Home  |  About Us  |  Policy  |  Contact Us  |  Sitemap  |  FAQ  |  Career
 
Personal Banking Corporate Banking NRI Services
Accounts    |   Deposits    |   Recurring Deposit   |   Tax Saver    |   Charges    |   Insurance    |  Loans    |   Other Facility
Questionaire on your Branch service. Click here to enter your feedback.   
Friday, 29-Jul-2016
searchImg
 Home »  Personal Banking »  Deposits » Fixed Deposits  » fixeddeposits
Interest Rates
Deposit
Advance
MCLR w.e.f 01.07.2016
 
Performance Card
Press Release
Quarterly Results
Annual Results
CUB Share Tracker
Recognition & Awards
Complaints & its analysis
 
Online Banking
Online Application
Utility Bill Payments
Mobile Banking
Online Shopping
Book Railway Ticket
Verified by Visa
 
Calculators
 
Online Application:
Opening Account / Loans
 
BASEL II & III Disclosure
OMBUDSMAN Scheme
Customer Grievance
Submission of PAN
online application for College Students
Inoperative Accounts / Unclaimed Deposits
Customer education series
Business continuity plan
Subsidy received under CLCS Scheme
 
Regulator Notification
Monetary Museum
General Information about the Museum
RBI Press Release
 
 
 
 
Deposit :
 
Fixed Deposit
Features

Fixed deposit are deposits payable after a fixed period of time. It carries only simple interest payable monthly /quarterly/ half yearly annually.


Period of Deposit

The minimum period of Fixed Deposit is 15 Days and maximum period is 10 Years. However bank may accept deposit for period exceeding 10 Years in terms of order of the competent court or where interest of minors are involved and where there is valid reason for accepting the deposit for a longer period. The period of deposit may be extended up to a maximum of 20 years in the case of institutions government undertakings, corporate bodies to meet there special needs like creation of sinking fund, amourtisation fund etc., or for individuals for any other needs.


Opening of A/C

The amount may be tendered in cash or by way of cheques or drafts. The minimum amount for a fixed deposit is Rs.100/-.If the deposit amount is exceeds Rs.50000/- the amount will be accepted as cheques only other wise the Income Tax Permanent account number is must.

A fixed deposit account can be opened by

a) a person in his/her own name;

b) two persons or more than two persons in their joint names in anyone of the following forms:

Accounts in the name of Mode of operation

A & B Either or Survivor
A & B Jointly or Survivor
A & B Former or Survivor
A, B & C Anyone or Survivors or Survivor

c) a sole proprietorship concern, partnership firm, Private and Public Limited companies, Joint Hindu families, associations, clubs, societies, trust, executors as administrators etc.,

The clause repayable to either or survivor/former or survivor/anyone or more or survivor(s) includes the right to the survivor(s) to apply before the date of maturity for repayment or for credit facilities against the security of the deposit.

The clause repayable to Former or Survivor includes the right to the Former to apply before the date of maturity for repayment or for credit facilities against the security of the deposit or change in the name of the survivor without the consent of the survivor(s). In view of the survivorship clause facilitating the survivor to get payment of the balance on the due date, it is desirable for constituents to opt for "Either or Survivor" or "Former or Survivor" account.

KYC COMPLIANCE AND DOCUMENTS REQUIRED

Payment of Interest


Interest at the rates and intervals as applicable from time to time will be paid. At present interest is payable at quarterly intervals. In case the depositors desire to receive the interest at monthly intervals, interest will be paid less discount. The discount is the equivalent of the proportionate monthly interest. (For example, discount on Rs.1000 at 8% is 1000 x 8/1208 = Rs.6.62). Interest may also be credited to an account as per the depositor's discretion. As per the RBI directive all payments of interest and principal will be rounded off to the nearest rupee. The interest payment is subject to the rules on tax deduction at source

Click to see the latest interest rate

  Next
Access Your Account
 
Personal Banking lockimg
Corporate Banking
Online Share Trading
 Android
 
Branch Locator
 
ATM Locator
 
DEMO
 
 
Latest News
 

1. Questionaire on your Branch service. To enter your feedback  Click here..

2. RuPay Debit Card Offers 

3. Visa Debit Card Offers 

4. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.

5. CUB launches mBank Plus application to perform your banking tasks from your palm anywhere anytime. To view the features of the mBank Plus application Click here..

6. CUB launches missed call services call 9278177444 to get your operative account balance.

7."Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day.....issued in the interest of investors."

8. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

9. RuPay Card Online Usage Instructions in IRCTC.Click here..

 
 
Terms & Conditions
 
Service Charge & Fees
 
Apply Online
 
Online RTGS/NEFT
Online Taxes
ASBA
Money 2 India
 
  Top
Security Alert  |  Download  |  Sitemap  |  Verified by VISA  |  RuPay PaySecure  |   Disclaimer |  Grievance  |  Call Center
chic logo