Give your Savings an edge with higher interest rate.Get upto 4%* on your Savings Account Balances with CUB.Click for details       Dear Customer, We have launched Video KYC facility for New customers to open savings account at the convenience of their home.Click Here for Instant Account Opening                Click here for Instant e-PAN Home Page.        COVID-19 Precatutions: "Wear Mask, Wash Hands with Soap / Sanitizer Frequently and Keep Social Distancing". Stay Home Stay Safe        

City Union Bank - Tax Saver Deposits - Save Tax

CUB offers tax saver deposits

  • Resident individual-single and joint accounts and also HUF
  • Save Tax under Sec 80C of the Income Tax Act
  • Tax Saver Silver - Accept deposits from Rs. 100/-. Tax Saver Gold - Accept deposits from Rs. 1000/-
  • Maximum not exceeding Rs. 1,50,000/- for a financial year in both the schemes
  • Tenor - 5 years (lock in)
  • Loan facility is not available
  • Preclosure is not available
  • In case of Tax Saver Silver Deposit simple interest is paid monthly / quarterly
  • In case of Tax Saver Gold Deposit cumulative interest is paid on maturity
  • TDS at prevalent Income tax rate is deducted if Form 15G / 15H is not submitted
  • Nomination facility is available
  • Click here for Interest rate
  • Documents required
Give your Savings an edge with higher interest rate.Get upto 4%* on your Savings Account Balances with CUB.Click for details       Dear Customer, We have launched Video KYC facility for New customers to open savings account at the convenience of their home.Click Here for Instant Account Opening                Click here for Instant e-PAN Home Page.        COVID-19 Precatutions: "Wear Mask, Wash Hands with Soap / Sanitizer Frequently and Keep Social Distancing". Stay Home Stay Safe        
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