City Union Bank FD Rates in 2023 for NRIs, NROs and Indians

City Union Bank Limited (CUB) is an Indian bank with its main office situated in Kumbakonam, Tamil Nadu. It was established on 31 October 1904. Almost every year, the bank revised the FD rate of interest and did the same this year.

Find the latest City Union Bank FD interest rates for local residents, NRIs and senior citizens. You can enjoy the different FD saving schemes offered by the City Union Bank.

You can use the City Union Bank FD schemes for long-term goals, tax savings and small savings with interest. City Union Bank FD rates offer a higher rate of interest than a savings account.

Further, let’s delve into the rate of interest for senior citizens, local residents, NRIs, NRE and NRO. The rate of interest varies for the amount up to Rs. 2 crores to Rs. 5 crores.

City Union Bank Fixed Deposit Rates
City Union Bank NRI FD Rates
City Union Bank Senior Citizen FD Rates
Type of City Union Bank Fixed Deposit
Features and Benefits of City Union Bank
Eligibility And Documents Required for City Union Bank
How to open a City Union Bank FD deposit account?
City Union Bank Loan Against FD
City Union Bank Tax Saver Fixed Deposit
City Union Bank Fixed Deposit Schemes
How to Close City Union Bank FD?

City Union Bank Fixed Deposit Rates

Here are the different City Union Bank Domestic FD Interest Rates for general Indian citizens for various amounts and tenure.

City Union Bank Domestic FD Interest Rates – Below Rs.2 Crore

The table below represents the City Union Bank FD interest rates for the amount below Rs. 2 crores are as follows.

Tenure	General Rate of Interest (p.a)
7 days to 14 days	5.00%
15 days to 45 days	5.50%
46 days to 90 days	5.75%
91 days to 180 days	6.00%
181 days to 270 days	6.25%
271 days to 364 days	6.50%
365 days to 443 days	6.75%
444 days	7.75%
445 days to 699 days	6.95%
700 days	7.10%
701 days to 3 years	7.25%
Above 3 years to 10 years	6.90%

City Union Bank Tax Saving FD Rates

The rate of interest is also considered as City Union Bank Tax Saving FD Rates.

Note: The City Union Bank Tax Saving FD Rates Schemes for both general citizens and senior citizens offer 7% return on interest annually.

Period	Citizens	Senior Citizens
5 years	7.00%	7.00%

City Union Bank Term Deposit Interest Rates: Above Rs.2 Crore

The City Union Bank FD rates for the amount above Rs. 2 crore are mentioned below in a table. You can check the interest rate for different periods from the table below.

Tenure	General Rate of Interest (p.a)
7 days to 14 days	6.05%
15 days to 45 days	6.10%
46 days to 90 days	6.15%
91 days to 180 days	6.25%
181 days to 270 days	6.50%
271 days to 364 days	7.10%
365 days to 399 days	7.15%
400 days	7.25%
400 days to 3 years	6.50%
Above 3 Years to 10 Years	6.25%

City Union Bank NRI FD Rates

Here are the different interest rates for NRO deposits, NRE deposits, NRO FD rates, FCNR (B) interest rates, and RFC deposit rates for varying time-period.

Interest Rate for NRO Deposits

Here is the NRO term deposit interest rate by City Union Bank.

Tenure	General Rate of Interest (p.a)
7 days to 14 days	5.00%
15 days to 45 days	5.50%
46 days to 90 days	5.75%
91 days to 180 days	6.00%
181 days to 270 days	6.25%
271 days to 364 days	6.50%
365 days to 443 days	6.75%
444 days	7.75%
445 days to 699 days	6.95%
700 days	7.10%
701 days to 3 years	7.25%
Above 3 years to 10 years	6.90%

City Union Bank Interest Rate for NRE Deposits

The City Union Bank interest rate for NRE Deposits are as follows:

Note: You will not receive any interest if the NRE deposit is closed before the completion of a year. Also, as per bank policies you will be charged if the account is preclosed after one year deposit but before maturity.

Period	Interest Rates (% p.a.)
365 days to 443 days	6.75
444 days	7.75
445 days to 699 days	6.95
700 days	7.1
701 days to 3 years	7.25
Above 3 years to 10 years	6.9

City Union Bank FCNR (B) Interest Rates

Here are FCNR rates of City Union Bank with different periods.

Note: Pre-withdrawal may lead to penalty as per the policy of the bank from time to time.

Period	Interest Rates (% p.a.)
Period	USD	GBP	EUR	YEN	CAD	AUD	SGD
1 year to less than 2 years	5.65	4.49	2.17	0.2	3.51	3.5	0.25
2 years to less than 3 years	5.15	3.94	2.17	0.2	3.51	3.5	0.25
3 years to less than 4 years	5.05	3.69	0	0.2	3.51	3.75	0.25
4 years to less than 5 years	5	3.59	0	1.65	3.51	3.75	0.25
5 years only	5	3.49	0	1.55	3.51	3.75	0.25

City Union Bank RFC Deposit Rates

The City Union Bank RFC deposit rates are presented below in a tabular format for easy understanding.

Note: Pre-withdrawal may lead to penalty as per the policy of the bank from time to time.

Period	Interest Rates (% p.a.)
Period	USD	GBP	EUR	SGD
1 year to less than 2 years	5.65	4.49	2.17	0.25
2 years to less than 3 years	5.15	3.94	2.17	0.25
3 years	5.05	3.69	0	0.25

City Union Bank Senior Citizen FD Rates

City Union Bank senior citizen FD rates are profitable and offer easy to avail benefits. Here is the list of variable tenure and City Union Bank FD interest rates.

City Union Bank FD rates for deposits less than Rs.2 crore

Here are the City Union Bank senior citizen FD rates for the deposits less than Rs. 2 crore with varying periods.

Tenure	General Rate of Interest (p.a)
7 days to 14 days	5.00%
15 days to 45 days	5.50%
46 days to 90 days	5.75%
91 days to 180 days	6.00%
181 days to 270 days	6.50%
271 days to 364 days	6.75%
365 days to 443 days	7.00%
444 days	8.00%
445 days to 699 days	7.00%
700 days	7.25%
701 days to 3 years	7.25%
Above 3 years to 10 years	7.25%

City Union Bank FD rates for deposits More than Rs.2 crore

Here are the City Union Bank senior citizen FD rates for the deposits more than Rs. 2 crore with different tenure.

Tenure (Weeks, Months, and Years)	General Rate of Interest (p.a)
1 week – 2 week	6.05%
15 days – 1 month and 15 days	6.10%
1 month and 15 days – 3 months	6.15%
3 month 1 day – 6 months	6.25%
6 months 1 day – 9 months	6.50%
9 month 1 day – 11 month 29 days	7.10%
365 days to 399 days	7.15%
400 days	7.25%
401 days to 3 years	6.50%
Above 3 years to 10 years	6.25%

Type of City Union Bank Fixed Deposit

There are three types of City Union Bank Fixed Deposit. All these schemes are beneficial in their own way. Also, these Fixed Deposit schemes offer amazing City Union Bank FD interest rates.

City Union Bank Fixed Deposit
City Union Bank Flexifix Deposit
City Union Bank Tax-Saver Deposit

Here is the table representing the tenure, minimum deposit amount, features, rate of interest for senior citizens and other benefits.

Attributes	City Union Bank Fixed Deposit	City Union Bank Flexifix Deposit	City Union Bank Tax-Saver Deposit
Tenure	7 days to 10 years	30 days to 7 years	5 years (locked)
Min. Deposit Amount	Rs. 100	Rs. 10,000 or multiples of Rs. 5000	Tax Saver Silver Deposits: Rs. 100Tax Saver Gold Deposits: Rs. 1,000
Tenure	–	30 days to 5 years	–
Interest Treatment	Simple interest is payable either every month or quarterly or half or annually. There is quarterly compounding available for a cumulative deposit.	Simple interest is payable either every month or quarterly or half-yearly or annually	Silver Deposit: Simple interest but payable every monthly or quarterlyGold Deposit: Interest is Cumulative and payable on maturity
Interest Rates for Senior Citizens	Additional FD interest rates for senior citizens	Interest rates are applicable from 1st year for senior citizens	–
Withdrawal before Maturity	Available	Available in units of Rs. 5,000 + interest	Not Available
Loan Against FD	Available	No Loans available but overdraft is available	Not Available
Characteristics	Auto-renewal available, pre-close of FD, and bulk deposit above Rs. 2 crore	Auto-renewal is available, nomination is available, and accounts can be opened jointly or individually.	Available in Gold and Silver, varying affordability preferences, nomination available, availed jointly and individually, and HUFs.

Features and Benefits of City Union Bank

The primary features of the FD scheme offered by the City Union Bank are as follows:

With the minimum amount of Rs. 100, you can open your FD account.
You can have more than one FD or bulk deposit.
The rate of interest amount is given on a monthly, quarterly, half-yearly or annual basis.
There is additional interest, especially for senior citizens.
You can take a loan against FD.
You can open your FD account online.
Auto-renewal of FD is available.
You can close the FD account before the maturity period.
TDS is deducted as per the current income tax rate.
The time period for FD accounts varies from 7 days to 10 years.

Eligibility And Documents Required for City Union Bank

You can open a City Union Bank FD account if you fulfil the eligibility criteria and provide the following documents.

Eligibility:

You can see the eligibility criteria for opening different types of fixed deposits with City Union Bank. Here are the criteria for different FDs.

Club
Association
Society
Sole Proprietorship
Family Trust
Hindu Undivided Families (HUFs)
Charitable Trust
Trusts and Foundations
Partnership Firms
Non-Resident Indians (NRIs)
Companies
Resident Individuals

Identity proof:

Passport
PAN card
Voter’s Identity Card
Driving licence
Identity cards from the employer or other banks.
ID cards from any recognised Educational Institutions.
ID issued by Postal Authorities.
Letter from a recognised public authority or servant (Tahsildar or above).
Job card by NREGA (signed by an officer of the State Government).
Letter by the UIA of India with name, address & Aadhar number.

Address proof:

Your passport
Your voter’s identity card
Your driving licence
Telephone bill (not older than two months)
Your account statement
Letter from a recognized public authority or servant (Tahsildar or above)
Validation of the identity and address of the customer
Latest electricity bill
Ration card
Letter from employer (subject to satisfaction of the Bank)
ID issued by Postal Authorities
Job card issued by NREGA (signed by an officer of the State Government)
Letter by the UIA of India with name, address and Aadhar number.
Consumer Pass Book by Gas Agency.
A rent agreement with address, registered with the State.

How to open a City Union Bank FD deposit account?

You can open a City Union Bank FD account using online and offline modes.

Online City Union Bank FD Opening

You have to follow the steps for opening a City Union Bank FD account using online banking:

Step 1: Visit the official website of the City Union Bank website.

Step 2: Use your credentials to Log in to your City Union Bank FD account.

Step 3: Click on the Personal option and select the Deposits option.

Step 4: You have to select the type of deposit you want to invest in. The page will redirect you to the scheme’s page.

Step 5: On the right-hand side, you have to click on the Apply Now option.

Step 6: Enter all the necessary details in your account opening form.

Step 7: Enter the maturity, payment, and interest payout instructions.

Step 8: Validate the information and hit the Submit option.

You will be notified on the screen.

Using Mobile Banking App

Step 1: Download the CUB Mobile Banking App from the play store or apple store.

Step 2: Press the E-Deposits section, and select the deposit account type.

Step 3: Enter all the required information in the FD account opening form. Enter the mandatory details such as maturity, payment, interest payout instructions.

Step 4: Validate the information details and press the Submit option.

You will be notified upon successful processing.

Offline City Union Bank FD Opening

You can simply visit the nearest branch of City Union Bank in your city. Ask for the form, enter all the details, and submit the required documents. In few hours your FD account will be open.

City Union Bank Loan Against FD

You can take a loan against FD but on a certain interest as decided by the bank. Further, the Flexifix term deposit scheme also provides an overdraft facility. Also, this facility is not available for the tax-saver scheme.

City Union Bank Tax Saver Fixed Deposit

Launched to aid investors in saving tax by claiming deductions under Section 80C of the Income Tax Act, 1961, Tax-Saver Term Deposit is an ideal choice to save money while multiplying it manifold.

City Union Bank Fixed Deposit Schemes

City Union Bank fixed deposit schemes have varying terms that allow the customers to choose a term that is suitable as per their requirements. Also, the minimum term for a standard FD scheme is 15 days up to 10 years. However, the maximum term can be extended by the bank but only for specific cases.

For corporate authorities and government bodies, the City Union Bank can extend the deposit period for up to 20 years. Also, the term of an NRE FD varies from a minimum of 1 year to a maximum of 10 years. The City Union Bank fixed deposit schemes are City Union Bank Fixed Deposit, City Union Bank Flexifix Deposit, City Union Bank Tax-Saver Deposit, NRE and NRO fixed deposit.

How to Close City Union Bank FD?

There are two situations where your City Union Bank FD account can be closed. First when the FD gets mature and the second when you withdraw the amount before your FD gets mature.

Closing your City Union Bank Fixed Deposit Account on Maturity

You can either close your City Union Bank FD Account and transfer the amount into your savings account or ask the bank for auto-renewal.

Closing your City Union Bank Fixed Deposit Account Before Maturity

You can withdraw the City Union Bank FD amount before its maturity in certain cases. The withdrawal facility is available only for a regular fixed deposit scheme and in the Flexifix scheme. Further, the tax saver scheme does not extend for any provision.

You May Also Read

Fixed Deposit Top Pages	Fixed Deposit Other Pages
Fixed Deposit	Union Bank FD Rates
Fixed Deposit Under Section 80C	Bank of India FD Rates
Loan against Fixed Deposit	Bank of Baroda FD Rates
Flexi Fixed Deposit	Kotak Mahindra Bank FD Rates
Cumulative Vs Non Cumulative Fixed Deposit	Indian Overseas Bank FD Rate
NRO Fixed Deposit	Central Bank of India FD Rates
NRE Fixed Deposit	Andhra Bank FD Rates
Senior Citizen Fixed Deposit	Yes Bank Fixed Deposit Rates

Frequently Asked Questions (FAQs)

Define the interest rate for City Union Bank FD?

The FD rate for City Union Bank FD varies between 3% and 5.75% for ordinary citizens and for senior citizens, it varies from 3% – 6.25%.

Is FD in City Union Bank a safe option?

Yes, City Union Bank for FD is safe. It ensures the return of investment in the form of interest. Further, RBI covers all the deposits of City Union Bank under its Deposit Insurance Scheme.

Name the minimum amount for opening a City Union Bank FD?

The minimum amount to invest in City Union Bank FD is Rs. 100 or multiples of Rs. 100. Also, there is no limitation on how much you can deposit any number of amounts.

Can we open an FD account online?

Yes, any customer can open a City Union Bank FD account online using the internet banking facility.

What are the highest City Union Bank FD rates?

The highest City Union Bank FD rate is 5.75%. To avail this much interest, you have to deposit the amount for 1.5 years to 3 years. For senior citizens, the highest City Union Bank FD rate is 6.25% for 1.5 years to 3 years.