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Term Deposit Rates cut by City Union Bank effective from April 2, 2009 | Ratekhoj.com, Best Fixed Deposits, Loans, Insurance Rates and Credit Cards

Term Deposit Rates cut by City Union Bank effective from April 2, 2009

Posted in Fixed Deposits  by Ram Vishnu
April 4, 2009



City Union Bank term deposit rates have been reduced effective from April 2, 2009. City Union Bank is a private sector bank in India with over 180 branches spread out mainly in the southern states of Tamilnadu, Andhra Pradesh and Karnataka with some branches in Maharashtra and Gujarat.

Fixed deposit rates for a term of 5 years have come down from 9.00% to 8.00% while those for a term of 3 to 5 years have come down from 9.50% to 9.00. The latest fixed deposit rates offered by City Union Bank as of April 2, 2009 are as follows:

 

Duration Rate Deposit Amount Rules Additional Interest for Seniors
15 days-45 days 5.50%   -
46 days-90 days 6.00%   -
91 days-180 days 7.00%   -
181 days-1 year 8.50%   -
1 year-3 years 9.75%   0.25%
3 years-5 years 9.00%   0.50%
5 years-10 years 8.00%   0.50%

 

Term deposit interest rates in India have been cut by a number of banks in India recently. South Indian Bank (for a term of 1170 days), Development Credit Bank (for a term of 1 year) and Tamilnad Mercantile Bank (for a term of 1-3 years) are offering the highest fixed deposit interest rates in India of 10.00% as of April 2, 2009.




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