The City Union Bank offers a decent interest rate for both normal and senior citizens for domestic deposit of amount about Rs. 1 Crore. However, the senior citizens can grab the maximum interest rate of 7.50% for the domestic deposit of the same amount ( Rs. 1 Crore) for a period of 1 year. Normal people can enjoy 7.35% for the same case.

The interest rate for domestic deposit of amount above 1 Crore for general people is 7.35%, at the maximum maturity period of 5 years to about 10 years.

Tax saver fixed deposit:

City Union Bank also offers Tax Saver Fixed Deposit of amount about 1 lakh per financial year, and the interest rate would be 7.50% for the normal people. Interest would be 7.50% for the above case for senior citizens. The below rates are effective from  9 January 2019

City Union Bank fd interest rates

City Union Bank Fixed Deposit Interest Rates Feb 2019 (Domestic/NRO Deposits):

Time PeriodInterest Rates ( Normal )

(% p.a.)

Interest Rate (Senior citizens)

(% p.a.)

7 Days to 14 Days6.25%6.25%
15 Days to 30 Days6.25%6.25%
31 Days to 45 Days6.25%6.25%
46 Days to 60 Days6.25%6.25%
61 Days to 90 Days6.25%6.25%
91 Days to 180 Days6.75%6.75%
271 Days to 1 Year7.00%7.00%
1 Year7.35%7.50%
1 Year to 1.5 Year7.35%7.50%
1 Year to 2 Years7.35%7.50%
2 Years to 3 Years7.35%7.50%
3 Years to 5 Years7.35%7.50%
5 Years to 10 Years6.70%6.95%

If you are going with NRE Fixed Deposit, then for an amount of 1 Crore, the maximum interest rate would be 7.35% for a maturity period of 1 year. In the above case, the interest becomes 6.70% where the maturity period is 5 years up to 10 years.

City Union Bank NRE Term Deposit rates  Feb 2019:

PERIODRate of Interest

(% p.a)

1 Year7.35%
1 Year to 5 years7.35%
5 Years to 10 Years6.70%

Updated: 2 February 2019

Important Notes:

  • The rate of interest will be 4% p.a. for both domestic and NRE saving accounts.
  • 1% penalty will be charged for closing deposits before maturity time.
  • Age of senior citizens should be above 60 years.
  • Senior citizen rates are not applicable to NRE Deposits

Bank of India Fixed Deposit Interest Calculator

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However, it is recommended to visit the official website for having complete detail about the interest rates.

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1 Comment

  1. I am a senior citizen. I wish to know what is the percentage of interest on cash certificate deposit for one year. Illustration with a deposit of One Lake is solicited.

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