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                

deposit interest rate

DOMESTIC TERM DEPOSITS (Including MSD) from 08.06.2020
Period
 Rate of Interest % p.a
General Senior Citizens
Less than Rs.2 Crore
7 days to 14 days 3.00% 3.00%
15 days to 45 days 3.25% 3.25%
46 days to 90 days 3.50% 3.50%
91 days to 180 days 3.75% 3.75%
181 days to 270 days 4.00% 4.00%
271 days to 364 days 5.00% 5.00%
1 year 5.50% 6.00%
Above 1 year and up to 3 years 5.75% 6.25%
Above 3 years and up to 5 years 5.50% 6.00%
Above 5 years and upto 10 years 5.25% 5.25%
Tax Saver Schemes (both for General category and Senior Citizens) ROI p.a  6.00%

For NRO deposits, the above rates under General category will alone be applicable i.e., senior citizen rate is not applicable.

Terms :   Senior citizens:    Age - Completed age of 60 years.

 

NRE TERM DEPOSITS ( Senior citizen rate not applicable)
From 08-06-2020
PERIOD Rate of Interest % p.a
1 year 5.50%
Above 1 year and up to 3 years 5.75%
Above 3 years and up to 5 years 5.50%
Above 5 Years and upto 10 Years 5.25%
NRE Savings A/C: From 03-05-2011  rate of interest will be 4.00% P.a

 

Revised rate of interest on savings Bank account with effect from 01.04.2020
Average balance Rate of Interest % p.a
Less than Rs. 1 lakh 3.50%
Above Rs. 1 lakh and up to Rs.10 lakh 3.75%
Above Rs. 10 lakh 4.00%
 

 

Interest rates for FCNR (B) Deposits from 01-SEP-2020 to 30-SEP-2020
PERIOD USD GBP EUR YEN CAD AUD SGD
1 Year and above but less than 2 Years 1.00 0.34 0.00 0.00 0.78 0.67 0.28
2 Years and above but less than 3 Years 0.99 0.36 0.00 0.00 0.56 0.67 0.32
3 Years and above but less than 4 Years 1.01 0.39 0.00 0.00 0.63 0.71 0.39
4 Years and above but less than 5 Years 1.04 0.19 0.00 0.00 0.72 0.32 0.50
5 Years only 1.11 0.23 0.00 0.00 0.79 0.41 0.60

 

Interest rates on RFC Deposits from 01-SEP-2020 to 30-SEP-2020
PERIOD USD GBP EUR SGD
1 Year and above but less than 2 Years 1.00 0.34 0.00 0.28
2 Years and above but less than 3 Years 0.99 0.36 0.00 0.32
3 years 1.01 0.39 0.00 0.39

# Libor Rates as Declared  by FEDAI #
* Penal interest of 1 % for premature closure of Deposits

x