The corporation Bank offers decent and almost constant FD interest rate of 7.25 percent for a period of 1-5 years with an additional .50 percent for senior citizens for deposits above 90 days (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 7 percent if the investment is for more than six months.
Don’t Miss: Dhanlaxmi Bank Fixed deposit interest rates
They reach a maximum of — percent (— 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. Below interest rates are effective from 21 November, 2015.
Table For Corporation Bank Fixed deposit interest rates (Domestic/NRO):
|TIME PERIOD||BELOW ONE CRORE|
(% per Annum)
|Senior Citizen Rates|
(% per Annum)
|7 – 14 Days||5.50||5.50|
|15 – 30 Days||6.00||6.00|
|31 – 45 Days||6.00||6.00|
|46 – 60 Days||6.00||6.00|
|61 – 90 Days||6.25||6.25|
|91 Days – 180 Days||7.00||7.50|
|181 Days – 270 days||7.00||7.50|
|271 Days – 1 year||7.00||7.50|
|1 Year – 2 Years||7.25||7.75|
|2 Years – 3 Years||7.25||7.75|
|3 Years – 5 Years||7.25||7.75|
|5 Years – 10 Years||7.25||7.75|
|Above 10 Years||7.25||7.75|
Corporation Bank provides good interest rates for above one year fixed deposits.
NRE Fixed Deposit Interest Rates:
|Maturity range||Below 1 crore||Above 1 crore|
|above 2 years||7.25||7.25|
Updated: 10 January, 2016
- 1% penalty will be charge for closing deposits before maturity period and no interest will be paid for closing deposits before 7 days.
- Deposits of senior citizens & staff’s opened under NRO and NRE scheme are not eligible for additional interest benefit.
- Contact branch to open fixed deposit account above 1 crore.
- No interest will be paid for closing deposits before maturity period in case of NRE deposits.
- 4% interest rate for all saving accounts.
To get full Corporation Bank interest rates details visit official website @http://www.corpbank.com/rates_deposit_rate