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 same amount ( Rs. 1 Crore) for an period of 1 year. Normal people can enjoy 7.10% 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 6.85% for the normal people. Interest would be 6.85% for the above case for senior citizens. The below rates are effective from 28 November, 2016.

City Union Bank fd interest rates

City Union Bank Fixed Deposit Interest Rates 2017 (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 Year7.10%7.50%
1 Year to 1.5 Year6.85%7.10%
1 Year to 2 Years6.85%7.10%
2 Years to 3 Years6.85%7.10%
3 Years to 5 Years6.85%7.10%
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 7.10% 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 2017:

PERIODRate of Interest

(% p.a)

1 Year7.10%
1 Year to 5 years6.85%
5 Years to 10 Years6.70%

Updated: 2 February, 2017

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.
  • Senior citizen rates are not applicable for NRE Deposits

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.

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