City Union Bank revises interest rates on fixed deposits: Details inside

City Union Bank FD Rates

The bank is currently offering an interest rate of 4.00% on fixed deposits maturing between 7 to 14 days and 4.10% on fixed deposits maturing between 15 and 45 days. Fixed deposits maturing between 46 and 90 days will now attract interest at the rate of 4.15%, while fixed deposits maturing between 91 and 180 days will now attract interest at the rate of 4.25%. Fixed deposits maturing from 181 days to 270 days will now attract interest at the rate of 4.50%, while fixed deposits maturing from 271 days to 364 days will attract interest at the rate of 5.00%.

On fixed deposits maturing in 365 days to 399 days, City Union Bank is now offering an interest rate of 5.50%, while the bank will guarantee an interest rate of 5.60% on fixed deposits maturing in 400 days. The bank will now guarantee an interest rate of 5.50% on fixed deposits maturing in 401 to 699 days and 5.75% on fixed deposits maturing in 700 days. The bank is currently offering an interest rate of 5.50% on fixed deposits maturing in 701 to 10 years and 6.00% on tax-saving fixed deposits with maturities of 5 years.

City Union Bank on its website mentions that “For NRO deposits, the above rates under general category alone will be applicable, i.e. senior citizen rate is not applicable.”

On the other hand, private sector lenders RBL Bank Announced to increase the interest rate on savings accounts. According to the bank’s official website, the new rates will be applicable from September 5. RBL Bank, one of the private sector banks, is now offering a maximum interest rate of 6.25% saving account top deposit 25 lakhs and up to 7.5 crores.

post your comment
first article