City Union Bank Savings Account

What is a City Union Bank Savings Account

A City Union Bank savings account allows customers to keep their money safely and earn interest on the balance held. The interest is accrued on a regular basis and helps the customer build their savings gradually. With the savings account, every customer can make deposits, withdrawals, online transfers, and digital payments. Customers can manage their accounts anywhere using debit cards and online banking services.

City Union Bank Savings Account Interest Rates

The following table provides a general representation of savings account interest rates depending on the balance maintained.

*CUB Savings account interest rates as of June 25, 2025.

Types of City Union Bank Savings Accounts

City Union Bank provides several savings account options to suit varied banking needs.

1. CUB General Savings Account:

    A standard savings account designed for managing daily banking tasks. It includes debit card access, cheque book facilities, internet banking, and varying minimum balance options depending on the account variant.

2. Young India Savings Account:

   This is a student-oriented savings account that may help students to be economically stable. It provides free debit cards, internet banking, and the option to easily remit college fees through banking facilities.

3. Junior India Savings Account:

   It is a savings account designed to serve minors and is supervised by a parent or guardian. It has a limited banking service and enables electronic transfer between accounts of City Union Bank.

4. Salary Savings Account:

    A savings account designed for salaried individuals that enables easy salary credits and digital banking transactions. It generally offers zero minimum balance requirements and provides debit card and online banking facilities.

5. Pradhan Mantri Jan Dhan Yojana (PMJDY):

    A government-supported City Union Bank zero balance savings account that promotes financial inclusion. It offers basic banking services such as deposits, withdrawals, debit card access, and direct benefit transfers.

6. CUB Zero Balance Savings Account:

    A savings account that enables customers to keep their account without a minimum balance. It includes benefits like insurance cover of personal accidents, access through a debit card, and easy digital banking.

Key Features of City Union Bank Savings Account

There are several features of the City Union Bank savings account that facilitate day-to-day banking.

• Interest on Savings: The savings account interest rate applies to the money deposited by the depositors in their accounts and helps them to grow the sum over a period of time.
• Digital Banking Services: Internet banking and mobile banking allow customers to transfer money, check balances, and perform transactions online without visiting a branch.
• Sweep-in Facility: The City Union Bank sweep in FD option may automatically move surplus funds from the savings account to fixed deposits, helping customers earn better City Union Bank FD interest rates.
• Multiple Account Options: City Union Bank offers various account variants, including student accounts, salary accounts, and zero balance savings account options, making it a suitable choice for the best savings account.

How to Open a City Union Bank Savings Account

Customers can open a savings account at City Union Bank online or by visiting a branch.

Online Application

It is easy and fast to open a savings account online.

• Visit Website/App: Access the City Union Bank official webpage or mobile banking application.
• Check Eligibility: Verify the requirements for the selected savings account.
• Fill Application: Fill in personal and contact details and preferences of the account.
• Upload Documents: Submit identity and address proof, such as PAN and Aadhaar, for KYC verification.
• Complete Verification: Check information with the help of OTP
• Account Activation: Once the savings account is successfully verified, it becomes active.

Offline Application

Customers are also able to open a savings account in a branch of City Union Bank.

• Visit the Branch: Go to the nearest City Union Bank branch.
• Request Form: Ask for the savings account opening form from the bank.
• Fill Form: Complete all sections with your name, address, and contact details.
• Submit Documents: Give identity proof, address proof, PAN, and recent photographs.
• Verification: Bank staff review all submitted documents for approval.
• Account Activation: The account is activated after the verification is done.

Key Takeaways

City Union Bank savings account enables its customers to save their money safely and enjoy interest rates of between 2.75% to 4.50% p.a. It provides debit cards, ATM services, and digital banking services. Different forms of accounts are available, including the City Union Bank zero balance savings accounts, which allow customers to easily conduct their savings and perform other daily banking transactions.