The Corporation Bank offers decent and almost constant FD interest rate of 6.50 percent for a period of 1-5 years with an additional .50 percent for senior citizens for deposits above 90 days (which is not true in all the cases since there is no benefit for them between 1-5 Crore investment or when period is less or both).
To avail the extra interest rates, the seniors must invest for at least 3 months but still check on other constraints(like amount) if applicable. The Fixed deposit interest rates for Corporation Bank are quite low for any period between 0-6 months but gradually increase up to 6.00 percent if the investment is for more than six months.
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They reach a maximum of — percent (— for seniors) under a special ‘555’ days investment scheme. If you are planning an investment for the 1-2 year, then this 555 days plan would provide you with the best FD rates to go for without giving a second thought. Below interest rates are effective from 11 December 2018.
Corporation Bank Fixed deposit interest rates Feb 2019 (Domestic/NRO):
| TIME PERIOD | BELOW ONE CRORE | |
|---|---|---|
| Interest Rate (% per Annum) |
Senior Citizen Rates (% per Annum) |
|
| 7 Days to 14 Days | 4.50% | 5.00% |
| 15 Days to 30 Days | 4,50% | 5.00% |
| 31 Days to 45 Days | 4.50% | 5.00% |
| 46 Days to 60 Days | 5.50% | 6.00% |
| 61 Days to 90 Days | 5.50% | 6.00% |
| 91 Days to 180 Days | 6.00% | 6.50% |
| 181 Days to 270 days | 6.35% | 6.85% |
| 271 Days to 1 year | 6.35% | 6.85% |
| 1 Year to 2 Years | 6.80% | 7.30% |
| 2 Years to 3 Years | 6.50% | 7.00% |
| 3 Years to 5 Years | 6.50% | 7.00% |
| 5 Years to 10 Years | 6.50% | 7.00% |
| Above 10 Years | 6.50% | 7.00% |
Corporation Bank provides good interest rates for above one year fixed deposits.
Corporation Bank NRE Fixed Deposit Interest Rates Feb 2019:
| Maturity range | Below 1 crore | 1-10 crores | 10-50 crore |
|---|---|---|---|
| 1 Year to 2 Years | 6..80% | 6.50% | 5.25% |
| 2 Years to 3 Years | 6.50% | 6.50% | 5.25% |
| Above 3 Years | 6.50% | 6.50% | 5.25% |
Updated: 2 February 2019
Important notes:
- 1% penalty will be charged for closing deposits before maturity period and no interest will be paid for closing deposits before 7 days.
- Deposits of senior citizens & staff’s opened under NRO and NRE scheme are not eligible for additional interest benefit.
- Contact branch to open fixed deposit account above 1 crore.
- No interest will be paid for closing deposits before maturity period in case of NRE deposits.
- 4% interest rate for all saving accounts.
Corporation Bank Fixed Deposit Calculator:
Calculate Maturity Value Now
To get full Corporation Bank interest rates details visit official website @http://www.corpbank.com/rates_deposit_rate
View Comments (9)
I want to know, if I deposit Rs 1 Lakh as fixed deposit for 2 or 3 years, then what is the interest for 1 year ? please clear me sir..
Inquiry about fd interest on tax saving plans.
i want to know tax saving deposit scheme in corporation bank
I want to know if I put 1 lakh rupees FD in your bank how much interest amount I will get after 1 year?
I want to fd 100000 in your bank can u plz give me the interest details.
I want to know, if I deposit Rs 1 Lakh and above as fixed deposit for 2or3 years,then what is the monthly interest? please clear me sir..
I want to know if I put 1 lakh rupees FD in your bank how many amount will be get after 1 year.
can I transfer my accounts balance to FD & how much & sdaule the FD banifid. please give details to my email..
Please include children plans in your banks.