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    Corporation Bank Fixed Deposit Rates

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    5% - 7.9% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year onwards
    7.25% - 7.4% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know

    Corporation Bank Fixed Deposit Rates is Rated as "Excellent!" by 13 Users

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    How to find the best rates for a Fixed Deposit

    Corporation Bank is one of the players in the public-sector banking space. They offer customers retail products including fixed deposits at attractive interest rates and varying tenors.

    Returns on fixed deposits are subject to change according to movements in market rates and to suit a banks liquidity requirements. It can be hard to track these changes much less determine the optimum FD scheme to invest in.

    The above table reflects the latest interest rates for Corporation Banks FDs so as to enable real-time comparison of maturities.

    Corporation Bank Short-Term FD Rates

    Holdings of 30 and 60 days are pegged at 6%. This is increased to 8% for deposit-periods between 90 days and 6 months and further increased by 0.25% for a 9-month period at 8.25%.

    Corporation Bank Medium and Long-Term FD Rates

    Interest rates on deposit-periods between 1 to 5 years are at 9%, except for the 3-year scheme on which a return of 9.11% is offered.

    Corporation Bank Senior Citizen FD Rates

    Senior citizens can avail an increment of 0.5% on existing FD rates for all schemes except on very-short term holdings i.e. 30 days and 60 days.

    Returns are attractive on a short-term basis vis-a-vis other banks offering similar products.

    All rates mentioned herein are on an annual basis and are compounded quarterly.


    News About Corporation Bank Fixed Deposit

    • Corporation Bank Rate Changes for March

      Maybe it was the budget discussion on Tuesday or the long-standing directive of the Reserve Bank of India to reduce the rates of credit facilities for customers, banks have accordingly been taking measures to either hike some rates or lower some for different tenures of fixed deposits.

      When it comes to Corporation Bank, tenures of 7 days to 14 days will be earning an interest rate of 5.50% per annum, with a hike of 0.50% for the period of 15 days to 60 days. From 61 days to 90 days, the advertised rate of interest changed from 6.5% to 6.25% per annum and for the next slot of 91 days to 180 days, the advertised rate of interest becomes 7% per annum from the earlier 6.75% per annum. From 181 to 270 days, the rate of interest offered is also 7% per annum from the earlier 7.25% per annum while from 271 days to less than a year the rate reduced by 0.50% per annum to become 7% per annum. The highest rate of interest is 7.5% per annum for a tenure of 1 year to less than 2 years and also for deposits of 2 years and above. All deposits are meant to be less than INR 1 crore.

      3rd March 2016

    • New Term Deposits offered from Corporation Bank

      Effective 5th February 2016, Corporation Bank has introduced 2 new term deposits, they are Super gain plus and Power plus. These term deposits offer customers a higher rate of interest. The Super gain plus will fetch depositors a rate of 7.66% per annum, and the tenure should be a minimum of 444 days. While the Power plus deposit will provide customers with 7.77% interest rate per annum, for a minimum period of 555 days. The deposit can be either fixed or cumulative, but must have a minimum deposit should be at least Rs. 10,000 but less than Rs. 1 crore. Premature withdrawal will not be charged any penalties. Senior citizens get a higher rate of interest as allowed, even NRI, and co-ops can apply for these deposits.

      16th February 2016

    • Corporation Bank changes Fixed Deposit Rates

      With the latest change in the repo rate of RBI, banks across India have been in a kind of race to reduce their base rate and subsequently, rates of interest on several products. Corporation Bank has contributed to the buzz by bringing in some of its own changes.

      The highest rate of interest applicable on fixed deposits from Corporation Bank as of September 2015 is 8% for deposits of less than Rs. 1 crore compared to the earlier high of 9.11%. With addition of two new tenure brackets, the lowest interest rate on the shortest term deposit clocks at 5.50% which steadily increases by fractional amounts to a high of 7.85% for deposits of 9 months. Crossing over this tenure and staying within the 2 year range attracts an interest rate of 8%, the highest available. Interest rates for deposits for terms of 2 years and more fall by 0.25% and are at 7.75% currently.

      10th September 2015

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