City Union Bank (CUB) is one of the top scheduled commercial banks in India with an extensive presence in semi-urban, urban and rural centres of South India. A leading bank in the private sector, the City Union Bank operates in four major segments- Retail Banking, Treasury, Corporate Banking and other operations.
CUB FD interest rates are competitive and range from 7 days to 10 years with rates varying between 5% to 7% per annum to general investors and 5% to 7.50% for senior citizen investors. The bank provides fixed deposit products for NRIs such as NRE, NRO, RFC and FCNR (B) accounts. The bank accepts GBP, EURO, USD and SGD for RFC fixed deposits.
Benefits of CUB FD Interest Rates
Some of the benefits of City Union Bank FD rates are listed below:
- Bulk deposits of Rs. 1 crore and more accepted
- Open deposits online
- Minimum period of investment 7 days and the maximum period is 10 years
- Simple interest rate payable on monthly/quarterly and annual basis
- Availability of Loan/OD option
- Pre-closure and auto-renewal option available
- For cumulative deposits, interest calculated and added to the principal at end of each quarter
- TDS on current income tax deducted
- For senior citizen’s additional interest rate applicable from first year
City Union Bank FD Rates 2023 < 2 crore
City Union Bank FD interest rates for domestic and NRO deposits less than Rs. 2 crores are listed below:
Period | Regular (% p.a) | Senior Citizens (% p.a) |
7 to 14 days | 5.00 | 5.00 |
15 to 45 days | 5.50 | 5.50 |
46 to 90 days | 5.75 | 5.75 |
91 to 180 days | 6.00 | 6.00 |
181 to 270 days | 6.25 | 6.50 |
271 to 364 days | 6.50 | 6.75 |
365 to 399 days | 6.75 | 7.00 |
400 days | 7.00 | 7.50 |
401 days to 3 years | 6.50 | 6.75 |
Above 3 years to 10 years | 6.25 | 6.50 |
Tax saver | 6.50 |
(These rates are effective from 5th April 2023 and subject to change)
City Union Bank FD Rates 2023 of Bulk Amount Rs. 2 Crores Deposits or More
The interest rates provided below are with respect to domestic and NRO. Term deposits are effective from 7th July 2023:
Period | ROI (%) | ||||||
Rs. 2 crores to < Rs. 5 crores | Rs. 5 crores to < Rs. 10 crores | Rs. 10 crores to < Rs. 50 crores | Rs. 50 crores to <Rs. 75 crores | Rs. 75 crores to <Rs. 100 crores | Rs. 100 crores to <Rs. 250 crores | Rs. 250 crores & above | |
7 to 14 days | 6.20 | 6.25 | 6.30 | 6.35 | 6.40 | 6.45 | 6.50 |
15 to 45 days | 6.30 | 6.35 | 6.40 | 6.45 | 6.50 | 6.55 | 6.55 |
46 to 90 days | 6.35 | 6.40 | 6.55 | 6.55 | 6.55 | 6.60 | 6.60 |
91 to 180 days | 6.40 | 6.45 | 6.55 | 6.55 | 6.60 | 6.60 | 6.60 |
181 to 270 days | 6.45 | 6.50 | 6.55 | 6.60 | 6.60 | 6.60 | 6.60 |
271 to 364 days | 7.10 | 7.10 | 7.10 | 7.15 | 7.20 | 7.35 | 7.40 |
365 to 399 days | 7.15 | 7.15 | 7.15 | 7.20 | 7.25 | 7.50 | 7.50 |
400 days | 7.25 | 7.25 | 7.35 | 7.40 | 7.50 | 7.65 | 7.65 |
401 days to 3 years | 6.50 | 6.50 | 6.50 | 6.55 | 6.60 | 6.60 | 6.60 |
Above 3 years to 10 years | 6.25 | 6.25 | 6.25 | 6.30 | 6.60 | 6.60 | 6.30 |
FD Interest Rates in City Union Bank for NRE Rupee Term Deposits of Rs. 2 Crores and More Effective from 7th July 2023
Period | ROI (%) | ||||||
Rs. 2 crores to <Rs. 5 crores | Rs. 5 crores to <Rs. 10 crores | Rs. 10 crores to <Rs. 50 crores | Rs. 50 crores to <Rs. 75 crores | Rs. 75 crores to <Rs. 100 crores | Rs. 100 crores to <Rs. 250 crores | Rs. 250 crores & above | |
365 to 399 days | 7.15 | 7.15 | 7.15 | 7.20 | 7.25 | 7.50 | 7.50 |
400 days | 7.25 | 7.25 | 7.35 | 7.40 | 7.50 | 7.65 | 7.65 |
401 days to 3 years | 6.50 | 6.50 | 6.50 | 6.55 | 6.60 | 6.60 | 6.60 |
Above 3 years to 10 years | 6.25 | 6.25 | 6.25 | 6.30 | 6.30 | 6.30 | 6.30 |
City Union Bank FD Interest Rate for FCNR (B) Deposits Effective from 3rd July 2023
Period | GBP | USD | CAD | YEN | SGD | AUD | EURO |
1 year and above but less than 2 years | 4.85% | 5.75% | 4.65% | 0.20% | 0.25% | 4.35% | 3.45% |
2 years and above but less than 3 years | 4.45% | 5.40% | 4..65% | 0.20% | 0.25% | 4.35% | 2.50% |
3 years and above but less than 4 years | 4.10% | 5.05% | 4.65% | 0.20% | 0.25% | 4.25% | 0.00% |
4 years and above but less than 5 years | 4.10% | 5.00% | 4.50% | 1.65% | 0.25% | 4.25% | 0.00% |
5 years only | 4.10% | 5.00% | 4.50% | 1.65% | 0.25% | 4.25% | 0.00% |
City Union Bank FD Interest Rates on RFC Deposits Effective from 3rd July 2023
Period | GBP | USD | SGD | EURO |
1 year and above but less than 2 years | 4.85% | 5.75% | 0.25% | 3.45% |
2 years and above but less than 3 years | 4.45% | 5.40% | 0.25% | 2.50% |
3 years | 4.10% | 5.05% | 0.25% | 0.00% |
City Union Bank FCNR (B) Interest Rates 2023
PERIOD | USD | GBP | EUR | YEN | CAD | AUD | SGD |
1 Year and above but less than 2 Years | 5.82% | 4.85% | 3.45% | 0.20% | 4.65% | 4.35% | 0.25% |
2 Years and above but less than 3 Years | 5.50% | 4.45% | 2.50% | 0.20% | 4.65% | 4.35% | 0.25% |
3 Years and above but less than 4 Years | 5.05% | 4.10% | 0.00% | 0.20% | 4.65% | 4.25% | 0.25% |
4 Years and above but less than 5 Years | 5.00% | 4.10% | 0.00% | 1.65% | 4.50% | 4.25% | 0.25% |
5 Years only | 5.00% | 4.10% | 0.00% | 1.55% | 4.50% | 4.25% | 0.25% |
City Union Bank is one of the best privately held banks in India that offers a number of FD schemes to customers such as Flexifix deposit, regular fixed deposit, NRE fixed deposit, tax saver deposit, FCNR (B) fixed deposit and NRO fixed deposit. City Union Bank also offers a premature withdrawal feature, loan against FD facility and exciting CUB FD interest rates for senior citizens.
Yes, city union bank is offering attractive interest rates for senior citizens for a tenure ranging from 7 days to 10 years at the rate of 5 to 6.50%.
City Union bank FD calculator is an effective online tool that helps to give an estimation of the fixed deposit maturity amount by typing in a few details such as the principal, tenure and rate.
Yes, a City Union Bank fixed deposit is one of the best investment options for all types of customers because it is transparent and gives guaranteed results.
Yes, you can close your account prior to the maturity date in City Union Bank.
Upon premature closure of the CUB Fixed deposit, the customer has to pay a penalty rate ranging from 0.50% to 1%.