City Union Bank (CUB) Fixed Deposit: City Union Bank (CUB) Fixed Deposit/Term Deposit Schemes, NRI/NRO/NRE Deposit Rates City Union Bank (CUB), Bank Fixed Deposits/Term Deposit in India, NRI/NRO/NRE Interest Rates

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City Union Bank (CUB)

Fixed Deposit Rates

You are requested to reconfirm the rates from the respective banks before making any financial commitments.

a) For domestic deposits - Up to Rs. 1 cr (last revised on May 10, 2013)

Maturity Period	Deposit Amount	INTEREST RATE (% p.a.) General Senior Citizen

7 days to 180 days	Up to Rs. 1 cr	7.25 7.25	Calculate
181 days to 364 days	Up to Rs. 1 cr	7.65 7.65	Calculate
1years and above upto2 years	Up to Rs. 1 cr	9.50 9.75	Calculate
above 2 years and upto 5 years	Up to Rs. 1 cr	9.25 9.50	Calculate
above 5 years and upto 10 years	Up to Rs. 1 cr	8.75 9.00	Calculate

Tax Saver Fixed Deposits (Amount capped at Rs. 1 lakh per Financial Year)

Maturity Period	Deposit Amount	INTEREST RATE (% p.a.) General Senior Citizen

City Union Bank Tax Saver Scheme - 5 years	Upto Rs. 1 lakh	9.25 9.25	Calculate

Tax Implications:

The amount invested in fixed deposits with a maturity period of 5 years in a Scheduled bank is eligible for tax deduction under section 80C. However, the interest earned on the deposit is taxable.
Tax will be deducted at the source, if the interest income on a fixed deposit per annum exceeds Rs.10000

a) For NRE Fixed Deposit - Up to Rs. 1 cr (last revised on May 10, 2013)

Maturity Period	Deposit Amount	INTEREST RATE (% p.a.)

1years and above upto2 years	Up to Rs. 1 cr	9.50	Calculate
above 2 years and upto 5 years	Up to Rs. 1 cr	9.25	Calculate
above 5 years and upto 10 years	Up to Rs. 1 cr	8.75	Calculate

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