The corporation Bank offers decent and almost constant FD interest rate of 9 percent for a period of 1-5 years with an additional .50 percent for senior citizens (which is not true in all the cases since there is no benefit for them between 1-5 Crore investment or when period is less or both).
To avail the extra interest rates, the seniors must invest for at least 3 months but still check on other constraints(like amount) if apply. The Fixed deposit interest rates for Corporation Bank are quite low for any period between 0-6 months but gradually increase up to 9 percent if the investment is for more than six months.
They reach a maximum of 9.10 percent (9.60 for seniors) under a special ’555′ days investment scheme. If you are planning an investment for 1-2 year, then this 555 days plan would provide you with the best FD rates to go for without giving a second thought.
Short Table For Corporation Bank Fixed deposit interest rates:
|Name Of Bank||6 Month -1 Year||1-2 Years||2-3 Years||3-5 Years||Above 5 years|
Full Corporation Bank Fixed deposit interest rates Details