Andhra Bank and Corporation Bank have been merged under Union Bank of India. You can visit the Union Bank of India FD Interest Rates page for more details or read the article below to know all the information about fixed/term deposit schemes offered by Andhra Bank, now merged with the Union Bank of India.
City Union Bank offers a Fixed Deposit (FD) scheme that ensures safety, flexibility, and attractive returns for all investors. The interest rates range from 3.00% - 7.00% p.a. for the general public, with a minimum deposit of ₹100 and a tenure ranging from 7 days to 10 years. Keep reading this blog to know more about City Union Bank Fixed Deposit and its interest rates for 2025.
Tenure | 7 days to 10 years |
Public Interest Rates | 3.00% - 7.00% p.a. |
Senior Citizen Interest Rates | 3.50% - 7.50% p.a. |
Highest Interest Rate for Public | 7.00% p.a. |
Highest Interest Rate for Senior Citizens | 7.50% p.a. |
Premature Withdrawal Penalty | 1.00% |
Minimum Deposit | Rs. 1000 |
Below table provides the interest rates of Andhra Bank, now merged with Union Bank of India, are effective from 1st January, 2025.
Deposit Tenure | General Public | Senior Citizens |
7 to 14 days | 3.00% | 3.50% |
15 to 30 days | 3.00% | 3.50% |
31 to 45 days | 3.00% | 3.50% |
46 to 90 days | 4.50% | 5.00% |
91 to 120 days | 4.75% | 5.25% |
121 to 180 days | 5.25% | 5.75% |
181 days to <1 year | 6.00% | 6.50% |
1 year | 6.75% | 7.25% |
Above 1 year to 398 days | 6.75% | 7.25% |
399 days | 7.00% | 7.50% |
400 days to 2 years | 6.75% | 7.25% |
Above 2 years to 3 years | 6.75% | 7.25% |
Above 3 years to 5 years | 6.50% | 7.00% |
Above 5 years to 10 years | 6.50% | 7.00% |
*Interest rates are subject to change.
Fixed Deposit Receipt (FDR)
This scheme functions like a regular FD with a minimum deposit of Rs. 1,000. For deposits from subsidies, margin money, earnest money, or court-ordered funds, the minimum deposit limit does not apply. Tenure ranges from 6 to 120 months.
Short Deposit Receipt (SDR)
With a minimum deposit of Rs. 1,000, this scheme offers tenures from 7 to 179 days. Interest is calculated quarterly and paid half-yearly in March or September, depending on the maturity date.
Money Flex Term Deposit (MFTD)
This scheme combines high returns with withdrawal flexibility. Single or joint accounts can be opened, with a minimum deposit of Rs. 25,000 and a maximum of Rs. 2 crore. Tenure ranges from 6 months to 10 years.
Cumulative Deposit Scheme
Ideal for small investors, this scheme allows monthly deposits starting at Rs. 50. Tenure ranges from 6 to 120 months, making it suitable for a wide range of income groups, including salaried individuals.
Deposit Re-Investment Certificate (DRIC)
Interest in this scheme is compounded quarterly and paid with the principal at maturity. The minimum deposit is Rs. 1,000, with no upper limit. Tenure ranges from 6 to 120 months.
Monthly Income Scheme (MIS)
This scheme offers guaranteed monthly income at a fixed interest rate. The tenure ranges from 12 to 120 months, with a minimum deposit of Rs. 1,000.
Union Sumvridhi (333 Days)
Union Sumvridhi provides a higher interest rate for a fixed term of 333 days. The minimum deposit is Rs. 1,000, and the maximum is Rs. 3 crore.
Non-Callable Term Deposits Scheme
Available for single deposits over Rs. 2 crore, this scheme includes options such as Deposit Re-Investment Certificate, Fixed Deposit Receipt, and Short Deposit Receipt. Tenures range from 61 days to 3 years. Premature withdrawal is allowed only in exceptional situations.
Motor Accident Claims Annuity Deposit (MACAD)
Designed for one-time deposits as per court or tribunal directives, this scheme pays out in equated monthly installments (EMIs) that include both principal and interest. The tenure ranges from 36 to 120 months, with a minimum monthly annuity of Rs. 1,000.
Andhra Bank, now part of Union Bank of India, offers the Easy Tax Saver Deposit Scheme for taxpayers. Eligible individuals and HUFs with a PAN can benefit from this scheme.
Key features include:
If annual interest exceeds Rs. 40,000, the bank deducts TDS at 10%. The tax on returns depends on your income tax bracket, regardless of the interest rate or other factors.
Check the returns you may receive from Andhra Bank FD schemes with our easy-to-use FD calculator page.
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