Flexi Fixed Deposit City Union Bank

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What is a City Union Bank Flexi Fixed Deposit?

Flexi Deposit City Union Bank is a secured investment option that links your savings or current account with a fixed deposit. When your balance exceeds a threshold limit (decided by you), the extra amount is automatically swept into a fixed deposit in multiples of ₹5,000 to earn higher returns. If you need funds, a reverse sweep withdraws only the required amount, ensuring liquidity. This facility helps you earn Flexi Fixed Deposit interest rates without compromising funds access.

City Union Bank Flexi Deposit Interest Rates

City Union Bank Flexi Deposit earns the same interest rates as regular fixed deposits. Here are the latest City Union Bank FD rates for general and senior citizens:

For Deposits Less than ₹3 Crores

*City Union Bank FD interest rates w.e.f. June 13, 2025

Key Features of City Union Bank Flexi Deposit 

Flexi Fixed Deposit City Union Bank comes with a range of convenient features. Here are some of the key ones:

• Deposit Tenure: The Flexi Fixed Deposit allows deposits for a minimum of 30 days and up to a maximum of 5 years.
• Earns FD Returns: Swept-in funds earn interest at rates similar to regular fixed deposits. Simple interest is payable monthly, quarterly, half-yearly, or annually.
• Flexible Withdrawal, No Manual Transfers: Withdrawals occur automatically as needed, providing ease and convenience without requiring manual intervention.
• Minimum Deposit Amount: The minimum deposit amount for the Flexi Fixed Deposit is ₹10,000 for individuals, in multiples of ₹5,000. For MSMEs, the minimum deposit starts at ₹1,000, and for corporates, it is ₹10,000, also in multiples of ₹5,000.

How to Open a City Union Bank Flexi Fixed Deposit?

You can open a Flexi Deposit with City Union Bank either online or by visiting a branch. This deposit links to your savings account, allowing you to earn higher interest on surplus funds while keeping them accessible.

1. Online FD Opening

   You can book a City Union Bank Flexi Deposit online if you are an existing customer. New customers must first open a savings account with City Union Bank.

   • NetBanking or Mobile App: Log in to City Union Bank Internet Banking or the CUB All-in-one Mobile app.
   • Go to ‘Deposits’: Go to the ‘Deposits’ section and select ‘Open Fixed Deposit’.
   • Select FD Type: Choose the Flexi Fixed Deposit option.
   • Select FD Amount: Enter the deposit amount and tenure, and select the account to be linked.
   • Maturity Instructions: Set your sweep-in and sweep-out instructions.
   • Review & Confirm: Review the details and confirm.
   • FD Receipt: The bank will issue a receipt for the FD.

2. Offline FD Opening

   If you find the offline process more convenient, just visit your nearest City Union Bank branch to book an FD.

   • Visit CUB Branch: Visit a City Union Bank branch with your PAN and Aadhaar card.
   • FD Form: Request and fill out the Fixed Deposit application form, mentioning that you want a Flexi Fixed Deposit.
   • Submit Documents: Submit the form along with your savings account number. New customers must also provide KYC documents, including ID and address proof.
   • Fund Transfer/Deposit: The bank official will verify the documents and complete the deposit process.
   • Tenure & Interest Options: You can choose your preferred tenure and interest payout frequency.
   • Get the FD Receipt: The bank official will provide an FD receipt.

Difference Between Flexi Fixed Deposits and Regular Fixed Deposits

Here’s a quick comparison to help you understand how a City Union Bank Flexi Deposit differs from a normal FD:

Key Takeaways

The Flexi Fixed Deposit City Union Bank helps customers earn better returns than regular FDs without losing access to their money. Extra funds from the savings account are automatically moved into a fixed deposit, where they earn the same FD interest rates. When money is needed, only the required amount is withdrawn, and the rest keeps earning interest. This facility can be activated through net banking, the mobile app, or at a branch, making it an efficient way to manage money while keeping it accessible.