City Union Bank Fixed Deposit Rates

City Union Bank fixed deposits are a good option for all age groups, including senior citizens, who have the privilege of getting additional interest rates. The bank was established way back, as early as 1904, and has been offering high-quality service. The FD options come with a number of advantages such as tax benefits, nomination and loan feature. All prospective customers are advised to look at all the interest rates offered across tenures before applying for a FD scheme.

Given below are the latest and updated City Union Bank fixed deposit interest rates for regular and senior citizens with effect from 9 February 2018:

*Given below are the rates applicable for deposits that are of less than Rs.1 crore

City Union Bank Short-Term Fixed Deposit Rates

• High interest rates of above 6.00% p.a. can be earned even if customers opt for short-term deposits that come with a tenure as minimum as 7 days to 90 days.
• For 91 days and 180 days, the rate of gain is at 6.75% p.a. and for 7 days to 90 days, the rate paid is 0.50% lesser.
• The highest paying slot here is 181 days to 364 days, where the gain rate stands at a lucrative 7.00% p.a.
• The investment time-frame for this slot is from 7 days to less than 1 year.

City Union Bank Medium and Long-Term Fixed Deposit Rates

• Any investment that is made for more than 1 year to up to 5 years, will fetch the FD holder an interest rate of 7.10% p.a., which is the highest FD rate paid by Yes Bank.
• When compared to short and long-term deposits, the highest rate paid is for medium-term  fixed deposits that come for 1 year to 999 days and 1,001 days to 5 years.
• One can also invest in a tax saver scheme for 5 years to get benefits of up to Rs.1.5 lakh under Section 80C of the Income Tax Act.

City Union Bank Senior Citizen Fixed Deposit Rates

• A higher interest slab for this age group will only be applicable for investments that are made for a minimum of 1 year.
• The interest slab begins from 6.25% p.a and goes up to 7.35% p.a., which is the highest.
• Any tenure that is chosen for 1 year to 5 years, will pay a pensioner 7.00% and more per annum.
• Any duration that is for more than 5 years will fetch this investor category 6.95% p.a.
• Even short-term fixed deposits will give pensioners more than 6.00% p.a.