When it comes to public sector banking, Corporation bank is one of the renowned names. They are providing their customers with the benefit of fixed deposits of varying tenures and FD interest rates. However, best fixed deposit rates can change with time in accordance to the liquidity requirements of the bank and market conditions, which make it difficult to monitor the changes when investing in the products. Thus, knowing the FD rates and term deposit rates of the bank is important. At loanbaba.com, you will get details about recent Corporation Bank FD rates.
|Maturity Band||Less than Rs.1 Crore(applicable for domestic, NRO and Capital Gains deposits) %|
|7 to 14 days||5|
|15 to 45 days||5|
|46 Days to 2 Months||5.75|
|2 Months to 3 Months||5.75|
|3 Months to 4 Months||6.25|
|4 Months to 6 Months||6.25|
|6 Months to 9 Months||6.35|
|9 Months to less than 1 year||6.35|
|1 year to less than 3 years||6.6|
|3 years & Above||6.5|
It starts with 5.5% for tenure of 30 days and is best suitable for those who require near-term liquidity. Moreover, for the tenures of two and three month term deposit, the returns can be increased to 6.5% and similarly, for the tenure of six and nine months, it can be further increased to 7.25%.
For the tenure between one to three years, the best fixed deposit rates start from 7.75%. However, there has been a sudden decrease of 0.25% in the returns for the tenure of three to five years and is currently 7.50%.
All the rates are same for the senior citizens as well.
Kindly Note: The interest rates mentioned which is compounded quarterly, is on a yearly basis.