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                Dear Customer, Donate generously to PM CARES Fund to help India fight against COVID. Donate funds by selecting 'PM CARES' which is already listed as Beneficiary in your internet/Mobile banking           Click here to donate for PM's National Relief Fund                    Now, drive through toll gates with CUB FASTag - Click here to know more                Click here for auction sale details               &n

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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