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City Union Bank Hikes FD Rates, Now Offers Upto 7.50% To Senior Citizens
City Union Bank, a private sector lender, has hiked the interest rates on fixed deposits (FDs) to less than Rs 2 Crore. According to City Union Bank's official website, the new rates on FDs are effective from April 5, 2023.
The interest rates offered by the bank to the general public ranges from 5% to 7% for the maturity period that ranges from 7 days to 10 years and for senior citizens for the same deposit period, the interest rate on FD ranges from 5% to 7.50%. On deposit period of 400 days, the bank offers highest interest rates up to 7% for the general public and 7.50% for senior citizens. The bank offers 6.50% interest on tax saver FD.
Interest rates for Domestic Term Deposits & NRO Deposits effective from 05 April 2023
| Period | General Interest (% p.a.) | Senior Citizens Interest (% p.a.) |
|---|---|---|
| 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% |
| 400 days | 7.00% | 7.50% |
| 401 days to 3 years | 6.50% | 6.75% |
| Above 3 Years upto 10 Years | 6.25% | 6.50% |
| Tax Saver | 6.50% | --- |
Please Note - For *NRO deposits, the above rates under General category will alone be applicable i.e., senior citizen rate is not applicable
Source - cityunionbank.com
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