Product Details
Bank Name
City Union Bank
Eligibility
For Individuals
For MSMEs
For Corporates
Interest Rate
4% - 7.10%
Tenure
Minimum period presently - 7 days Maximum period - 10 years
Fixed Deposit Type
Regular FD
CUB Fixed Deposit Schemes
Tax Benefits
Not Provided
Credit Ratings
[ICRA]A1+
Interest Payment Frequency
Simple interest payable on monthly / quarterly / half yearly / annual basis
Cummulative/Non-Cummulative
Both
Features
Open your deposits online Bulk deposit of Rs. 1 Crore and above are accepted Minimum period presently - 7 days Maximum period - 10 years Simple interest payable on monthly / quarterly / half yearly / annual basis In case of Cumulative deposits, interest shall be calculated and added to the principal at the end of every quarter For senior citizens (60 Years +) additional interest rate applicable from 1st year Pre-closure and Auto renewal options available Loan / OD option available TDS at prevalent Income tax rate is deducted
Minimum Investment Amount
Minimum amount of deposit
For Individuals: Rs.100/- and multiples thereof
For MSMEs: Rs.1000/- and multiples thereof
For Corporates: Rs.10,000/- and multiples thereof
Fees and Charges
Pros
Flexible Tenures
Competitive Interest Rates
Interest Payout Options
Loan Facility
Cons
Early Withdrawal Penalty
Pros & Cons
Account Opening and Procedure
How to Open?
Application Procedure
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