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City Union Bank Recurring Deposit Interest Rates 2020

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The process to open a Recurring Deposit (RD) account at City Union Bank is simple. The tenure of the RD account ranges between 12 months and 120 months. The minimum amount that must be deposited in order to open an RD account is Rs.100. Depending on the tenure of the account, an additional rate of interest is provided to senior citizens. The interest rate offered by City Union Bank ranges between 6.30% and 7.10%. You can avail a loan against the deposit available in the account as well.

Interest Rates offered by City Union Bank on Recurring Deposits of less than Rs.2 crore

Tenure General (%) Senior Citizens (%)
1 year 6.60% 7.10%
Above 1 year but less than 5 years 6.35% 6.60%
Above 5 years and up to 10 years 6.30% 6.55%

CUB Apoorva – Life Insurance Linked Recurring Deposits

Under a life insurance linked RD account, a single, as well as a joint account, can be opened. The minimum and maximum monthly deposit that must be made in the account are Rs.100 and Rs.10,000, respectively. The tenure of the account can range between 3 years and 5 years. Nomination facility, pre-closure facility, and loans against the available deposit are some of the features of the CUB Apoorva account. The rate of interest offered by the account is 6.35%.

City Union Bank Short-Term Recurring Deposit Interest Rates

An RD account opened for a period of 12 months fall under the bracket of short-term recurring deposits. The interest offered by the bank to general citizens is 7.35% p.a. on such RDs.

City Union Bank Medium-Term Recurring Deposit Interest Rates

Recurring Deposits which are opened for a period that ranges between 1 year 1 day and 5 years are known as medium-term recurring deposits. The interest paid by the bank is 7% p.a. on medium-term recurring deposits.

City Union Bank Long-Term Recurring Deposit Interest Rates

On long-term recurring deposits, the interest paid by City Union Bank is 6.70% p.a. Long-term recurring deposits are those which have a tenure that ranges from 5 years 1 day to 10 years.

City Union Bank Senior Citizen Recurring Deposit Interest Rates

Citizens who fall under the bracket of senior citizens are offered interest in the range of 6.95% to 7.50% p.a. for opening a recurring deposit account with the bank. The bank offers senior citizens additional interest of 0.15% on the 1 year tenure and 0.25% on the other tenures.

NRE/NRO Recurring Deposit Interest Rates

The interest offered on NRE and NRO recurring deposits is the same as the ones offered to resident Indians by the bank.

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
    "Satisfactory"
    CITY UNION BANK
    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? 5
    , chennai
    Reviewed on Apr 05, 2019
  • City Union Bank
    City Union Bank Recurring Deposit
    "Good Service"
    CITY UNION BANK
    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? 23
    , chennai
    Reviewed on Jul 13, 2018
  • City Union Bank Recurring Deposit
    "Good"
    CITY UNION BANK
    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? 11
    , chennai
    Reviewed on Jan 20, 2016
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