City Union Bank 2024 –City Association Bank offers FD financing costs of 5.00-7.75% p.a. to the overall population and 5.00-8.00% p.a. to senior residents on residencies going from 7 days to 10 years. The financing cost on City Association Bank Duty Saving FDs is 7.00% p.a. for the overall population for residencies of 5 years. The bank likewise offers different fixed store items for NRIs, like NRO, NRE, RFC, and FCNR (B) fixed stores. City Association Bank acknowledges FCNR (B) fixed stores in US Dollars (USD), English Pound Authentic (GBP), Euro (EUR), Japanese Yen (YEN), Canadian Dollar (computer aided design), Australian Dollar (AUD), and Singapore Dollar (SGD). The bank acknowledges RFC fixed stores in USD, GBP, EUR and SGD.
City Union Bank is a financial institution that offers a wide range of services to its customers. The bank was established, and has since grown to become one of the largest financial institutions in the state. One of the main advantages of using City Union Bank is that it provides a variety of banking products and services, including loans, deposits, and insurance. In addition, the bank offers a full range of financial planning and investment services, including retirement plans, stocks, bonds, and trusts. In short, City Union Bank has everything you need to manage your finances and achieve financial security.
City Union Bank 2024
The Fixed Deposit (FD) program is available from City Union Bank at interest rates starting at 5.00% per annum. to 7.75% p.a. The scheme lasts anywhere from seven days to ten years. When opening an FD plan with City Union Bank, senior citizens may receive a higher interest rate. At City Union Bank, opening a recurring deposit (RD) account is simple. The RD account lasts anywhere from seven days to 120 months. For an RD account to be opened, a minimum deposit of Rs. 100 must be made. Senior citizens receive a higher interest rate based on the length of their account.
City Union Bank offers interest rates ranging from 4.00% to 6.30%. You can also get a loan against the deposit in your account. The bank has a strong presence in the local community and provides financial services to individuals and businesses throughout the region. Its employees are committed to providing outstanding customer service and are knowledgeable about the local economy and market trends. In addition, City Union Bank has an innovative banking platform that helps streamline operations and make managing funds easier for its clients.
City Union Bank 2024 Interest Rate For FD Details
| Bank Name | City Union Bank |
| Article Name | City Union Bank Interest Rate For FD |
| Category | Trending |
| Official Website | Click Here |
About City Union Bank FD
City Union Bank FD is a financial institution that was established in 1982 and is based in the city of Louisville, Kentucky. It provides banking services to individuals, businesses, and other entities, including mortgages, loans, and investments. The bank’s website provides a wide range of information about its products and services, including videos and articles about current events in the financial world. The bank also offers educational materials on a variety of topics relevant to personal finance, such as budgeting and managing debt.
One of the nation’s oldest banks, the City Union Bank was established in 1904. Customers of The CUB, which has its headquarters in Thanjavur, Tamil Nadu, can take advantage of a wide range of financial and banking services. Due to their advantages of high liquidity, attractive interest rates, loan features, and tax benefits, fixed deposit accounts are highly regarded among the numerous services offered by the bank. The maximum duration of a Standard fixed deposit is ten years, with a minimum term of seven days. CUB requires a minimum deposit of Rs. 100 to open a fixed deposit account.
Check Also- IDBI Bank 2024 Interest Rate For FD
Types of Fixed Deposit Schemes Available with City Union Bank
There are several types of fixed deposit schemes (FDS) available with City Union Bank. These include a regular term deposit, a fixed deposit for short-term goals, and a fixed deposit for long-term savings. The regular term deposit is ideal for people who want to have a regular source of income but do not need the funds right away. With this type of FD, you can make regular deposits into the bank account and earn interest on your money as it grows.
The fixed deposit for short-term goals is typically a good option for people who want to set aside money for an upcoming expense or goal. This type of FD allows you to make a small initial deposit with the promise that the bank will return your principal if you decide not to keep your funds in the account any longer. The fixed deposit for long-term savings is ideal for those who want to ensure that they have enough funds set aside for a particular purpose or goal in advance. With this type of FD, you can make an initial deposit and commit to keeping your funds in the account until needed.
City Union Bank caters to a wide range of customers with a variety of deposit options.
- Fixed Deposit: A fixed deposit with the standard features
- Flexifix Deposit: The benefits of a fixed deposit and the flexibility to withdraw them are combined in this scheme
- Tax Saver Deposit: Any fixed deposit with a lock-in period of five years will be eligible for section 80C tax savings.
Read More- Karnataka Bank 2024 Interest Rate For FD
Fixed Deposit
City Union Bank’s fixed deposit features include the following:
- Open your accounts online and make a bulk deposit of Rs. The minimum deposit amount is Rs. In the case of cumulative deposits, interest shall be calculated and added to the principal at the end of every quarter.
- For senior citizens (60 years and older), additional interest rate applicable from the first year Pre-closure and Auto renewal options are available Loan / OD option available TDS at the prevalent Income tax rate is deducted.
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Flexifix Fixed Deposit
Key highlights of these stores are as referenced underneath –
- Inhabitant individual-single and shared services
- Least measure of stores – Rs.10000/ – and products of Rs. 5000/ –
- Least period (as of now) – 30 days Most extreme period – 5 years
- Sum can be removed in units of Rs.5000/ – each with premium on star rata premise, keep on acquiring interest on balance units
- No credit office advertised
- Overdraft office is accessible
- Straightforward interest payable on month to month/quarterly/half yearly/yearly premise
- For senior residents (60 Years +) extra financing cost relevant from first year
- Auto recharging choice accessible
- TDS at predominant Personal expense rate is deducted in the event that Structure 15G/15H not submitted
- Assignment office accessible
Tax Saver Deposit
- The Resident Individual-Single and Joint Accounts, HUF Save Tax under Section 80C of the Income Tax Act, and the Acceptance of Deposits from Rs. are key features of Tax Saver Deposits.
- 100/- ; Tax Saver Gold: Takes deposits starting at Rs. 1000/-, with a maximum of Rs. 1,50,000 per year for both schemes Tenor – 5 years (lock in) Loan facility – not available Pre-closure – not available
- In the case of the Tax Saver Silver Deposit, simple interest is paid monthly or quarterly In the case of the Tax Saver Gold Deposit, cumulative interest is paid on maturity TDS at the prevalent Income tax rate is deducted if Form 15G or 15H is not submitted Nomination facility – not available
Read More- Citi Bank 2024 Interest Rate For FD
CUB FD Interest Rates 2024
| Period | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 days to 14 days | 5.00 | 5.00 |
| 15 days to 45 days | 5.50 | 5.50 |
| 46 days to 90 days | 5.75 | 5.75 |
| 91 days to 180 days | 6.00 | 6.00 |
| 181 days to 270 days | 6.25 | 6.50 |
| 271 days to 364 days | 6.50 | 6.75 |
| 365 days to 443 days | 6.75 | 7.00 |
| 444 days | 7.75 | 8.00 |
| 445 days to 699 days | 6.95 | 7.00 |
| 700 days | 7.10 | 7.25 |
| 701 days to 3 years | 7.25 | 7.25 |
| Above 3 years to 10 years | 6.90 | 7.25 |
Check Also- Bank of Maharashtra 2024 Interest Rate For FD
NRE Fixed Deposit Interest Rates w.e.f. 18 January 2024
| Period | Interest Rates (% p.a.) |
| 365 days to 443 days | 6.75 |
| 444 days | 7.75 |
| 445 days to 699 days | 6.95 |
| 700 days | 7.10 |
| 701 days to 3 years | 7.25 |
| Above 3 years to 10 years | 6.90 |
Also Read- Indian Overseas Bank 2024 Interest Rate For FD
FD Calculator
The FD Calculator is a tool that helps people figure out how much money they could make at maturity from investing in a fixed deposit. The CUB FD maturity amount can be determined using the available City Union Bank FD Calculator. The tool will show you potential FD earnings after you enter information like the amount of your deposit, the current City Union Bank FD rates, and the term.
The City Union Bank Fixed Deposit calculator is a user-friendly and hassle-free tool for quickly calculating the maturity amount and interest earned and due at policy termination. You can determine the appropriate FD amount by entering some fundamental information. An investor can use the FD Calculator to determine the rates for fixed deposits by following these steps.
Conclusion
The interest rate offered by City Union Bank 2024 is 3.75% for FD and RD accounts and 4.25% for forex accounts. The conclusion of this calculator is that the bank offers a competitive interest rate for its various deposit products. Additionally, the bank offers a variety of valuable banking services, including check cashing, loan payments, and wire transfers. Overall, it’s a solid financial institution with many benefits for its customers.
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