Catholic Syrian Bank Fixed Deposit Rates

Catholic Syrian Bank Tax Saving FD scheme

1. The deposits made with CSB are eligible for tax deductions under Section 80C of the Income Tax Act. The tax-saving fixed deposit scheme by CSB is called 'CSB Tax Savings Support'.
2. The minimum amount invested should be Rs.100 to a maximum of Rs.1.5 lakh per financial year.
3. The period of deposit is 5 years.
4. The applicable rate of interest is same as the interest rate for domestic term deposits given by the bank
5. The senior citizens will benefit from an additional interest rate. 
6. The tax benefit on this scheme will be as per the 80C IT Act.
   

Note: Interest rates are effective from 01 March 2025. 

Catholic Syrian Bank FD Scheme  

1. Designed exclusively for resident Indian senior citizens (60 years and above). 

1. NRIs are not eligible for this scheme. 

1. Offers higher interest rates than regular FDs (up to ~7.90% p.a.). 

1. Minimum deposit: Rs.5,000. 

1. Tenure: From 6 months to 10 years. 

1. Interest payout options: Monthly, quarterly, or cumulative at maturity. 

1. Joint accounts are permitted. 

1. No premature withdrawal penalty after a minimum lock-in period (as per bank rules). 

1. Does not offer tax benefits under Section 80C. 

1. Backed by a CRISIL A1+ rating indicating high safety.
2. Ideal for senior citizens looking for stable and enhanced returns.
   

Note: Interest rates are effective from 01 March 2025. 

Catholic Syrian Bank Tax Saving Acharya FD Scheme  

1. Designed exclusively for resident Indian senior citizens (60 years and above). 

1. NRIs are not eligible for this scheme. 

1. Offers higher interest rates than regular FDs (up to ~7.90% p.a.). 

1. Minimum deposit: Rs.5,000. 

1. Tenure: From 6 months to 10 years. 

1. Interest payout options: Monthly, quarterly, or cumulative at maturity. 

1. Joint accounts are permitted. 

1. No premature withdrawal penalty after a minimum lock-in period (as per bank rules). 

1. Does not offer tax benefits under Section 80C. 

1. Backed by a CRISIL A1+ rating indicating high safety. 

1. Ideal for senior citizens looking for stable and enhanced returns.

Note: Interest rates are effective from 01 March 2025.

Catholic Syrian Bank NRE FD Rates

The Interest Rate for Catholic Syrian Bank NRE FD are as follows

Note: The rates for the tenures marked with specific days (401 days, 750 days, 7 years) denote special rates. Interest rates are effective from 03 May 2025. 

Interest Rates for Catholic Syrian Bank NRO FD

Note: Interest rates are effective from 03 May 2025.

Interest Rates for Catholic Syrian Bank FCNR (B) FD

Features and Benefits of Catholic Syrian Bank Fixed Deposit Scheme

1. The FD can be opened for amount as small as Rs.100 and tenure as less as 7 days.
2. The monthly interest paid is at discounted interest value and the quarterly interest paid is at full value.
3. The CSB bank gives nomination facility along with FD scheme.
4. The maximum tenure for an FD is 10 years.

Types of Catholic Syrian Bank Fixed Deposit Schemes

• General Fixed Deposit Scheme:
  • The minimum amount for this FD scheme is Rs.100 and minimum period is 7 days.
  • The interest accumulated in this scheme is paid either monthly at discounted interest value or quarterly at full interest value.
• Acharya Deposits:
  • This scheme is specially designed for Senior Citizens and gives higher rate of interest on deposits.
  • The minimum deposit amount for this scheme is Rs. 5000 and the minimum tenure is 6 months.
  • The applicant should be minimum 60 years of age and an Indian resident to be eligible for this scheme.
• CSB Tax Savings Support:
  • Deposits made under 'CSB Tax Savings Support' are eligible for tax benefits under Section 80C of the Income Tax Act.
  • The minimum period of deposit is 5 years and the applicable interest rate is the same as that for domestic term deposits.

Catholic Syrian Bank Premature Withdrawal Facility

1. The term deposit opened under individual capacity can be closed via Net Banking through 'e-closure' link provided under the 'Deposits' menu.
2. The bank allows instant closure and process credit immediately to the same account which was used to fund.
3. For joint accounts, closure of term deposit will be done automatically if the customer has 'Auto Closure' while creating deposit.

Nomination Facility on Catholic Syrian Bank FD

1. The CSB gives nomination facility with the FD scheme.
2. For 'CSB Tax Saving Support Scheme', nomination can be made either jointly or individually and can be in favour of a single person.
3. The nomination can be made during the tenure of the deposit or on the date of FD creation.
4. The nomination application on behalf of the minor shall be denied.

Catholic Syrian Bank Loan Against FD

1. The CSB allows customers to avail of a loan or overdraft against the FD. However, you will have to visit the CSB branch with the required KYC documents and a copy of e-receipt to complete loan formalities.