City Union Bank Fixed Deposit 2025

The bank is known for its transparency and integrity, a testament to its century long presence in the lives of its customers. It offers multiple banking products to its customers, with attractive rates, abiding by the rules framed by the Reserve Bank of India (RBI).

Features of the City Union Bank Fixed Deposit

The main features of the FD scheme offered by City Union Bank are mentioned below:

1. The minimum amount required to open an account is Rs.100.
2. Bulk deposits can be made.
3. The simple interest that is generated may be paid on a monthly, quarterly, half-yearly, or yearly basis.
4. An additional interest is provided to senior citizens.
5. Loans can be availed against the FD account.
6. You can open the FD account online.
7. The tenure of the scheme ranges between seven days and ten years.
8. Auto-renewal is allowed.
9. Pre-closure is allowed.
10. Tax Deducted at Source (TDS) is deducted at the current income tax rate.

Who are eligible to open City Union Bank Fixed Deposit?

The following are eligible to open a City Union Bank Fixed Deposit:

1. Resident Individuals
2. Hindu Undivided Families (HUFs)

Documents Required for City Union Bank FD

The list of documents that must be submitted in order to open an FD account is mentioned below:

Address Proof

The below-mentioned documents can be submitted as proof of address:

1. Passport.
2. Driving License.
3. Bank account statement.
4. Latest electricity bill.
5. A letter provided by the employer.
6. A job card that has been issued by NREGA. The job card must also be signed by a State Government officer.
7. The Consumer Passbook has been provided by a Gas Agency.
8. Voter's ID.
9. Telephone bill (The telephone must have been installed for at least 6 months and the bill should not be more than two months old).
10. A letter that has been provided from a recognised public servant or private authority. The letter should verify the residence and identity of the consumer.
11. Ration Card.
12. An ID that has been provided by Postal Authorities.
13. A letter provided by the Unique Identification Authority of India. The letter must contain the address, name, and Aadhaar number of the consumer.
14. Rental Agreement.

Identity Proof

The below-mentioned documents may be submitted as proof of identity:

1. Passport.
2. Voter ID.
3. Identity Card.
4. An ID that has been provided by Postal Authorities.
5. A job card that has been issued by NREGA. The job card must also be signed by a State Government officer.
6. PAN Card.
7. Driving License.
8. An ID that has been issued by a recognised Educational Institute.
9. A letter that has been provided from a recognised public servant or private authority. The letter should verify the residence and identity of the consumer.
10. A letter provided by the Unique Identification Authority of India. The letter must contain the address, name, and Aadhaar number of the consumer.

City Union Bank Fixed Deposits

City Union Bank provides several deposit schemes catering to a variety of customers. Given below are the fixed deposit schemes offered by City Union Bank:

1. Flexifix Deposit: It provides the benefits of fixed deposit and flexibility of withdrawal.
2. Fixed Deposit: This fixed deposit scheme comprises the standard features.

1. Tax Saver Deposit: Any fixed deposit having lock-in period of five years will qualify for tax saving.

How to Apply for a City Union Bank FD?

One can open a City Union Bank fixed deposit account through a mobile app, internet bank, and offline.

Mobile App

Given below are the steps to open an FD account using the City Union Bank mobile application:

1. Open City Union Bank Mobile Banking app
2. Select the type of FD account under 'E-Deposit'.
3. Fill in all the required details in the online FD account opening form.
4. Verify the details and click on 'Submit'

Internet Banking

The following steps will guide you to open a City Union Bank FD account through internet banking:

1. Visit https://www.cityunionbank.com/.
2. Login using your credentials.
3. Click on 'Personal'.
4. Choose 'Deposits'.
5. Choose your preferred FD scheme.
6. Now, click on 'Apply Now'.
7. Fill out the online account opening form with all the necessary details.
8. Verify the details.
9. Click on 'Submit'.

Offline

People who want to open their City Union Bank FD account offline should visit their nearest City Union Bank branch. Collect the FD application form, fill it out with the required details and submit it along with the documents and the deposit amount.

Once the verification is done, the bank official will provide an FD receipt.

City Union Bank Premature Withdrawal Facility

City Union Bank provides a premature withdrawal facility to its FD account holders. This facility is provided in the Flexifix and fixed deposit schemes.