Coastal Local Area Bank Ltd FD Rates
A fixed deposit (FD) is a financial instrument wherein you invest an amount for a specific period and at a fixed deposit interest rate to receive high returns. Coastal Local Area Bank offers fixed deposits with attractive interest rates and tenures that range from 7 days to more than 10 years.
Senior citizens can availavail themselves of an additional interest of 0.60% for tenures ranging from 181 days to 5 years and above.
Features and Benefits of Coastal Local Area Bank Ltd Fixed Deposits
The fixed deposits offered by Coastal Local Area Bank come with the following features and benefits:
- Attractive interest rates ranging from 5.00% p.a. to 7.90% p.a.
- Flexible tenures ranging from 7 days to more than 10 years.
- An additional interest rate of 0.60% is offered to senior citizens.
- Interests are paid out on a monthly, quarterly, and half-yearly basis.
- An auto-renewal facility is available.
Coastal Local Area Bank Ltd FD Interest Rates
The interest rates of Coastal Local Area Bank's fixed deposits are as follows:
Tenure | General Public Interest Rates p.a. | Senior Citizens Interest Rates p.a. |
7 days - 14 days | 5.00% | 5.60% |
15 days - 29 days | 5.00% | 5.60% |
30 days - 45 days | 5.25% | 5.85% |
46 days - 90 days | 5.25% | 5.85% |
91 days - 120 days | 6.50% | 7.10% |
121 days - 180 days | 6.75% | 7.35% |
181 days - 270 days | 7.25% | 7.85% |
271 days - 364 days | 7.25% | 7.85% |
1 Year to less than 2 years | 7.85% | 8.45% |
555 days | 7.85% | 8.45% |
2 years to less than 3 years | 7.90% | 8.50% |
999 days | 7.90% | 8.50% |
3 years to less than 5 years | 7.75% | 8.35% |
60 months | 7.75% | 8.35% |
5 years and above | 7.75% | 8.35% |
120 months | 7.75% | 8.35% |
FAQs on Coastal Local Area Bank Ltd FD Rates
- What are the interest rates offered by Coastal Local Area Bank on fixed deposits?
The interest rates offered by Coastal Local Area Bank on fixed deposits range from 5.00% p.a. to 8.25% p.a.
- Is there any additional interest rate for senior citizens?
Yes. An additional interest rate of 0.60% is offered to senior citizens.
- Is there an auto-renewal facility available?
Yes. An auto-renewal facility is available.
- What is the tenure for fixed deposit accounts in Coastal Local Area Bank?
The tenure for fixed deposit accounts in Coastal Local Area Bank ranges from 7 days to 10 years.
- How is the interest rate for the fixed deposits paid out in the Coastal Local Area Bank?
The interest rate for the fixed deposit accounts in Coastal Local Area Bank is paid out on a monthly, quarterly, and half-yearly basis.
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