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    Corporation Kshemanidhi Cash Certificate  and 2 other FDs

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    5% - 7.10% Quarterly compounding
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    Response Time Within 30 minutes
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    Highlights
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    NRI - FD
    Up to ₹1Cr
    1 Year onwards
    6.65% - 6.75% Quarterly compounding
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    Response Time Within 30 minutes
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    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
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    Response Time Within 30 minutes
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    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
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    Response Time Within 30 minutes
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    Corporation Kshemanidhi Cash Certificate is Rated as "Excellent!" by 13 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

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    Check your Eligibility!

    Kshemanidhi Cash Certificates or KCCs as they are known, are designed to multiply the money of a depositor. This is a reinvestment term deposit scheme which aims to help the initial deposit grow quickly, thanks to a compound interest scheme. Flexible deposit periods ensure that one can make optimum use of their hard earned money to the best of its ability.

    Eligibility Criteria to avail Corporation Bank Kshemanidhi Cash Certificate

    The Kshemanidhi Cash Certificate scheme is open to the following people.

    • Individuals who wish to participate under their own name
    • Joint deposits can be maintained by two or more people, subject to them meeting certain basic requirements
    • This deposit can be opened in the name of a minor by his/her parents/guardians
    • KCC can be opened by associations, clubs, trusts, government offices, companies, etc.

    Features of Corporation Bank Kshemanidhi Cash Certificate

    Some of the major features of KCC are mentioned below.

    Account Type

    Both single and joint account can be maintained

    Amount

    In rural and semi urban branches

    Min – Rs 500/-

    Max - No upper limit

    In Urban and metro branches

    Min – Rs 1,000/-

    Max – No upper limit

    Rate of Interest

    The interest rate depends on the period for which a deposit is made, with Corporation Bank having the right to change it at any point

    Period

    Min – 6 months

    Max – 10 years

    TDS

    NA

    Loan against Kshemanidhi Cash Certificate

    Individuals can avail loans up to 90% of their deposit. In case of third person deposits, this amount is capped at 75% of the deposit amount

    Nomination

    Nomination facility available

    Auto Renewals

    NA

    Corporation Bank Kshemanidhi Cash Certificate interest rates

    Kshemanidhi Cash Certificates come with the promise of multiplying your money, offering attractive interest rates which are compounded every quarter. The interest rate for this deposit depends on the period for which a deposit is maintained, with higher interest rates offered for longer tenures in general. The interest rate is decided by Corporation Bank, with the bank having the power to change it at any time without prior intimation. Individuals should check with the bank to see the interest rate before they open an account.

    Corporation Bank Kshemanidhi Cash Certificate FAQs

    1. When will interest be credited to the account?

      The interest earned will be credited to the account half-yearly.

    2. Are premature withdrawals permitted under this scheme?

      Yes, premature withdrawal facilities are available, subject to the person meeting certain criteria set by Corporation Bank.

    3. When will the interest be paid?

      The interest, along with the initial deposit will be paid on maturity.

    4. Can senior citizens earn higher interest on their deposits?

      Corporation Bank can choose to offer higher interest rates to senior citizens, at its sole discretion.

    5. Is this a tax saving fixed deposit?

      No, individuals who wish to opt for a cash saving fixed deposit can invest in a separate scheme, the Tax Saver Kshemanidhi Cash Certificate.

    Useful Information on Corporation Bank Fixed Deposit

    Other Fixed Deposit Schemes Offered by Corp Bank

    Special FD Schemes

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    • Corporation Kshemanidhi Cash Certificate Reviews

    Write a Review
    • Corporation Bank Fixed Deposit
      "Excellent"
      0.5 3.5/5 "Pretty good"
      I had the fixed deposit account with the Corporation bank and the interest rate was around 11%. Customer service was good and they are having the online application to track my account. Responsiveness is good with the corporation bank.
      Was this review helpful? 12

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      , mysore
      Reviewed on Feb 01, 2016
    • Corporation Bank Fixed Deposit
      "pretty good offer"
      0.5 4.0/5 "Great!"
      Interest rate offered for fixed deposit is 9% from corporation bank i have taken for three years tenure. They have the activation charges which is minimum. Depends upon the tenure they fix the amount but the minimum amount is Rs.10,000 appropriately. It is pretty good offer.
      Was this review helpful? 9

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      , bangalore
      Reviewed on Nov 02, 2015
    • Corporation Bank Fixed Deposit
      "Feedback"
      0.5 4.0/5 "Great!"
      Corportion bank FD was good. I have been holding this FD for more than 8 years it was basically a long term plan . Interest rate offered by them was good and there was no processing fee here. As my mom is working there she advised me to invest here.
      Was this review helpful? 4

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      , bangalore
      Reviewed on Oct 31, 2015
    • Corporation Bank Fixed Deposit
      "No great feature as similar to other banks..."
      0.5 4.0/5 "Great!"
      Benefits of Fixed Deposit are quite similar to other bank. Interest rate differs depending on tenure period that customer select. The interest rate normally ranges between 7 to 9%. Partial amount cannot be dropped in midst of the tenure but we can pre close that where Corporation bank provides interest for that particular period.
      Was this review helpful? 2

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      , new delhi
      Reviewed on Sep 26, 2015
    • Corporation Bank Fixed Deposit
      "Good "
      0.5 3.0/5 "Satisfactory"
      I am having the fixed deposit account with the Corporation Bank. The minimum lock in period is around 3 years and the rate of interest is around 8% per annum. Services are good with them. They are not responsiveness towards the customers. I would like to suggest they should improve the response towards the customers.
      Was this review helpful? 4

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      , bangalore
      Reviewed on Sep 10, 2015
    • Corporation Bank Fixed Deposit
      "Good services"
      0.5 4.0/5 "Great!"
      I also have a fixed deposit with Corporation bank. The services are good from them. I have not faced any issues yet. I am happy with the rate of interest given by the bank. They offer a interest rate of 8%. It has only been a year with them for this fixed deposit. They do no charge for this account. Not sure if there would be a penalty fee if I closed my account before the maturity period.
      Was this review helpful? 1

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      , vijayawada
      Reviewed on Sep 08, 2015
    • Corporation Bank Fixed Deposit
      "Satisfactory"
      0.5 4.0/5 "Great!"
      Initially I had a salary account in Corporation bank. Later I opted for a fixed deposit around 3 years back. The rate of interest was 9.2% approx. I would say that the services are better. Being a government bank they provide good services. The lockin period is 7 years. There are no preclosure charges.
      Was this review helpful? 5

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      , ghaziabad
      Reviewed on Jan 18, 2015
    • Corporation Bank Fixed Deposit
      "Simple and Good Bank"
      0.5 4.5/5 "Excellent!"
      Processes are Simple for users and you can do lot of stuff online. Good Bank to bank upon. Nice fixed deposit interest rates. Have Branches at most of the places so its easy to reach them. Very friendly staff and helpful. Loan approvals are not that easy.
      Was this review helpful? 5

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      , bangalore
      Reviewed on Jan 16, 2015
    • Corporation Bank Fixed Deposit
      "Its good"
      0.5 5.0/5 "Blown Away!"
      Corporation bank has offered very good interest rate for Fixed deposit and there are no hidden charges. Basis my entire experience, really satisfied and appreciable customer service. Response is wonderful and getting proper follow up in terms of deposit.
      Was this review helpful? 3

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      , pune
      Reviewed on Dec 18, 2014
    • Corporation Bank Fixed Deposit
      "Good"
      0.5 3.5/5 "Pretty good"
      I did open fixed deposit in Corporation bank and it was good initially however it needs lots of improvement as the front office executives is not quite professional. The maturity amount is quite beneficial and it would be better if they could respond to all queries.
      Was this review helpful? 3

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      , bangalore
      Reviewed on Dec 12, 2014
    • Corporation Bank Fixed Deposit
      "Good"
      0.5 4.0/5 "Great!"
      The rate of interest is around 9% to 10%, which I feel to be high on Fixed deposit. Corporation bank is good in customer service and responsiveness is also good. Overall, I am glad about corporation bank as an existing customer for more than five years.
      Was this review helpful? 6

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      , delhi
      Reviewed on Oct 30, 2014
    • Corporation Bank Fixed Deposit
      "Excellent"
      0.5 4.0/5 "Great!"
      I am really satisfied with the payment option because payment option is flexible for me and I can do payment from 5,000 to 50,000 in the month. Recently I have availed Fixed deposit with Corporation bank and online features are good. The rate of interest on my Fixed deposit is 9% but according to me the rate offered to me is low while comparing to other banks. As corporation bank being a nationalized bank they could increase the rate of interest.
      Was this review helpful? 3

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      , bangalore
      Reviewed on Oct 17, 2014
    • Corporation Bank Fixed Deposit
      "Very good interest rate"
      0.5 5.0/5 "Blown Away!"
      I got a very good interest rate from Corporation bank, so opted for this fixed deposit. They do provide 13% interest rate which is impressive one. I get customer friendly services from them. I do cash deposits by visiting the branch where it gets done within few hours.
      Was this review helpful? 10

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      , bangalore
      Reviewed on Sep 16, 2014
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