CUB offers the benefit of fixed deposit and flexibility of withdrawal blended in this scheme
- CUB offers the benefit of fixed deposit and flexibility of withdrawal blended in this scheme
- Minimum amount of deposits - Rs.10000/- and multiples of Rs. 5000/-
- Minimum period (presently) - 30 days Maximum period - 5 years
- Amount can be withdrawn in units of Rs.5000/- each with interest on pro rata basis, continue to earn interest on balance units
- No loan facility offered
- Overdraft facility is available
- Simple interest payable on monthly / quarterly / half yearly / annual basis
- For senior citizens (60 Years +) additional interest rate applicable from 1st year
- Auto renewal option available
- TDS at prevalent Income tax rate is deducted if Form 15G / 15H not submitted
- Nomination facility available
| Customer Type | Minimum Deposit Amount |
|---|---|
| Individuals | Rs.100/- and multiples thereof |
| MSMEs | Rs.1000/- and multiples thereof |
| Corporates | Rs.10,000/- and multiples thereof |
For deposit related insurance, Please scan the below QR code to visit DICGC Website or Visit DICGC Website
