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City Union Bank Recurring Deposit Interest Rates

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Promised Interest Rate

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TenureRate of Interest p.a – GeneralRate of Interest p.a – Senoir Citizens
1 year7.17.5
Above 1 year & upto 5 years6.857.1
Above 5 years & upto 10 years6.76.95

NRE Recurring Deposit Interest Rates

TenureRate of Interest p.a
1 Year7.1
Above 1 Year  & upto 5 years6.85
Above 5 Years & upto 10 Years6.7

Please Note - There is no special Senior Citizen rate for NRE deposits.

Get the Best Rates for a City Union Bank Recurring Deposit

City Union bank offers its customers the best interest rates for its Recurring Deposit scheme. The bank offers several Recurring Deposit schemes, which enable investors to build up their wealth through small deposits every month. In this way, investors who cannot make a lump sum investment can also benefit from earning a high rate of interest on their deposits.

Investors can make deposits in multiples of Rs. 5, with a deposit to be made every month failing which a penalty will be levied on the depositor.

City Union Bank offers Recurring Deposits for different time periods with special rates for senior citizens. It also offers Non Resident Indians the opportunity to invest through their NRE Recurring Deposit scheme, as well as an option to maintain a Recurring Deposit in a foreign currency, both of which offer competitive interest rates.

City Union Bank Short Term Recurring Deposit Interest Rates

Customers can open a Recurring Deposit with City Union Bank for short durations ranging from 1 year to 3 years. The interest rate offered for deposits for a 1 year tenure is 7.10% per annum.

City Union Bank Medium and Long Term Recurring Deposit Interest Rates

City Union Bank offers depositors attractive rates of interest for medium and long term Recurring Deposits as well. These terms range from over 1 year to 10 years.

Depositors will earn interest of 6.85% on deposits made for a tenure above a year and up to 5 years. City Union will pay out 6.70% as interest on deposits for a duration of 5 years to 10 years. The decrease in the rate of interest is due to the fact that it is compounded quarterly.

Senior Citizen Recurring Deposit Interest Rates

Senior citizens enjoy a higher rate of interest on Recurring Deposits made with the bank. City Union Bank provides senior citizen depositors with an additional interest rates on deposits for tenures above 1 year.

Recurring Deposits for a tenure of 1 year will earn depositors 7.50% interest, while tenures from above 1 year up to 5 years will earn depositors interest of 7.10%.

Senior citizen depositors who opt for Recurring Deposit with a tenure above 5 years up to 10 years will receive 6.95% as interest.

NRE Recurring Deposit Interest Rates

City Union Bank also provides Recurring Deposit accounts for NRE’s offering both short as well as long term deposits. The short term deposit period of 1 year tenure, the bank offers 6.70% interest on the deposited sum.

The long term deposit ranges from above 1 year & upto 5 years, with depositors receiving 6.85% on their deposited sum.

News About City Union Bank Recurring Deposit Interest Rates

  • City Union Bank Revises Interest Rates of Recurring Deposits

    City Union Bank has changed the interest rates of its recurring deposit schemes. Now, the bank offers an interest 7.1% p.a for a tenure of 1 year. Recurring Deposit customers of the bank can earn an interest rate of 6.85% p.a. for a tenure of more than 1 year and up to 5 years and 6.70% p.a. for a tenure of more than 5 years and up to 10 years. Senior citizens can avail an interest rate of 7.5% p.a. for a tenure of 1 year and 7.1% for a tenure more than 1 year and up to 5 years. For a tenure of more than 5 years and up to 10 years, senior citizens will receive an interest rate of 6.95% p.a. on their recurring deposits. City Union Bank has also revised the recurring deposit interest rates for NREs as well. NRE customers an avail an interest of 6.7% p.a. for a tenure of 1 year and 6.85% p.a. for a tenure of more than 1 year and up to 5 years.

    1 December 2016

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City Union Bank RD Rates Reviews

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  • City Union Bank Recurring Deposit
    0.5 5.0/5 "Blown Away!"
    I could open the recurring deposit online with City Union bank. The customer support is good and there are no hassles in the overall process. I earn a good interest on this account. The bank provides good services and the online banking is very convenient.
    Was this review helpful? 0
    , chennai
    Reviewed on Apr 05, 2019
  • City Union Bank
    City Union Bank Recurring Deposit
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    I travel every year with my family for that purpose I deposit Monthly 5000 which gets auto debited from the account. They also offers 7.1 % interest rate. The deposit was started from the branch and it has been a very good experience with their services.
    Was this review helpful? 18
    , chennai
    Reviewed on Jul 13, 2018
  • City Union Bank Recurring Deposit
    0.5 5.0/5 "Blown Away!"
    I took the recurring deposit with the City union bank and I have taken it from the last three year of time. There will be some deduction if I miss the payment for a month. Customer service can be improved in the aspects like they should march towards technology. Rate of interest for the recurring deposit was around 10.25% before two years of time and now its up to 9.75%.
    Was this review helpful? 8
    , chennai
    Reviewed on Jan 20, 2016
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