Catholic Syrian Bank FD Interest Rates

Catholic Syrian Bank FD Interest Rates 2022

Tenure Interest Rate for Below Rs. 2 crore
7 days to 90 days 3.00%
91 days to 179 days 3.50%
180 days to less than 1 year 4.25%
1 Year to less than 3 Years 5.00%
3 Years to less than 1100 days 5.25%
1100 days 5.50%
1101 days up to and including 5 Years 5.25%
Over 5 years up to and including 10 Years 5.75%

Catholic Syrian Bank Tax Saving FD scheme

  • The deposits made with CSB are eligible for tax deductions under Section 80C of the Income Tax Act. The tax-saving fixed deposit scheme by CSB is called ‘CSB Tax Savings Support’.
  • The minimum amount invested should be Rs.100 to a maximum of Rs.1.5 lakh per financial year.
  • The period of deposit is 5 years.
  • The applicable rate of interest is same as the interest rate for domestic term deposits given by the bank.
  • The senior citizens will get benefit of additional interest rate.
  • The tax benefit on this scheme will be as per the 80C IT Act.

Catholic Syrian Bank NRI FD Rates

The Interest Rate for Catholic Syrian Bank NRE FD are as follows (w.e.f. 10 October 2021)

Tenure Interest Rate for Below Rs. 2 crore
1 Year to less than 3 Years 5.00%
3 Years to less than 1100 days 5.25%
1100 days 5.50%
1101 days up to and including 5 Years 5.25%
Over 5 years up to and including 10 Years 5.75%

The Interest Rate for Catholic Syrian Bank NRO FD are as follows (w.e.f. 10 October 2021)

Tenure Interest Rate for Below Rs. 2 crore Interest Rate for Rs. 2 crore and above
7 days to 90 days 3.00% 3.00%
91 days to 179 days 3.50% 3.50%
180 days to less than 1 year 4.25% 4.50%
1 Year to less than 3 Years 5.00% 5.00%
3 Years to less than 1100 days 5.25% 5.00%
1100 days 5.50% 5.00%
1101 days up to and including 5 Years 5.25% 5.00%
Over 5 years up to and including 10 Years 5.75% 5.00%

The Interest Rate for Catholic Syrian Bank FCNR (B) FD are as follows (w.e.f. 10 October 2021)

Maturity Period USD GBP EUR YEN CAD AUD
12 months to less than 24 months 0.82% 0.88% 0.14% 0.63% 1.23% 0.75%
24 months to less than 36 months 0.96% 1.13% 0.17% 0.66% 1.46% 0.90%
36 months to less than 48 months 1.19% 1.23% 0.21% 0.65% 1.68% 1.10%
48 months to less than 60 months 1.37% 1.29% 0.26% 0.65% 1.84% 1.30%
60 months only 1.52% 1.24% 0.21% 0.55% 1.84% 1.37%
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