The corporation Bank offers decent and almost constant FD interest rate of 7.00 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 6.50 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 31st December, 2016.
Corporation Bank Fixed deposit interest rates 2017 (Domestic/NRO):
|TIME PERIOD||BELOW ONE CRORE|
(% per Annum)
|Senior Citizen Rates|
(% per Annum)
|7 Days to 14 Days||5.00%||5.50%|
|15 Days to 30 Days||5.00%||5.50%|
|31 Days to 45 Days||5.00%||5.50%|
|46 Days to 60 Days||6.00%||6.50%|
|61 Days to 90 Days||6.00%||6.50%|
|91 Days to 180 Days||6.50%||7.00%|
|181 Days to 270 days||6.65%||7.15%|
|271 Days to 1 year||6.65%||7.15%|
|1 Year to 2 Years||7.00%||7.50%|
|2 Years to 3 Years||7.00%||7.50%|
|3 Years to 5 Years||6.90%||7.40%|
|5 Years to 10 Years||6.90%||7.40%|
|Above 10 Years||6.90%||7.40%|
Corporation Bank provides good interest rates for above one year fixed deposits.
Corporation Bank NRE Fixed Deposit Interest Rates 2017:
|Maturity range||Below 1 crore||1-10 crores||Above 10 crore|
|1 Year to 2 Years||7.00%||5.90%||5.00%|
|2 Years to 3 Years||7.00%||5.90%||5.00%|
|Above 3 Years||6.90%||5.90%||5.00%|
Updated: 4 January, 2017
- 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