This article offers a brief summary of the key aspects of the City Union Bank’s Flexifix Deposit schemes. Since these details are subject to frequent updates, please refer to the bank’s official website for the most current information on features and interest rates.
City Union Bank – Flexifix Deposit Features:
- CUB combines the advantages of fixed deposits with flexible withdrawal options in this scheme.
- You can start with a minimum deposit of Rs. 10,000/- and in multiples of Rs. 5000/-.
- The duration ranges from a minimum of 30 days to a maximum of 5 years.
- Withdrawals can be made in increments of Rs. 5000/-, with interest calculated on a pro-rata basis. The remaining balance continues to accrue interest.
- Unfortunately, there’s no provision for loans, but there is an overdraft facility available.
- Senior citizens (aged 60 years and above) enjoy an additional interest rate starting from the first year.
- TDS is deducted at the prevailing Income tax rate if Form 15G/15H is not submitted.
How to invest?
Click here to invest in the City Union Bank’s Flexifix Deposit schemes.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank/institution.