• Catholic Syrian Bank Fixed Deposit Rates

    Catholic Syrian Bank was established as early as 1920 in Thrissur. The bank provides numerous options when it comes to fixed deposits (FDs). The various types of FD schemes offered include the General FD Income Scheme, Family Welfare Account, Acharya Deposits, CSB Tax Savings Support, and Cumulative Deposits. All term deposits can be opened with minimal paperwork and through the bank’s net banking facility. The interest rates paid begin from 3.50% p.a. and goes on till  6.75% p.a.

    Listed in the table below are the latest interest rates offered on Catholic Syrian Bank fixed deposits for regular and senior citizens in 2018:

    Tenure Regular Interest Rate (per annum) Senior Citizen Interest Rate (per annum)
    7 days to 14 days 3.50% NA
    15 days to 29 days 4.00% NA
    30 days to 90 days 5.00% NA
    91 days to 179 days 5.50% NA
    180 days to 364 days 6.25% 6.75%
    365 days to less than 3 years 6.50% 7.00%
    3 years 6.75% 7.15%
    Above 3 years to 10 years 6.50% 7.00%

    *All interest rates are applicable for deposits that are less than Rs.1 crore

    Catholic Syrian Bank Short-Term FD Rates

    • There are many tenure options for short-term FDs, which begins from as less as 7 days and goes on till 364 days.
    • The rate paid begins from 3.50% p.a. and goes on till 6.25% p.a., which is the highest interest rate that is paid in this time slot.
    • For 7 days to 14 days, the bank rate applicable is 3.50% p.a., while for 15 days to 29 days, the rate applicable is 4.00% p.a.
    • For 30 days to 90 days, the rate of interest receivable will be 5.00% p.a., and for 91 days to 179 days, the applicable rate is 5.50% p.a.

    Catholic Syrian Bank Medium-Term FD Rates

    • Any FD that is opened for a duration that is from 1 year to 5 years may be referred to as a medium-term deposit.
    • As far as the rate of interest is concerned, Catholic Syrian Bank medium-term deposits will give the investors returns from 6.50% p.a. to 6.75% p.a.
    • The most well-paid duration of investment is 3 years as it will fetch the customer a rate of 6.75% p.a, which is the highest FD rate paid by the bank
    • For 1 year to less than 3 years, a bank rate of 6.50% p.a. is applicable and for any investment that is from more than 3 years to 10 years, the rate paid will be the same.
    • Investors seeking tax benefits can choose to go for the CSB Tax Savings Support scheme that pays at the rate of 6.50% p.a.

    Catholic Syrian Bank Long-Term FD Rates

    • Any investment that is made for more than 5 years to 10 years, will fall in this range.
    • The interest rate paid for such FDs is 6.50% p.a.
    • 10 years is the maximum tenure for which one can hold a time deposit in this bank. In case an investor wants to keep it for a longer tenure, he/she can renew the deposit for a preferred time frame.

    Catholic Syrian Bank Senior Citizen FD Rates

    • Those who are 60 years of age and above will be considered as senior citizens and will be allowed to get a much higher rate of interest.
    • Those who fall in this age group can make an investment in Acharya Deposits that are specifically tailor-made to suit the needs of this category of investors.
    • A higher interest rate will be applicable for any tenure that is more than 180 days for people in this category.
    • The interest range is from 6.75% p.a. to 7.25% p.a, this being the highest interest rate paid to pensioners by the bank.

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