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    Corporation Kshemanidhi Cash Certificate

    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


    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


    Min – 6 months

    Max – 10 years



    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 facility available

    Auto Renewals


    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

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