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CUB Recurring Deposit Scheme in 2026
Recurring Deposit (RD) is a reliable way to build up your savings for the future. It requires minimal investments made consistently to get higher interest on the invested sum. The City Union Bank (CUB) offers the CUB Recurring Deposit Scheme, which has a lot of benefits for depositors.
CUB Recurring Deposit Interest Rate in 2026
Here is a list of CUB Recurring Deposit interest rates that you need to know about:
Tenure | Rate of Interest (for General Citizens) | Rate of Interest (for Senior Citizens) | Rate of Interest (for Super Senior Citizens) |
7 days to 14 days | 4.00% | 4.00% | 4.00% |
15 days to 45 days | 4.25% | 4.25% | 4.25% |
46 days to 90 days | 4.75% | 4.75% | 4.75% |
91 days to 180 days | 5.75% | 5.75% | 5.75% |
181 days to 270 days | 6.00% | 6.25% | 6.25% |
271 days to 364 days | 6.25% | 6.50% | 6.55% |
365 days to 499 days | 6.80% | 7.00% | 7.05% |
500 days | 7.00% | 7.25% | 7.50% |
501 days to 3 Years | 6.50% | 6.75% | 6.80% |
Over 3 Years upto 10 Years | 6.25% | 6.50% | 6.60% |
Tax Saver | 6.75% | ||
What is the CUB Recurring Deposit Scheme?
The CUB Recurring Deposit Scheme is a term deposit banking service which enables depositors to invest small amounts of money consistently for a chosen tenure. It is ideal for people who have short-term financial saving goals. For instance, it would be beneficial for people who want to save up some emergency funds.
The process of availing funds at City Union Bank is very simple, and the bank offers attractive interest rates up to 7.00% p.a.
Features of CUB Recurring Deposit Scheme
Here is a list of some key features of the City Union Bank (CUB) RD scheme:
- There is no TDS (Tax Deduction at Source) of this scheme.
- There is no present cap on the upper limit, which can be deposited in an RD account.
- RD accounts can be opened by minors above the age of 12 years under parental guidance.
- Depositors can avail loan facility against the sum investment made in RD.
- There is also a preclosure facility available for all depositors.
Benefits of RD Scheme at CUB
Here is a list of CUB Recurring Deposit scheme benefits that you can avail upon opening an RD account at City Union Bank (CUB):
- The tenure period is flexible and can be chosen by the depositor while opening an RD account.
- A Recurring Deposit account provides higher interest compared to a normal savings account.
- Applicants are eligible to appoint a nominee to their RD accounts.
- The interest rates of Recurring Deposit are not affected by any market fluctuations.
NRE Term Deposit Interest Rate Chart for RD in 2026
Here is a list of available interest rates for NRE (Non-Resident External) Deposits:
Tenure | Rate of Interest |
365 days to 499 days | 6.80% |
500 days | 7.00% |
501 days to 3 Years | 6.50% |
Who is Eligible to Apply for CUB RD Scheme?
Here is a list of CUB recurring deposit scheme eligibility criteria:
- Indian Resident Individuals or Individuals jointly
- Trusts and Associations
- Members of Hindu Undivided Family (HUF)
- Public and Private Limited Companies
Required Documentation to Apply for RD at CUB
Here are the CUB Recurring Deposit scheme documents required to open an account:
- ID (issued by Postal Agency)
- Passport
- PAN Card
- Voter ID Card
- Driving License
- ID Card from your current employer/another bank
- Rent Agreement (if applicable)
- ID Card of recognised educational institutions
- Job Card (issued by NREGA)
- Bank Account Statement
- Telephone Bill
- Aadhaar Card issued by UIDAI
- Consumer Pass Book (Gas Agency)
- Ration Card
Conclusion
The CUB Recurring Deposit Scheme allows you to get higher interest rates with only minimal investments. Investing in an RD is beneficial when you have short-term financial goals. It can help you get into a disciplined habit of saving for the future.
