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 7.75% for the domestic deposit of same amount ( Rs. 1 Crore) for an period of 1 year. Normal people can enjoy 7.25% for the same case.

The interest rate for domestic deposit of amount about 1 Crore for general people is 8.00%, 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 7.75% for the normal people. Interest would be 7.75% for the above case for senior citizens.

If you are going with NRE Fixed Deposit, then for an amount of 1 Crore, the maximum interest rate would be 7.75% for a maturity period of 1 year. In the above case, the interest becomes 7.50% where the maturity period is 5 years up to 10 years. The below rates are effective from 1 January, 2016.

City Union Bank fd interest rates

Time PeriodInterest Rates ( Normal )

(% p.a.)

Interest Rate (Senior citizens)

(% p.a.)

7 – 14 Days6.756.75
15 – 30 Days6.756.75
31 – 45 Days6.756.75
46 – 60 Days6.756.75
61 – 90 Days6.756.75
91 Days – 180 Days7.257.25
271 Days – 1 year7.657.65
1 year7.758.25
1 year – 1.5 Year7.758.00
1 Year – 2 Years7.758.00
2 Years – 3 Years7.758.00
3 Years – 5 Years7.758.00
5 Years – 10 Years7.507.75

For NRE Term Deposit rates:

PERIODRate of Interest

(% p.a)

1 Year7.75
Above 1 to 3 years7.75
Above 3 to 10 Years7.50

Updated: 3 April, 2016

Calculate maturity amount now

Important Notes:

  • 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.

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

Check out more detail @ http://www.cityunionbank.com/english/deposit.aspx

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.

Leave a Reply

Your email address will not be published.


*