yes. City Union Bank charges a penalty of 1% on premature withdrawal of FD.
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