City Union Bank FD Calculator
Fixed Deposit Interest Rates on Domestic/NRO deposits of less than Rs 2 crore - General Public
| Tenure | Regular Citizens |
| 7 days to 14 days | 4 |
| 15 days to 45 days | 4.1 |
| 46 days to 90 days | 4.15 |
| 91 days to 180 days | 4.25 |
| 181 days to 270 days | 4.5 |
| 271 days to 364 days | 5 |
| 365 days to 399 days | 5.5 |
| 400 days | 5.6 |
| 401 days to 699 days | 5.5 |
| 700 days | 5.75 |
| 701 days to 3 years | 5.5 |
| Above 3 years to 10 years | 5.5 |
Note: The FD interest rates are effective as of 1 September 2022
Fixed Deposit Interest Rates on Domestic/NRO deposits of less than Rs 2 crore - Senior Citizens
| Tenure | Senior Citizens |
| 7 days to 14 days | 4 |
| 15 days to 45 days | 4.1 |
| 46 days to 90 days | 4.15 |
| 91 days to 180 days | 4.25 |
| 181 days to 270 days | 4.75 |
| 271 days to 364 days | 5.25 |
| 365 days to 399 days | 5.75 |
| 400 days | 5.75 |
| 401 days to 699 days | 5.75 |
| 700 days | 6 |
| 701 days to 3 years | 5.75 |
| Above 3 years to 10 years | 5.75 |
Note: The FD interest rates are effective as of 1 September 2022
City Union Bank Tax Saver Deposit - General Public
| Tenure | Regular Citizens |
| 5 years | 6 |
City Union Bank Tax Saver Deposit - Senior Citizens
| Tenure | Regular Citizens |
| 5 years | 6.25 |
NRE Fixed Deposit Interest Rates
| Period | Interest Rates (% p.a.) |
| 365 days to 399 days | 5.5 |
| 400 days | 5.6 |
| 401 days to 699 days | 5.5 |
| 700 days | 5.75 |
| 701 days to 3 years | 5.5 |
| Above 3 years to 10 years | 5.5 |
Note: The FD interest rates are effective as of 1 September 2022
FCNR (B) Fixed Deposit Interest Rates
| Period | USD | GBP | EUR | YEN | CAD | AUD | SGD |
| 1 year to less than 2 years | 3.36 | 2 | 0.4 | 0.1 | 0 | 0 | 0 |
| 2 years to less than 3 years | 3.41 | 2.35 | 0.4 | 0.1 | 0 | 0 | 0 |
| 3 years to less than 4 years | 3.46 | 2.45 | 0.4 | 0.1 | 0 | 0 | 0 |
| 4 years to less than 5 years | 3.4 | 2.35 | 0.4 | 0.1 | 0 | 0 | 0 |
| 5 years only | 3.35 | 2.35 | 0.4 | 0.1 | 0 | 0 | 0 |
Note: The FD interest rates are effective as of 15 July 2022
RFC Fixed Deposit Interest Rates
| Period | USD | GBP | EUR | SGD |
| 1 year to less than 2 years | 3.36 | 2 | 0.4 | 0 |
| 2 years to less than 3 years | 3.41 | 2.35 | 0.4 | 0 |
| 3 years | 3.46 | 2.45 | 0.4 | 0 |
Note: The FD interest rates are effective as of 15 July 2022
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City Union Bank FD Calculator
If you are looking forward to growing your savings, fixed deposit schemes can be a suitable option. City Union Bank fixed deposit interest rates are quite attractive, and they also offer loan facilities, flexible tenure and other features. You can also invest in tax-saving FDs to avail of tax deduction u/s 80C each financial year.
One of the most effective ways to choose a suitable FD scheme is to check the maturity and accrued interest offered. Now, this can be done quite easily with the help of the online City Union Bank FD calculator. Here’s more.
City Union Bank Fixed Deposit (FD) Calculator
City Union Bank offers a minimum of 4.00% interest rates on their fixed deposit schemes. Considering the investment term, you can also acquire higher interest rates of up to 7.10%. For instance, you get interest rate of 6.25%, upon investing for a tenure between 1 year and 399 days. This is applicable for general citizens investing less than ₹2 crore.
Manual calculations of FD interest amount can be quite hectic and time-consuming. You can use an online City Union Bank fixed deposit calculator for easy and error-free estimation. This online tool is designed to produce accurate results. You can use it as many times as you want.
How Does the City Union Bank FD Calculator Work?
Take a look at the steps below to learn how this calculator works:
1. Enter the amount you want to invest in FD, in “Total Investment” box
2. Select a suitable tenure by dragging the purple line under ‘Number of years’ tab
3. Enter the interest rate as per the chosen tenure
4. Check the result instantly on this same page. You will get the interest earned, and maturity amount
Note: You can alter the numbers to calculate the interest earned from different fixed deposit schemes with different deposit amounts.
FD interest rates are calculated using two different formulas. The formula for compound interest calculation goes as follows:
A = P (1 + r/n) ^ n*t
Here, “A” denotes the maturity amount you receive after completing the tenure. “n” represents the frequency of compounding of the interest, “r” stands for City Union Bank fixed deposit interest rate, and “t” indicates the investment term.
Here’s an illustration of the formula to make you understand the calculation procedure better:
Let’s assume you have invested ₹10,000 for a tenure of 5 years at an annual interest rate of 7%, your FD returns will be calculated as follows:
Here,
P = 10,000
r = 7%
n = 1 (As the interest is compounded annually, ‘n’ equals 1. It varies depending on the frequency. For instance, in case of monthly compounding, ‘n’ will be 12)
t = 5
Putting it into the formula:
A = 10,000 (1 + 7%/1) ^ 1*5
Therefore, A = ₹14,148.
However, if you choose a tenure of less than 1 year, interest will be calculated using simple interest formula. It goes as follows:
M = P+ (PXRXT/100)
Benefits of a City Union Bank FD Calculator Online?
If you are still doubtful about using City Union Bank fixed deposit calculator, take a look at the benefits of this online tool:
- This online tool helps you assess different interest returns as per the chosen tenure, interest rate and deposit amount. So, you can determine a convenient FD scheme using this tool.
- You can be assured of 100% accurate results when using this FD calculator to compute FD maturity amount. Just enter the necessary details correctly and you will receive error-free results.
- As you can compare the interest returns from different tenures, it helps plan your investment goals accordingly. You can choose a short-term or long-term FD as per your requirement and convenience.
- This tool is entirely free. You can make multiple alterations as you need.
City Union Bank fixed deposit rate can rise to 7.10% for general citizens. Moreover, senior citizens can earn an additional 0.50% on basic rates. When computed with the Upstox FD calculator, you can determine the results easily. Besides, you need not enter any personal details for logging into this calculator. This online tool is completely free and safe.
Frequently Asked Questions
What is the highest interest rate on City Union Bank FD?
City Union Bank offers the highest 7.10% interest rate on fixed deposits under ₹2 crore for general citizens.
What is the minimum investment for FDs under City Union Bank?
You can open a fixed deposit account in City Union Bank with a minimum of ₹100.
Do we have a premature withdrawal facility on City Union Bank FD?
You can opt for a premature withdrawal by paying a penalty as per the bank’s criteria.
What is the penalty for early withdrawal in City Union Bank FD?
City Union Bank charges a penalty of 1% on early withdrawal of fixed deposits.
In how many years has FD doubled in the City Union Bank?
You can calculate the time needed to double the FD amount in City Union Bank following the rule of 72. You need to divide 72 by the levied rate of interest as per your chosen tenure to determine the time of doubling the amount. For instance, the rate of interest for a tenure of 181 to 270 days is 5.50%. It will take 13.09 years to double your FD amount.
Can new customers open an FD online? If not, how can they do so?
New customers need to open a CUB account and avail internet banking to open a fixed deposit account online.
Can I deposit an additional amount into my already existing FD?
No, you cannot deposit any additional sum into an already existing fixed deposit account.
Does City Union Bank provide an auto-renewal facility for fixed deposits?
Yes, you can avail auto-renewal facility for fixed deposits in City Union Bank.
Are there any special rates for senior citizens?
Senior citizens can avail an additional 0.50% interest on the regular fixed deposit rates.
Disclaimer:
This calculator is meant to be used for indicative purposes only. It is designed to assist you in determining the appropriate amount of prospective investments. This calculator alone is not sufficient and shouldn’t be used for the development or implementation of any investment strategy. Upstox does not take the responsibility/liability nor does it undertake the authenticity of the figures calculated therein. Upstox makes no warranty about the accuracy of the calculators/reckoners. The examples do not claim to represent the performance of any security or investments. In view of the individual nature of tax consequences, each investor is advised to consult his/her own professional tax advisor before making any investment decisions on the basis of the results provided through the use of this calculator.