Fill in all the necessary details in the CUB account opening form.On the FD scheme page, on the right-hand side, click on ‘Apply Now.Select the type of deposit you want to invest in, and the page will be redirected to the scheme’s page.On the topmost tab, click on ‘Personal’ and select ‘Deposits’.The following steps will help an individual to open a CUB Bank FD account through internet banking: One can open a City Union Bank FD account through various modes such as Internet Banking, Mobile App and offline. How to Open a City Union Bank FD Deposit Account? However, they can open a fresh City Union Bank FD with the new amount. Additional payments: Investors cannot deposit an additional amount in a City Union Bank FD once it has commenced.The scheme covers all City Union Bank deposits up to INR 5,00,000. Safety: The Deposit Insurance Scheme of RBI covers all City Union Bank deposits.Auto-renewal: Investors can opt for auto-renewal of their City Union Bank FDs.Nomination facility: City Union Bank FD investors can nominate beneficiaries for their FDs.However, the CUB charges a penalty for all premature withdrawals, according to their norms. Premature withdrawal: All City Union Bank FDs can be withdrawn prematurely except for the tax-saving FD.Key Features of City Union Bank Fixed Deposit Schemes Whereas for Tax Saver Gold FD, the interest is paid at maturity.
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