City Union Bank offers a diversified array of Fixed Deposit (FD) schemes, offering competitive interest rates for diverse financial goals and timeframes. With CUB FD rates you can choose from short-term liquidity or long-term capital appreciation, CUB's portfolio has a solution for your investment aspirations.
CUB FD interest rates vary depending on the tenure of the deposit. For example, the City Union Bank FD rate for 1-year is 6.5%, while the CUB FD rates for a 5-year CUB FD is 7.5%. The interest rates are also affected by the amount of money deposited. For example, the interest rate for a 1-year CUB FD with a deposit of Rs. 1 lakh is 6.5%, while the interest rate for a 1-year CUB fixed deposit of Rs. 10 lakh is 7%.
CUB Fixed Deposits are a good option for investors who are looking for a safe and secure investment option with a good return. City Union Bank FDs are a good option for investors looking for an investment option with a fixed interest rate.
CUB FD Rates 2024 (Below 2 Crores)
CUB FD schemes are offered for both Domestic Term Deposits and Non-Resident Ordinary (NRO) Deposits below 2 Crores. These FDs provide individuals with an opportunity to earn returns on their savings with varying interest rates. The table below shows the CUB bank FD rates based on varying tenure:
| FD Tenure | FD Interest Rates (p.a.) General Public |
FD Interest Rates (p.a.) Senior Citizens |
|---|---|---|
| 7 days to 14 days | 5.00% | 5.00% |
| 15 days to 45 days | 5.50% | 5.50% |
| 46 days to 90 days | 5.75% | 5.75% |
| 91 days to 180 days | 6% | 6% |
| 181 days to 270 days | 6.25% | 6.50% |
| 271 days to 364 days | 6.50% | 6.75% |
| 365 days to 399 days | 6.75% | 7.00% |
| 400 days | 6.50% | 6.75% |
| 401 to 3 years | 6.50% | 6.75% |
| Above 3 Years up to 10 Years | 6.25% | 6.50% |
| Tax Saver | 6.50% | NA |
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*Note- The interest rates are subject to change. Please check the official website for the latest information.What is CUB FD Interest Rates 444 Days?
City Union Bank Offers an FD interest rate of 7% for a tenure of 400 Days and for senior citizen it is 7.5%.
The highest CUB FD interest rate for domestic deposits under 2 crore is for 400 Days. For a period of 444 days the interest offered is at 6.50%(p.a).
CUB FD Rates on NRE Deposits (Below ₹2 Crores)
City Union Bank FD provides an attractive NRE fixed deposit (FD) offering. CUB FD interest rates go up to 7.00% p.a. on deposits below Rs. 2 crores. Note that for NRE term deposits, senior citizen rate is not applicable. Check the table below to know more.
| FD Tenures | FD Interest Rates % (p.a.) |
|---|---|
| 365 days to 399 days | 6.75% |
| 400 days | 7.00% |
| 401 to 3 Years | 6.50% |
| Above 3 Years up to 10 Years | 6.25% |
Curious about your CUB FD Interest & maturity amount? Use a FD calculator!
Before you deposit your money in FD, it's wise to estimate your potential return / maturity amount. Use CUB FD Calculator to calculate your FD interest & maturity amount.
CUB FD Interest Rates (Above ₹2 Crore)
City Union Bank caters to investors with competitive Bulk Fixed Deposit (FD) schemes. Check Domestic/NRO Rupee Term deposits of Rs.2.00 Cr (Bulk Deposit) and above from below. The interest rates for this CUB FD scheme for callable bulk deposits starts at 6.20% to up to 7.70% p.a.
Domestic/NRO Rupee Term Deposits (Callable Bulk Deposit) of Above ₹2 Cr
| Tenure | ₹2 to 5 Cr | ₹5 to 10 Cr | ₹10 to 75 Cr | ₹75 to 100 Cr | ₹100 to 250 Cr | ₹250 Cr & Above |
|---|---|---|---|---|---|---|
| 7 days to 14 days | 6.20% | 6.25% | 6.35% | 6.40% | 6.45% | 6.50% |
| 15 days to 45 days | 6.30% | 6.35% | 6.45% | 6.50% | 6.55% | 6.55% |
| 46 days to 90 days | 6.35% | 6.40% | 6.55% | 6.55% | 6.60% | 6.60% |
| 91 days to 180 days | 6.50% | 6.55% | 6.75% | 6.75% | 6.75% | 6.75% |
| 181 days to 270 days | 6.50% | 6.55% | 6.75% | 6.75% | 6.75% | 6.75% |
| 271 days to 364 days | 7.10% | 7.10% | 7.15% | 7.15% | 7.25% | 7.40% |
| 365 Days to 399 days | 7.65% | 7.65% | 7.65% | 7.65% | 7.65% | 7.65% |
| 400 Days | 7.15% | 7.15% | 7.15% | 7.15% | 7.40% | 7.40% |
| 401 Days to 3 years | 6.70% | 6.70% | 6.70% | 6.70% | 6.70% | 6.70% |
| Above 3 years to 10 years | 6.70% | 6.70% | 6.70% | 6.70% | 6.70% | 6.70% |
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*Note- The interest rates are subject to change. Please check the official website for the latest informationDomestic / NRO Rupee Term Deposits (Non Callable Bulk Deposit - CUB Deposit PLUS) of ₹2 Cr & Above
| Tenure | ₹2 to 75 Cr | ₹75 to 100 Cr | ₹100 to 250 Cr | ₹250 Cr & Above |
|---|---|---|---|---|
| 7 days to 14 days | -- | -- | -- | -- |
| 15 days to 45 days | -- | -- | -- | -- |
| 46 days to 90 days | -- | -- | -- | -- |
| 91 days to 180 days | 6.85% | 6.85% | 6.85% | 6.85% |
| 181 days to 270 days | 6.85% | 6.85% | 6.85% | 6.85% |
| 271 days to 364 days | 7.20% | 7.25% | 7.40% | 7.45% |
| 365 Days to 399 days | 8.00% | 8.00% | 8.00% | 8.00% |
| 400 Days | 7.20% | 7.20% | 7.20% | 7.20% |
| 401 Days to 3 years | -- | -- | -- | -- |
| Above 3 years to 10 years | -- | -- | -- | -- |
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*Note- The interest rates are subject to change. Please check the official website for the latest informationLooking for a personal loan?
CUB NRE FD Rates (Above ₹2 Crores)
Check NRE Rupee Term deposits rates of ₹2 Cr (Callable Bulk Deposit) and above offered by City Union Bank.
NRE Rupee Term deposits Rates of ₹2 Cr & above (Callable Bulk Deposit)
| Tenure | ₹2 to 100 Cr | ₹100 Cr & Above |
|---|---|---|
| 365 Days to 399 days | 7.65% | 7.65% |
| 400 Days | 7.15% | 7.40% |
| 401 Days to 3 years | 6.70% | 6.70% |
| Above 3 years to 10 years | 6.70% | 6.70% |
NRE Rupee Term deposits Rates of ₹2 Cr & above (Non Callable Bulk Deposit-CUB Deposit PLUS)
| Tenure | ₹2 to 5 Cr | ₹5 to 100Cr | ₹100 Cr & Above |
|---|---|---|---|
| 365 Days to 399 days | 8.00% | 8.00% | 8.00% |
| 400 Days | 7.20% | 7.50% | |
| 401 Days to 3 years | -- | -- | -- |
| Above 3 years to 10 years | -- | -- | -- |
CUB FCNR(B) FD Rates
Check the FCNR(B) FD rates offered by City Union Bank from below:
| Period | USD | GBP | EUR | YEN | CAD | AUD | SGD |
|---|---|---|---|---|---|---|---|
| 1 to 2 Year | 6.00% | 5.60% | 3.45% | 0.20% | 4.65% | 4.35% | 0.25% |
| 2 to 3 Year | 5.57% | 5.00% | 2.50% | 0.20% | 4.65% | 4.35% | 0.25% |
| 3 to 4 Year | 5.05% | 4.10% | 0.00% | 0.20% | 4.65% | 4.35% | 0.25% |
| 4 to 5 Year | 5.00% | 4.10% | 0.00% | 1.65% | 4.50% | 4.25% | 0.25% |
| 5 Year | 5.00% | 4.10% | 0.00% | 1.55% | 4.50% | 4.25% | 0.25% |
CUB RFC Deposit Rates
Check the RFC deposit rates offered by City Union Bank from below:
| Period | USD | GBP | EUR | SGD |
|---|---|---|---|---|
| 1 to 2 Year | 6.00% | 5.60% | 3.45% | 0.25% |
| 2 to 3 Year | 5.57% | 5.00% | 2.50% | 0.25% |
| 3 Years | 5.05% | 4.10% | 0.00% | 0.25% |
Minimum Amount for CUB Fixed Deposit
To open a Fixed Deposit (FD) with CUB, there is a minimum amount requirement. This amount ensures that customers can make a meaningful investment and benefit from competitive interest rates.
The table below shows the minimum amount of deposit required for CUB FD schemes:
| Minimum Amount of Deposit | |
|---|---|
| Individuals | Rs 100 and Multiples of the same |
| MSMEs | Rs 1000 and Multiples of the same |
| Corporates | Rs 10000 and Multiples of the same |
Features and Benefits of CUB Fixed Deposit
CUB (City Union Bank) Fixed Deposit is a secure and reliable investment option offered by City Union Bank in India. It allows individuals to deposit a specific amount of money for a predetermined period, earning a fixed interest rate.
Here are some features of CUB FD rates:
- Competitive Interest Rates: Earn attractive interest rates on your deposits with options ranging from simple to compounding interest and additional rates for senior citizens and tax-saving schemes.
- Flexible Tenures: Invest for as little as 7 days or up to 10 years, choose the tenure that aligns with your financial goals and liquidity needs.
- Minimum Deposit Flexibility: Start small with a minimum deposit of Rs. 1,000 for regular FDs and Rs. 1 crore for Bulk FDs (deposits above Rs. 2 crores).
- Multiple Interest Payout Options: Receive interest payouts monthly, quarterly, half-yearly, or annually for income flexibility.
- Premature Closure Option: Access your funds before maturity with applicable penalty charges.
- Automatic Renewal Option: Extend your FD maturity term automatically for hassle-free reinvestment.
- Tax Deduction Benefits: Avail tax deductions under Section 80C for specific tax-saving FD schemes.
- Convenient Online Management: Open, manage, and track your FD account through CUB's online banking platform and mobile app.
Documents Required To Open City Union Bank FD
When opening a Fixed Deposit (FD) account with City Union Bank (CUB), there are certain documents that you will need to provide. These documents are necessary to complete the account opening process and comply with regulatory requirements.
ID proof:
- Passport
- PAN card
- Voter’s Identity Card
- Driving licence
- Identity card /confirmation from the employer/other bank (subject to branch’s satisfaction)
- ID card issued by recognised Educational Institutions
- ID issued by Postal Authorities
- Letter from a recognised public authority or public servant (not below the rank of the Tahsildar) verifying the identity and residence of the customer to the satisfaction of Bank
- Job card issued by NREGA duly signed by an officer of the State Government
- Letter issued by the Unique Identification Authority of India containing details of name, address & Aadhar number
Address proof:
- Passport
- Voter’s Identity card
- Driving licence
- Telephone bill (not older than two months – installation should be atleast before 6 months)
- Bank account statement
- Letter from a recognized public authority or public servant (not below the rank of the Tahsildar) verifying the identity and residence of the customer to the satisfaction of Bank
- Electricity bill (latest)
- Ration card
- Letter from employer (subject to satisfaction of the Bank)
- ID issued by Postal Authorities
- Job card issued by NREGA duly signed by an officer of the State Government, Letter issued by the Unique Identification Authority of India containing details of name, address & Aadhar number
- Consumer Pass Book issued by Gas Agency
- A rent agreement indicating the address of the customer duly registered with State Government or similar registration authority
Types of CUB Fixed Deposits Schemes
Let’s go through the different FD schemes offered by City Union Bank from below:
CUB Fixed Deposit Scheme
City Union Bank (CUB) offers a diverse range of Fixed Deposit (FD) schemes to cater to various needs and preferences.
Features:
- Minimum Deposit to bulk deposits above Rs 1 Crore is accepted.
- Tenure: Range from 7 days to 10 years
- Interest:Simple interest payable monthly, quarterly, half-yearly, or annually
- Cumulative interest option with quarterly compounding for enhanced returns
- Additional interest rate for Senior Citizens (60 years and above)
Convenience:
- Online account opening
- Pre-closure and auto-renewal options available
- Loan and overdraft facilities offered on select FDs
- Taxation: TDS applicable at prevailing Income Tax rates
CUB Flexifix Deposit Scheme
The CUB Flexifix Deposit is a unique fixed deposit scheme offered by City Union Bank (CUB) that combines the benefits of a traditional FD with the flexibility of withdrawals.
Features:
- Flexibility: Allows you to withdraw a portion of your deposit in multiples of Rs. 5,000 without impacting the interest earned on the remaining balance.
- Fixed Interest: Earns consistent interest on the invested amount, similar to a regular FD.
- Choice of Tenure: Choose from a minimum term of 30 days to a maximum of 5 years.
- Minimum Deposit: Start with a minimum investment of Rs. 10,000 and multiples thereafter.
- Simple Interest: Interest is calculated on the principal remaining after each withdrawal.
Other Features to Consider:
- Limited Withdrawals: You can only withdraw a certain number of times depending on the deposit tenure.
- No Loan Facility: Unlike some other FD schemes, CUB Flexifix doesn't offer loan facilities against the deposit.
- Overdraft Facility: An overdraft facility may be available, subject to bank approval and terms.
Convenience:
- Availability of auto renewal
- TDS at prevalent Income tax rate is deducted if Form 15G / 15H not submitted
- Nomination facility available
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Frequently Asked Questions
City Union Bank FD rates vary based on tenure and amount, and can go up to 7.50% p.a. for individual NRE and domestic deposits below 2 Crores.
City Union Bank FCNR accounts can be held for a maximum of 5 years.
City Union Bank NRE term deposits can last from 1 year to 10 years, depending on your chosen tenure.
City Union Bank offers senior citizens an additional bonus of 0.25% to 0.50% on top of regular FD rates, depending on the chosen scheme.
Yes, you can withdraw money from a City Union Bank FD before maturity, but there will be a penalty charge. The charge depends on the tenure of the FD and the amount you withdraw.
City Union Bank NRE term deposits can be held for a flexible period ranging from 1 year to 10 years, allowing you to tailor your investment to your specific goals.
Estimating the doubling time for your City Union Bank FD requires considering the specific interest rate of your chosen scheme. You can then utilise the "Rule of 72," a common financial approximation, to obtain an estimate: Doubling Time (Years) ≈ 72 / Interest Rate (%)
For example: if you invest in a City Union Bank tax-saving FD scheme offering a 6.50% interest rate, the estimated doubling time would be:
Doubling Time ≈ 72 / 6.50% ≈ 11.08 years
City Union Bank offers FD tenures from a quick 7 days to a stable 10 years, letting you choose the perfect fit for your financial goals.
City Union Bank's minimum FD deposit depends on the type of account: Rs. 1,000 for regular FDs.
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