• City Union Bank Fixed Deposit Rates

    The City Union Bank is one of the oldest banks in the country, established as early as 1904. Headquartered in Thanjavur Tamil Nadu, the CUB has been offering various financial and banking services to its customers.

    Among the various services the bank offers, the fixed deposit accounts has been highly regarded due to its advantages of high liquidity, attractive rates of interest, features of loans and tax benefits.

    The City Union Bank offers various types of fixed deposits for its domestic customers such as the Standard fixed deposit, the Tax-Saver fixed deposit and the Flexifix deposit.

    For a Standard fixed deposit, 7 days is the minimum tenure and 10 years is the maximum. Minimum amount to be paid for opening a fixed deposit account with CUB is Rs.100.

    Interest Rates for City Union Bank Fixed Deposits of less than Rs.2 crore

    Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)
    7 days to 90 days 5.75% 5.75%
    91 days to 180 days 6.00% 6.00%
    181 days to 364 days 6.25% 6.25%
    1 year 6.60% 7.10%
    Above 1 year and up to 5 years 6.35% 6.60%
    Above 5 years and up to 10 years 6.30% 6.55%

    The given rates are applicable as of 10 November 2019.

    City Union Bank Tax-Saver Fixed Deposit

    CUB also offers a type of fixed deposit from which you can receive tax benefits upto Rs.1,50,000 according to Section 80C of the Income Tax Act.

    The tenure for a tax-saver term deposit is for a fixed period of 5 years. The rate of interest received is 7.35% per annum for both senior and regular citizens.

    City Union Bank 1000 Days Deposit

    The City Union Bank also offers a term deposit for a fixed period of 1000 days. This is only applicable for a regular citizen, association or trust. The rate of interest is also fixed at 7.60% per annum for this deposit.

    City Union Bank Fixed Deposit for Non-Resident Indians

    The City Union Bank also offers term deposits for Non-Resident Indians. The types of term deposits offered by CUB for NRIs are:

    • NRE term deposit
    • NRO term deposit
    • FCNR term deposit
    • RFC term deposit

    NRE term deposit:

    The NRE term deposit by CUB can be opted for a minimum tenure of 1 year to 10 years. In this term deposit a NRI citizen can deposit his or her earnings but in the Indian currency only.

    There are no benefits for senior citizens and the interest earned in this term deposit is exempted from any tax.

    The interest rates for a NRE term deposit are:

    Tenure Rate of interest(% p.a.)
    1 year 6.60%
    Above 1 year and up to 5 years 6.35%
    Above 5 years and up to 10 years 6.30%

    The given rates are applicable as of 10 November 2019.

    NRO Term Deposit

    In the case of a NRO term deposit, the tenure ranges from a minimum of 7 days to 10 years. The interest gained in a NRO term deposit is taxable and partially repatriable.

    Rate of interest for a NRO term deposit is the same as the domestic rates of interest.

    FCNR Term Deposit

    A customer can opt for a FCNR term deposit if he or she wishes to deposit his or her earnings in a foreign currency.

    The City Union Bank accepts the universally recognised currencies such as the United States Dollar, Australian Dollar, Great Britain Pound, Japanese Yen, Canadian Dollar, Singapore Dollar and the Swedish Krona.

    Tenure for a FCNR term deposit ranges from a minimum of 1 year to a maximum of 5 years and interest earned is tax free.

    Principal amount along with the interest is fully repatriable and loans can be taken against the deposit made.

    Interest rates for FCNR term deposit are:

    Tenure/Currency SEK JPY SGD EUR CAD USD AUD GBP
    Above 1 year and up to 2 years 1.15% 1.18% 2.90% 0.76% 3.75% 3.05% 2.09% 1.92%
    Above 2 years and up to 3 years 1.07% 1.13% 2.83% 0.70% 2.90% 2.79% 1.98% 1.90%
    Above 3 years and up to 4 years 1.30% 1.36% 3.06% 0.94% 3.09% 2.92% 2.23% 2.12%
    Above 4 years and up to 5 years 1.32% 1.34% 3.04% 0.95% 3.06% 2.87% 2.32% 2.10%
    Only 5 years 1.35% 1.34% 3.03% 0.98% 3.03% 2.84% 2.36% 2.09%

    The given rates are applicable as of 10 November 2019.

    RFC term deposits

    City Union Bank also offers RFC term deposits for customers who are currently abroad but wish to settle down in India.

    A minimum tenure of 1 year to a maximum of 3 years is the tenure for a RFC term deposit. Like FCNR deposits, RFC also accepts deposits made in foreign currency but only in the 4 major currencies accepted all over the world which are USD, GBP, SGD and EUR.

    Interest rates for RFC term deposits are:

    Tenure/Currency GBP USD SGD EUR
    Above 1 year and less than 2 years 1.92% 3.05% 2.90% 0.76%
    Above 2 years and less than 3 years 1.90% 2.79% 2.83% 0.70%
    3 years 2.12% 2.92% 3.06% 0.94%

    The given rates are applicable as of 10 November 2019.

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    City Union Bank FD Rates Reviews

    • review Fixed Deposit
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      I hold a fixed deposit account with City Union Bank. The rate of interest is of 7.25% on my savings. The customer support is good and they are responsive as well. It was easy to open this account and I can do it online. There are no hassles in the overall service.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 05, 2019
    • review
      review Fixed Deposit
      "Not too good on the rate"
      0.5 2.5/5 "Just OK"
      I have a fixed deposit with City union bank and the interest that they have for it is not a reasonable rate and i feel that they should be providing a better rate for it. The service was however good at the time of the account being open and the response received was good.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 11, 2017
    • review Fixed Deposit
      "Awesome"
      0.5 4.0/5 "Great!"
      I am having the fixed deposit account with the City union bank for the rate of interest as 10.25% and I got this interest rate because I am an employee with them. Overall experience is good with them and the interest rate will be compounded based on the schemes. Rate of interest is fixed with the deposits.
      Was this review helpful? 6
      , chennai
      Reviewed on Jan 20, 2016
    • review Fixed Deposit
      "NICE"
      0.5 4.0/5 "Great!"
      City union bank is giving 8% interest rate for the fixed deposit with the minimum lock in period of one year. I visited the bank to start the plan.The minim amount start is rs.1000 maximum up to 10 lakhs. We will lose the interest in case if we break it within the period.
      Was this review helpful? 6
      , chennai
      Reviewed on Jan 18, 2016
    • review Fixed Deposit
      "High rate for FD..."
      0.5 4.0/5 "Great!"
      Major reason to opt City Union Bank for fixed deposit is high rate of interest and I can use it for locker facility. We can open online deposit and and cancel the deposit on the portal. Interest rate was around 9.5% to 10% but now its been dropped.
      Was this review helpful? 6
      , chennai
      Reviewed on Dec 31, 2015
    • review Fixed Deposit
      "Good FD"
      0.5 4.0/5 "Great!"
      CUB FD is fine. It is also good. I am holding this FD for 8 years. Actually my salary account is with the same bank therefore I have opened FD with them. I am holding this FD for a period of 8 years. This FD was opened at the branch after submitting certain documents.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Dec 08, 2015
    • review Fixed Deposit
      "Excellent facility"
      0.5 5.0/5 "Blown Away!"
      CITI union Bank interset rate is 7.75% they have given a special interest for FD for their staff for 45 days. Customer service offered by them was good. they did not ask for specific documents as they already have my existing proof and KYC with them and there is no additional documents required,
      Was this review helpful? 2
      , kumbakonam
      Reviewed on Oct 23, 2015
    • review Fixed Deposit
      "Good services"
      0.5 5.0/5 "Blown Away!"
      I opened a fixed deposit with Citi union bank. The services was good. The process just took ten minutes. The rate of interest offered was of 10.25%. There is no charges for this account. The response is good from the bank as well.
      Was this review helpful? 2
      , new delhi
      Reviewed on Sep 12, 2015
    • review Fixed Deposit
      "Really good "
      0.5 5.0/5 "Blown Away!"
      CITY Union bank FD is really good. They are user friendly and there is no need for me to visit the branch. This deposit was opened over the phone. Internet banking is good the interest rate offered by them was 8.75% which is satisfactory . I have opted for auto renewal. I am entitled to get 80% of the amount as loan.
      Was this review helpful? 4
      , chennai
      Reviewed on Jun 18, 2015
    • review Fixed Deposit
      "GOOD SERVICE- REASONABLE INTERTEST"
      0.5 5.0/5 "Blown Away!"
      I HAVE DEPOSITS IN CUB THONDAMUTHUR BANK CBE AND CUB VEPPAMPET BR; CHENNAI- THE INTEREST IS BEING CREDITED PROMPTLY AND I GET SMS ALERT VERY ACCURATELY-THE STAFF ARE VERY HELPFUL AND COOPERATIVE-THE LOCATION AND AMBIENCE OF THE BANK IS GOOD
      Was this review helpful? 8
      , coimbatore
      Reviewed on Mar 06, 2015
    • review Fixed Deposit
      "Customer experience"
      0.5 5.0/5 "Blown Away!"
      I am holding a fixed deposit with City Union Bank. The rate of interest offered by them was 14% approximately. Its near to my place so I have chosen this Bank. They offer value added services like RD, FD however they are not offering any personal loan. The documentation process was very simple and it provides tax benefit as well.
      Was this review helpful? 21
      , secunderabad
      Reviewed on Feb 25, 2015
    • review Fixed Deposit
      "Overall satisfied"
      0.5 4.5/5 "Excellent!"
      Once in a year or twice, I do the deposit with Citi Union bank. Its a short term fixed deposit I did open as the services would be excellent. Compared with nationalized banks, the interest rate is half yearly compounding rate and its best.
      Was this review helpful? 4
      , kumbakonam
      Reviewed on Jan 06, 2015
    • review Fixed Deposit
      "Homely banking"
      0.5 5.0/5 "Blown Away!"
      The banking relationship with Citi union bank in terms of fixed deposit is Fantastic. They provide friendly and homely banking services. They treat the customers in a very kind and polite manner. Interest rate is 9.25% which is a good one and their on line banking is best for doing easier transactions. I would say this bank is fulfilling my expectations.
      Was this review helpful? 1
    • review Fixed Deposit
      "Best Service"
      0.5 4.0/5 "Great!"
      City Union Bank Fixed, I am holding from past 6 years, it was quite easy for opening the account, i got fixed deposit received soft copy immediate, best advantage is interest rate is good but i will get extra 1% high on interest rate, only thing is on line banking is not user friendly.
      Was this review helpful? 0
      , tirupati
      Reviewed on Jul 12, 2014
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