COVID-19 Precatutions: "Wear Mask, Wash Hands with Soap / Sanitizer Frequently and Keep Social Distancing". Stay Home Stay Safe     Dear Customer, We have launched Video KYC facility for New customers to open savings account at the convenience of their home. We would be glad to serve your Family & Friends who may wish to start banking with CUB. Click here to download 'CUB Easy'                 Dear Customer, Online ASBA is enabled in our Net/Mobile Banking.                 Dear Customer, You can now submit Form 15G/H online through Net/Mobile banking.                City Union Bank, Employees & Board Members together made a humble contribution of Rs 2 Crs to support the Governments in the fight to eradicate Corona Virus pandemic: Rs 1 Cr to @PMcares & Rs 1 Cr to TN CM relief fund                

agri Tax-Saver

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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
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