How to find the best rates for City Union Bank Fixed Deposit
City Union Bank has been an integral component of Indian customers since its inception in 1904. Over a period of 110 years, the bank has diversified, offering new products and services to its customers. City Union bank offers different kinds of fixed deposits designed to cater to multiple needs of individuals. These Fixed Deposits come at extremely attractive and competitive interest rates, with an assurance on quality and transparency. Interest rates offered by City Union Bank vary depending on the term of a particular Fixed Deposit, with different terms having different rates.
City Union Bank Short-term Fixed Deposit Rates
Fixed Deposits ranging from 7 days to 364 days fall under the short-term fixed deposit category. The interest rate for regular Fixed Deposits range from 6.75% per annum to 7.75% per annum. Terms ranging from 7-90 days earn an interest of 6.75% per annum, with terms between 91 and 180 days earning an interest of 7.25% per annum and terms between 181 and 364 days earning an interest of 7.75% per annum. A break up of these rates is showcased in the table below.
City Union Bank Medium and Long-term Fixed Deposit Rates
Deposits for periods of over a year are classified as Medium and long-term periods. NRE and NRO deposits also fall under this bracket, which see interest rates between 7.75% and 8.25% per annum. The interest rates for all types of fixed deposits for a particular period in this range are same, with the interest for 1 year standing at 8.25%. The interest rate for FDs with a term of 2 years is 8% per annum, with FDs with terms above 2 year earning an interest of 7.75%. The table below highlights these interest rates.
City Union Bank Senior Citizen Rates
City Union Bank offers special interest rates to Senior Citizens, who are defined as being over the age of 60 years. The interest rate offered to senior citizens is up to 25 percentage points higher compared to others (in certain instances). This rate depends on the period of a FD, with terms between 30 and 90 days attracting an interest of 6.75% per annum, terms between 120 days and 180 days having an interest of 7.25% per annum and terms of 9 months having an interest of 7.75% per annum. FDs for a term of 1 year attract the highest interest rate of 8.50% per annum. FDs for terms between 1 year and 5 years have an interest of 8.25% per annum. The table below highlights these rates.
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