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City Union Bank Savings Account

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Updated: 03-01-2023 07:18:03 AM

Note: The information on this page may not be updated. Kindly refer to the bank website to check the latest information.

City Union Bank is headquartered at Kumbakonam, Tamil Nadu and has a huge presence across all India. One of the top private sector banks, it provides various banking and financial products to cater to different customers. Let’s take a peek at all the savings accounts at City Union Bank.

City Union Bank  Savings Account Interest Rate

City Union Savings Account BalanceRate of Interest
Less than Rs. 1 lakh3.00% p.a.
Above Rs. 1 lakh and up to Rs.10 lakh3.50% p.a.
Above Rs. 10 lakh4.00% p.a.

Note: The above-mentioned interest rates are effective from 2nd January 2023.

Types of City Union Bank Savings Account
Documents Required for City Union Bank Savings Account
How to Open a Savings Account in City Union Bank?

Types of City Union Bank Savings Account

Type of City Union Bank Savings AccountPrimary Features
Basic Savings Bank Account
  • Zero balance account
  • Free NEFT/RTGS facilities
General Savings Account
  • Free electronic fund transfer
  • Nomination facility available and recommended
City Union Bank Excel
  • Insurance coverage
  • Free internet and mobile banking
Young India Savings Account
  • Free debit card
  • Free remittance of college fees
Junior India Savings Account
  • Account operated by the guardian
  • Free electronic transfer across CUB accounts
Salary Savings Account
  • No minimum balance required
  • Free electronic fund transfer across CUB accounts
Pradhan Mantri Jan Dhan Yojana (PMJDY)
  • Zero balance account
  • Government backed

1: Basic Savings Bank Account

ParticularsDetails
Minimum Balance RequiredZero balance account
ATM Debit CardYes, available
Rate of Interest4% p.a.
Electronic Fund TransferFree NEFT and RTGS
EligibilityResident Individuals

2: General Savings Account

ParticularsDetails
Minimum BalanceYes, required
ATM Debit CardFree international ATM debit card
Rate of Interest4% p.a.
Electronic Fund TransferFree IMPS, NEFT and RTGS across CUB accounts
EligibilityResident individual sole or joint account, Hindu Undivided Families (HUFs), Minor (account will be operated by parent or guardian)

3: City Union Bank Excel

ParticularsDetails
Nomination Yes, compulsory
ATM Debit CardYes, international ATM debit card
Rate of Interest4% p.a.
Electronic Fund TransferFree IMPS, NEFT and RTGS
EligibilityResident individuals of age between 18 to 54 years

4: Young India Savings Account

This account is for children who have just turned into adults and looking forward to a savings account for best returns.

ParticularsDetails
Nomination facilityAvailable and recommended
ATM Debit CardFree international debit card
Rate of Interest4% p.a.
Electronic Fund TransferFree RTGS, NEFT and IMPS
EligibilityStudents between the age of 18 and 25 years

5: Junior India Savings Account

This account is essentially made for children and teenagers to promote the idea of savings from the very savings.

ParticularsDetails
Minimum Balance Yes, required
ATM Debit CardYes, available  for account holders above 12 years of age
Rate of Interest4% p.a.
Electronic Fund TransferFree RTGS, NEFT and IMPS
EligibilityChildren from day 1 to under 18 years of age

6: Salary Savings Account

ParticularsDetails
Minimum Balance RequiredZero balance account
ATM Debit CardInternational ATM cum debit card
Rate of Interest4% p.a.
Electronic Fund TransferFree RTGS, NEFT and IMPS
EligibilityResident individuals

7: Pradhan Mantri Jan Dhan Yojana (PMJDY)

The primary aim of this account of financial inclusion. Here are some of the features.

ParticularsDetails
Minimum Balance RequiredZero balance account
ATM Debit CardFree RuPay card
Rate of Interest4% p.a.
Nomination FacilityYes, available
EligibilityResident individuals

Documents Required for City Union Bank Savings Account

To open a savings account with City Union Bank, an applicant must keep the following documents:

  • Proof of Identity: PAN card, Aadhaar card, voter ID, driving license, passport, any photo ID issued by Central or State government, Identity card /confirmation from the employer etc.
  • Proof of Address: Aadhaar card, passport, driving license, voter ID, utility bills (water, electricity, gas, and telephone), bank account statement, etc.
  • Proof of Age (for children or minors): Birth certificate, high school certificate, school ID card, passport, Aadhaar card, PAN card, a declaration by the parent or legal guardian in case of children below the school age

Along with these aforesaid documents, an applicant will require latest passport size photographs and a duly filled account opening application form.

How to Open a Savings Account in City Union Bank?

You can do it online by visiting the website of the bank and apply on the page of the account you want by filling the form. Following this, a representative of the bank will connect with you for further process and formalities.

Alternatively, you can go to the nearby branch of City Union Bank to apply in person. While stepping out for the same, do not forget to keep all the necessary KYC documents (ID and address proof). Once you submit all the requisite documents, your account generation is initiated.

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