Corporation Bank Fixed Deposit Interest Rates 2022

200000

We've found 34  Fixed Deposits

of amount 200000 edit | cancel for duration of
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Period Period & Institution
Institution
% Rate p.a. &
Compounding frequency
Maturity Amount
Details
  % Rate p.a. &
Compounding frequency
& Maturity Amount
  • 34  Fixed Deposits
    1 Year Kotak Mahindra
    Kotak
    6.6%
    Quarterly compounding
    213530
    • Indian Private Sector Banks
    • Fixed deposit
    6.6%   &   Quarterly compounding
    213530
  • 34  Fixed Deposits
    1 Year Allahabad Bank
    Allahabad Bank
    6.75%
    Quarterly compounding
    213846
    • Public Sector Banks
    • Fixed deposit
    6.75%   &   Quarterly compounding
    213846
  • 34  Fixed Deposits
    1 Year Bank Of Baroda
    Bank of Baroda
    6.9%
    Quarterly compounding
    214161
    • Public Sector Banks
    • Fixed deposit
    6.9%   &   Quarterly compounding
    214161
  • 34  Fixed Deposits
    1 Year Bank of Maharashtra
    Bank of Maharashtra
    6.5%
    Quarterly compounding
    213320
    • Public Sector Banks
    • Fixed deposit
    6.5%   &   Quarterly compounding
    213320
  • 34  Fixed Deposits
    1 Year Barclays Bank
    Barclays
    5.25%
    Quarterly compounding
    210709
    • Foreign Banks
    • Fixed deposit
    5.25%   &   Quarterly compounding
    210709
  • 34  Fixed Deposits
    1 Year Canara Bank
    Canara Bank
    6.5%
    Compound yearly
    213000
    • Public Sector Banks
    • Fixed deposit
    6.5%   &   Compound yearly
    213000
  • 34  Fixed Deposits
    1 Year CITI
    Citibank
    5.25%
    Quarterly compounding
    210709
    • Foreign Banks
    • Fixed deposit
    5.25%   &   Quarterly compounding
    210709
  • 34  Fixed Deposits
    1 Year Corporation Bank
    Corporation Bank
    6.6%
    Quarterly compounding
    213530
    • Public Sector Banks
    • Fixed deposit
    6.6%   &   Quarterly compounding
    213530
  • 34  Fixed Deposits
    1 Year Dena Bank
    Dena Bank
    6.8%
    Quarterly compounding
    213951
    • Indian Private Sector Banks
    • Fixed deposit
    6.8%   &   Quarterly compounding
    213951
  • 34  Fixed Deposits
    1 Year Dhanalakshmi Bank
    Dhanalakshmi Bank
    6.6%
    Quarterly compounding
    213530
    • Indian Private Sector Banks
    • Fixed deposit
    6.6%   &   Quarterly compounding
    213530
  • 34  Fixed Deposits
    1 Year Federal Bank
    Federal Bank
    6.7%
    Monthly compounding
    213819
    • Indian Private Sector Banks
    • Fixed deposit
    6.7%   &   Monthly compounding
    213819
  • 34  Fixed Deposits
    1 Year HSBC
    HSBC Bank
    5.0%
    Quarterly compounding
    210189
    • Foreign Banks
    • Fixed deposit
    5.0%   &   Quarterly compounding
    210189
  • 34  Fixed Deposits
    1 Year IDBI
    IDBI
    6.75%
    Monthly compounding
    213926
    • Public Sector Banks
    • Fixed deposit
    6.75%   &   Monthly compounding
    213926
  • 34  Fixed Deposits
    1 Year Indian Bank
    Indian Bank
    6.5%
    Quarterly compounding
    213320
    • Public Sector Banks
    • Fixed deposit
    6.5%   &   Quarterly compounding
    213320
  • 34  Fixed Deposits
    1 Year Indian Overseas Bank
    IOB
    6.75%
    Compound every 6 months
    213728
    • Public Sector Banks
    • Fixed deposit
    6.75%   &   Compound every 6 months
    213728
  • 34  Fixed Deposits
    1 Year IndusInd Bank
    IndusInd Bank
    6.85%
    Quarterly compounding
    214056
    • Indian Private Sector Banks
    • Fixed deposit
    6.85%   &   Quarterly compounding
    214056
  • 34  Fixed Deposits
    1 Year Jammu and Kashmir Bank
    Jammu Kashmir Bank
    6.75%
    Quarterly compounding
    213846
    • Indian Private Sector Banks
    • Fixed deposit
    6.75%   &   Quarterly compounding
    213846
  • 34  Fixed Deposits
    1 Year Oriental Bank
    Oriental Bank of Commerce
    7.0%
    Quarterly compounding
    214372
    • Public Sector Banks
    • Fixed deposit
    7.0%   &   Quarterly compounding
    214372
  • 34  Fixed Deposits
    1 Year Punjab and Sind Bank
    Punjab and Sind Bank
    6.8%
    Quarterly compounding
    213951
    • Public Sector Banks
    • Fixed deposit
    6.8%   &   Quarterly compounding
    213951
  • 34  Fixed Deposits
    1 Year Punjab National Bank
    Punjab National Bank
    6.75%
    Quarterly compounding
    213846
    • Public Sector Banks
    • Fixed deposit
    6.75%   &   Quarterly compounding
    213846
  • 34  Fixed Deposits
    1 Year South Indian Bank
    South Indian Bank
    6.75%
    Quarterly compounding
    213846
    • Indian Private Sector Banks
    • Fixed deposit
    6.75%   &   Quarterly compounding
    213846
  • 34  Fixed Deposits
    1 Year Standard Chartered Bank
    Standard Chartered Bank
    6.75%
    Quarterly compounding
    213846
    • Foreign Banks
    • Fixed deposit
    6.75%   &   Quarterly compounding
    213846
  • 34  Fixed Deposits
    1 Year State Bank of Travancore
    State Bank of Travancore
    6.9%
    Quarterly compounding
    214161
    • Public Sector Banks
    • Fixed deposit
    6.9%   &   Quarterly compounding
    214161
  • 34  Fixed Deposits
    1 Year United Bank of India
    United Bank
    6.25%
    Compound yearly
    212500
    • Public Sector Banks
    • Fixed deposit
    6.25%   &   Compound yearly
    212500
  • 34  Fixed Deposits
    1 Year Vijaya Bank
    Vijaya Bank
    6.5%
    Monthly compounding
    213394
    • Public Sector Banks
    • Fixed deposit
    6.5%   &   Monthly compounding
    213394
  • 34  Fixed Deposits
    1 Year India Post Office
    Post Office
    6.9%
    Quarterly compounding
    214161
    • NBFC
    • Fixed deposit
    6.9%   &   Quarterly compounding
    214161
  • 34  Fixed Deposits
    1 Year Saraswat Cooperative Bank
    Saraswat Bank
    6.5%
    Monthly compounding
    213394
    • Public Sector Banks
    • Fixed deposit
    6.5%   &   Monthly compounding
    213394
  • 34  Fixed Deposits
    1 Year PNB Housing Finance Limited
    Punjab National Bank
    7.25%
    Compound yearly
    214500
    • Housing Finance Company
    • Fixed deposit
    • CRISIL(FAAA)
    7.25%   &   Compound yearly
    214500
  • 34  Fixed Deposits
    1 Year Royal Bank of Scotland
    Royal Bank of Scotland
    4.0%
    Quarterly compounding
    208121
    • Foreign Banks
    • Fixed deposit
    4.0%   &   Quarterly compounding
    208121
  • 34  Fixed Deposits
    1 Year National Housing Bank
    National Housing Bank
    6.75%
    Quarterly compounding
    213846
    • Company
    • Fixed deposit
    • CRISIL(FAAA). FITCH(TAAA)
    6.75%   &   Quarterly compounding
    213846
  • 34  Fixed Deposits
    1 Year Gruh Finance Limited
    Gruh Finance
    7.5%
    Quarterly compounding
    215427
    • Housing Finance Company
    • Fixed deposit
    7.5%   &   Quarterly compounding
    215427
  • 34  Fixed Deposits
    1 Year Bharatiya Mahila Bank
    BHARATIYA MAHILA BANK
    7.0%
    Compound yearly
    214000
    • Public Sector Banks
    • Fixed deposit
    7.0%   &   Compound yearly
    214000
  • 34  Fixed Deposits
    Ad 1 Year Shriram Transport Finance Company Ltd
    Shriram Finance
    7.75%
    Monthly compounding
    214825
    • NBFC
    • Fixed deposit
    • CRISIL(FAA+). ICRA(MAA+)
    7.75%   &   Monthly compounding
    214825
  • 34  Fixed Deposits
    Ad 1 Year Shriram City Union Finance
    Shriram City
    7.95%
    Monthly compounding
    215222
    • NBFC
    • Fixed deposit
    7.95%   &   Monthly compounding
    215222

Corporation Bank offers a wide variety of fixed deposit schemes with attractive interest rates, additional interest for senior citizens, and flexible investment tenures. These FD schemes are open to Resident Indians and Non-Resident Indians as well. In 2019, Corporation Bank merged with Union Bank of India.

Domestic Term Deposits less than Rs.2 Cr

Period Interest Rate for Less than Rs.2 Cr
7 – 14 Days 3.00%
15 – 30 Days 3.00%
31 – 45 Days 3.00%
46 – 90 Days 3.75%
91 - 120 Days 4.25%
121 to 180 Days 4.30%
181 Days to less than 1 Year 4.50%
1 Year 5.25%
Less than 1 Year to 2 Years 5.30%
Less than 2 Year to 3 Years 5.50%
Less than 1 Year to 3 Years -
Less than 3 Years to 5 Years 5.55%
Less than 5 Years to 10 Years 5.60%

Corporation Bank NRE Fixed Deposit Rates

Maturity Period Interest Rate for Less than Rs.2 Cr
1 year 5.25%
Less than 1 Year to 2 Years 5.30%
Less than 2 Year to 3 Years 5.50%
Less than 1 Year to 3Years -
Less than 3 Years to 5 years 5.55%
Less than 5 Years to 10 Years 5.60%

Corporation Bank FCNR Fixed Deposit Rates

Period USD< 300,000 USD >= 300,000 GBP EUR JPY CAD AUD
1 year to 2 years 0.85 0.85 0.60 0.01 0.01 0.58 0.19
2 years <3 years 0.84 0.94 0.79 0.01 0.07 0.89 0.35
3 years <4 years 1.12 1.22 0.93 0.01 0.10 1.14 0.58
4 years <5 years 1.29 1.39 1.04 0.02 0.08 1.36 0.77
5 years 1.40 1.50 1.11 0.08 0.09 1.56 0.96

Features & Benefits of Corporation Bank Fixed Deposits

  • Any individual, club, society, trust, firm, partnerships, etc., can apply for a fixed deposit account with the bank.
  • The tenure of Corporation Bank FD starts from 7 days.
  • Minimum amount required to open a fixed deposit account is Rs.500 for semi-urban branches and for metro branches and port towns, minimum amount is Rs.1,000.
  • Interest can be compounded monthly, quarterly, half yearly or annually as needed by the account holder.
  • Interest amounting up to Rs.10,000 annually will be subjected to tax cut.

Eligibility criteria and Documents Required

  • Any Resident Individual - Single Accounts, two or more individuals in Joint Accounts
  • Illiterate Persons
  • Blind persons
  • Purdanasheen Ladies
  • Minors
  • Associations
  • Clubs
  • Societies
  • Trusts, Institutions/Agencies specifically permitted by the RBI eligible to open a ‘Fixed Deposit Receipt’ in single/joint names.

Types of Corporation Bank Fixed Deposit Schemes

  • Short Deposit Receipt
  • Fixed Deposit Receipt
  • Monthly Income Scheme
  • Cumulative Deposit Scheme
  • Money Flex Term Deposit
  • Easy Tax Saver Deposit Scheme
  • Motor Accident Claims Annuity Deposit (Macad)
  • Non-Callable Term Deposit Scheme

Nomination Facility on Corporation Bank Fixed Deposit

  • You can have only one nominee for a deposit account with the bank.
  • A person who is legally empowered to operate a minor's account can file a nomination on the minor's behalf.
  • Nomination facility is available for fixed deposits.
  • The nomination details can always be changed during the subsistence of the account relationship and you can fill up the form prescribed under the Banking Companies (Nomination) Rules 1985.
  • As a resident, you can nominate an NRI as a nominee but the repatriation of amount will be after the permission from RBI.
  • You can make nominate a person by filling up the form under the Banking Companies (Nomination) Rules 1985.

FAQs on Corporation Bank Fixed Deposit Interest Rates

  1. What is the highest fixed deposit interest rate for Corporation Bank?

    The highest interest rate for a fixed deposit with Corporation Bank is 5.6% for a period of 5 years to 10 years.

  2. What is the interest of 1 lakh in the Corporation Bank?

    Corporation Bank interest on the fixed deposit is based on the term of the fixed deposit for which the money has been deposited.

  3. Can a customer open a fixed deposit account online in Corporation Bank?

    Yes, you can always submit your application via the Corporation Bank website. Once you submit the application, a representative of the bank will contact you and help you with the process.

  4. In how many years fixed deposit will double in Corporation Bank?

    This depends on the type of deposit that you have and the interest rate.

  5. Is it possible to change the tenure of my existing fixed deposit account with Corporation Bank?

    No, you cannot change the tenure of your existing fixed deposit account with Corporation Bank.

  6. Does the bank provide higher FD rates to senior citizens?

    Yes, senior citizens get an interest rate higher of 0.5% on their fixed deposits with Corporation Bank.

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