Catholic Syrian Bank FDR Rates.

INTEREST RATES ON DOMESTIC TERM DEPOSITS(% PER ANNUM)
(EFFECTIVE FROM 01-07-2020)
Deposit Tenor Below Rs 2 Crore Rs 2 Crore and above
7 days to 90 days 3.50% Daily Quotes
91 days to 179 days 4.50%
180 days to less than 1 year 5.00%
1 Year toless than15months 5.50%
15 months 5.75%
More than 15 monthsto and including 10 Years 5.50%

For the interest rate for single Domestic/NRO/NRE term deposits of Rs. 2 Crore and above, please contact the nearest branch

INTEREST RATE FOR ACHARYA DEPOSITS EFFECTIVE FROM 01-07-2020
Deposit Tenor Below Rs 2 Crore Rs 2 Crore and above
180 days to less than 1 year 5.50% 5.50%
1 Year toless than 15 months 6.00% 6.00%
15 months 6.25% 6.25%
More than 15 monthsto and including 10 Years 6.00% 6.00%

Effective from 01.01.2007, where term deposits (opened on or after 01.01.2007) are closed prematurely, the rate of interest payable shall be the one as applicable for the period for which the deposit actually remained with the bank, ruling on the date of the deposit, less 1% penalty.

ANNUALISED YIELD FOR DOMESTIC TERM DEPOSITS FROM 01/07/2020 (% PER ANNUM)
Period Deposits of less than Rs 200 lac
1 Year 5.61%
2 Years 5.77%
3 Years 5.94%
4 Years 6.11%
5 Years 6.28%
6 Years 6.46%
7 Years 6.65%
8 Years 6.85%
9 Years 7.06%
10 Years 7.27%
ANNUALISED YIELD FOR ACHARYA DEPOSITS FROM 01/07/2020 (% PER ANNUM)
Period Deposits of less than Rs 200 lac
1 Year 6.14%
2 Years 6.32%
3 Years 6.52%
4 Years 6.72%
5 Years 6.94%
6 Years 7.16%
7 Years 7.39%
8 Years 7.63%
9 Years 7.88%
10 Years 8.14%
INTEREST RATES ON DOMESTIC SAVINGS BANK DEPOSITS (W.E.F. 01/07/2020)
Slab End of the Day Balance Rates of Interest (p.a.)
1 Up to and including Rs 1lakh 1.90% below RBI’s Repo Rate
2 Up to and including Rs 50 lakh 1.90% below RBI’s Repo Ratefor amount upto Rs 1 lakh
1.15% below RBI’s Repo Ratefor the remaining balance (of above Rs 1 lakh)
3 Above Rs 50 lakhs 1.90% below RBI’s Repo Ratefor amount upto Rs 1 lakh
1.15% below RBI’s Repo Ratefor amount above Rs 1 lakh and upto Rs 50 lakh
0.15% below RBI’s Repo Ratefor the remaining balance (of above Rs 50 lakh)

*Current RBI Repo rate is 4.00%. “Repo Rate” is the rate at which the RBI lends money to banks. Interest Rates on Savings Bank Deposits, shall be re-set, based on the ruling repo rate as at the beginning of each quarter

Leave a Reply

Your email address will not be published. Required fields are marked *