Catholic Syrian Bank RD Rates 2025 – Best Tenures & Returns
Opening an RD account with CSB Bank offers several advantages to savers seeking consistent and secure returns. One of the key benefits is the assured interest rate, which remains fixed throughout the tenure, shielding the depositor from market fluctuations.
Table of Contents
There are numerous recurring deposit features in the Catholic Syrian Bank. When compared to fixed deposits, recurring deposits offer higher interest rates. These interest rates are determined by factors including interest rates, the size of recurring deposits, and tenure periods.
Catholic Syrian Bank gives you the chance to accumulate capital through consistent monthly deposits of a set amount over time. It provides you with a range of recurring deposit options with deposit terms ranging from 12 months to 120 months.
The maximum deposit amount for a recurring deposit has no upper limit. When opening your recurring deposit account, you must provide instructions on how to handle maturity proceeds. Up to 90% of the deposited amount may be borrowed or used as an overdraft (OD) facility.
The interest rate for recurring deposits is the same as that for term deposits. The rate that applies to all senior citizens who are 60 years of age or older will be 0.5% higher than the rate that applies to all other customers.
If you make less money, investing in Catholic Syrian Bank is a great choice as it helps you save money. The advantage of recurring deposits is that, even if future recurring deposit interest rates are lower, you will always receive the same interest rate for the duration of the recurring deposit.
Benefits of Catholic Syrian Bank Recurring Deposits
Premature withdrawals, the cap facility, and many other features are just a few of the special features
Availability of Loan/overdraft facility Cap facility is available Availability of nomination 95% loan benefit
- You can withdraw prematurely
- Special interest rates for senior citizens
Types of Recurring Deposit Schemes at Catholic Syrian Bank
You can choose from a wide variety of recurring deposit plans at the Catholic Syrian Bank. Among them are:
- Regular recurring deposit scheme - You can receive interest rates for recurring deposits at the same tenure time.
- Senior citizen recurring deposit scheme - You can find a variety of high-interest returns in a senior citizen recurring deposit plan. This ongoing deposit is only for those who are 60 years or older.
- Tax saving recurring deposit scheme - Compared to other recurring deposit schemes, the tax saving recurring deposit scheme offers some tax advantages. These tax benefits are available to customers who have a steady source of income.
Taxability of Interest Earned - Based on the account holder's tax bracket, interest earned is taxable, and as a result, tax on interest earned must be paid.
Applicability of TDS - On the total interest earned up to Rs.10,000, there will be no TDS on interest earned from a recurring deposit. 10% TDS is taken whenever the total interest earned in a fiscal year exceeds Rs.10,000. Any additional TDS that was made may be refunded at your discretion. TDS at the rate of 20% is applied if you don't have a valid PAN or if you don't give the bank or post office your PAN information.
If the person who holds the RD account does not have taxable income, they can avoid TDS by submitting Form 15G or Form 15H to the bank or post office where the RD account was opened. Form 15H is similar to Form 15G but can only be used by those who are 60 years of age and older, whereas Form 15G is used by those who are under the age of 60 (senior citizens).
Catholic Syrian Bank RD Interest Rates
Tenure | Interest rates |
Year 1 | 5.00% |
Year 2 | 5.50% |
Year 3 | 5.75% |
Year 4 | 5.75% |
Year 5 | 5.75% |
FAQs on Catholic Syrian Bank Recurring Deposit
- What is the interest rate for more than a year?
The interest rate for more than a year can go up to 5.75% for a recurring deposit in Catholic Syrian Bank.
- What is the interest rate for one year for Catholic Syrian Bank?
The interest rate for one year is 5.00% for a recurring deposit in Catholic Syrian Bank.
- What % loan benefit against an RD is available at Catholic Syrian Bank?
You can get up to 95% loan benefit against an RD at Catholic Syrian Bank
- Can I withdraw my money before the tenure ends from an RD in Catholic Syrian Bank?
Yes, you can prematurely withdraw money from your RD account in Catholic Syrian Bank.
- Is it possible to take a loan on my RD at Catholic Syrian Bank?
Yes, you can apply for a loan on your RD at Catholic Syrian Bank.
- Is TDS deducted for interest earned on a recurring deposit at Catholic Syrian Bank?
Yes, TDS is deducted if the interest earned from a recurring deposit is more than Rs.10,000.
- How many types of recurring deposit schemes are available in Catholic Syrian Bank?
There are 3 types of recurring deposit schemes you can invest in at Catholic Syrian Bank. They are regular recurring deposit, tax saving recurring deposit, and senior citizens recurring deposit.
- Does Catholic Syrian Bank offer higher interest rates for senior citizens?
Yes, senior citizens enjoy higher interest rates for their recurring deposits with Catholic Syrian Bank
- Is cap facility available at Catholic Syrian Bank?
Yes, there is cap facility available at Catholic Syrian Bank.
- Is there an auto-renewal facility available for RD accounts with Catholic Syrian Bank?
No, there is no auto-renewal facility for recurring deposits at Catholic Syrian Bank.
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.