Whoever said wishes don’t come true hasn’t explored our offers!

Corporation Bank Recurring Deposit Interest Rates 2019

 4.0 / 5.0   by 2 users
Used this product? Write a review >>

Fees & Charges

Promised Interest Rate

Customer Service

Responsiveness

Corporation bank offers you attractive interest rates when it comes to investing in recurring deposits. The lender offers you a rate of interest that ranges between 6.80% and 7% p.a. Senior citizens are offered an additional interest of 0.50% on all RD tenures provided by the bank.

Deposit Tenure Interest rate for General citizens (p.a.) Interest rate for senior citizens (p.a.)
12 months 6.80% 7.30%
12 months 1 day to 554 days 6.85% 7.35%
444 days only 6.70% 7.20%
445 day to 554 days 6.55% 7.05%
555 days only 6.90% 7.40%
556 days to 665 days 6.85% 7.35%
666 days 7% 7.50%
667 days to less than 36 months 6.50% 7%
36 months and above 6.50% 7%

The public-lender offer you two recurring deposit schemes. They are:

  • Regular RD scheme
  • Flexible RD scheme.

A Regular RD scheme can be opened for a period that ranges between 12 months to 120 months. The minimum amount of deposit is Rs.50 per month in rural and semi-urban branches while for other branches, the minimum deposit amount is Rs.100. An RD account under the regular scheme can be opened by:

  • An individual in his/her own name
  • Individuals in their joint names
  • Minors represented by their parents or guardians
  • Clubs, associations, HUFs, government departments, trusts, firms etc.

Under the Flexible RD scheme, the minimum deposit amount is Rs.500 per month. The tenure of the RD is fixed as three years. It can be opened by:

  • Societies, partnerships, HUFs, govt. departments etc.
  • An Individuals in his/her own name
  • Individuals in their joint names
  • Minors represented by their parents or guardians

Corporation Bank Short Term Recurring Deposit Interest Rates

A short-term recurring deposit account can be opened with Corporation bank for a period of 12 months. The rate of interest offered on the tenure by the lender is 6.80% p.a.

Corporation Bank Medium and Long Term Recurring Deposit Interest Rates

Medium term recurring deposits are those which are opened for a period that ranges between 12 months and less than 36 months. Corporation bank offers interest in the range of 6.50% to 7% p.a. for medium-term RDs. Any RD account opened for a period that is more than 36 months falls under the category of long-term RDs. The rate of interest offered to such deposits is 6.50% p.a.

Corporation Bank Senior Citizen Recurring Deposit Interest Rates

Senior Citizens who open an RD account with Corporation bank are offered an additional interest of 0.50% per annum for all tenures. Senior citizens are offered interest in the range of 7% to 7.40% p.a.

More you need to know about Recurring Deposit

Corporation Bank RD Schemes

Read More Articles On RD

News About Corporation Bank Recurring Deposit Interest Rates

  • Corporation Bank Updates RD Interest Rates

    Corporation Bank recently updated its recurring deposit interest rates under different deposit tenures. The RD schemes are available to regular citizens under NRO, capital gains and domestic deposits while for senior citizens, they are not available under these parameters. For a 1 year period, the interest rate for regular citizens stands at 7.40% and for senior citizens, it stands at 7.90%. The interest rates for a period between 1 and 3 years remains the same for both categories. For a deposit tenure of 3 years and above, the interest rates are 7.25% and 7.95% for regular and senior citizens respectively. For NRE accounts, the interest rates are 7.40% and 6.75% for amounts of less than 1 crore and more than 1 crore respectively. The period for which these NRE interests hold applicable are between 1 and 3 years. For a period of more than 3 years, the NRE RD rate for less than one crore stands at 7.25% and for amounts more than 1 crore, the interest rate stands at 6.75%.

    2 September 2016

  • Corporation Bank Revised Recurring Deposit Rates

    The recurring deposit schemes have turn out extremely good returns in the last few years in comparison to other investments. Corporation Bank offers attractive benefits on their RD schemes. For deposits of less than Rs.1 crore, interest rates are 7.50% p.a. for deposits of less than 3 years. The interest rate offered on deposits above 3 years is 7.25% p.a. For senior citizens, there is a bonus rate of 0.50% p.a. Granted on the deposits above the regular interest rate. For deposits that have a tenure of less than 3 years, the interest rate senior citizens earn is 8% p.a. For deposits above 3 years, 7.75% p.a. is granted. NREs earn the same as regular RDs at the rate of 7.50% p.a. for deposits of less than Rs.1 crore with tenures below 3 years. 7.25% p.a. is offered on deposits above 3 years. For NRE RDs that exceed Rs.1 crore, the interest rate is 6.75% p.a. regardless of the tenure.

    1 July 2016

  • Corporation Bank Revises the Interest Rates for Recurring Deposit Schemes

    Corporation Bank Recurring Deposit Schemes are one of the most preferred investment schemes amongst Indians mainly because of the features and high interest rates that it offered. Recently, Corporation Bank has changes the rate of interest for some recurring deposit tenures and senior citizen recurring deposit schemes. For regular recurring deposits less than Rs. 1 crore, the interest rate has been changed to 7.5% per annum for tenures of 1 years and 2 years & above from the previous interest rate of 7.25%. For a period of above one year to up to 2 years, the interest rate has been changed to 7.65% from 7.25%. For senior citizens who are depositing an amount less than Rs. 1 crore, the interest rate has been changed to 8% for tenures of 1 years and 2 years & above from an interest of 7.75% which was being offered previously. For a period of above one year to up to 2 years, the rate of interest has been changed from 7.75% to 8.15% per annum.

    For NRE investors depositing an amount less than Rs. 1 crore, the rate of interest has been changed to 7.5% from 7.25% per annum for all tenures. For NRE investors depositing an amount of more than Rs. 1 crore, the interest rate remains the same at 7.25% across all tenures.

    24 March 2016

Recurring Deposit - Sitemap

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

Corporation Bank RD Rates Reviews

Page 1 of 1
  • Corporation Bank Recurring Deposit
    "going good"
    CORPORATION BANK
    0.5 4.0/5 "Great!"
    Inspite of having a savings account with cooperation bank I have a recurring deposit with them too. The lock period is for 5 years and I am making rupees 1000 as monthly payment. The offered interest rate of 8-9% is better and my RD is going good in the bank.
    Was this review helpful? 13
    , ghaziabad
    Reviewed on Apr 27, 2016
  • Corporation Bank
    Corporation Bank Recurring Deposit
    "Service feedback "
    CORPORATION BANK
    0.5 4.0/5 "Great!"
    Corporation account RD is fine. This was opened through the branch. Interest rate offered by them was one and the same expect for minor difference. Incase if I am planning to break the deposit I have to visit the branch for the same as I dont have an Internet banking access for the same.
    Was this review helpful? 7
    , bangalore
    Reviewed on Oct 05, 2015
Common Loader Icon
Page 1 of 1
reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.