Corporation Bank FD Interest Rates

Corporation Bank Fixed Deposit Interest Rates 2022

Interest Rates For Term Deposits

 

Tenure Regular Citizens Senior Citizens
(for deposits below Rs. 2 crores) (for deposits below Rs. 1 crore)
7 to 14 days 3.00% 3.50%
15 to 30 days 3.00% 3.50%
31 to 45 days 3.00% 3.50%
46 to 90 days 3.75% 4.25%
91 to 120 days 4.25% 4.75%
121 to 180 days 4.30% 4.85%
181 days to less than 1 year 4.50% 5.00%
1 year 5.25% 5.75%
>1 Year to 2 Years 5.30% 5.80%
>2 Year to 3 Years 5.50% 6.00%
>3 Years to 5 Years 5.55% 6.05%
>5 Years to 10 Years 5.55% 6.05%

Note: The aforementioned rates are effective from 15th December 2020. Rates applicable to fresh deposits and for renewal of old FDs. 1% penalty for premature withdrawal charged. No interest paid if FD is prematurely closed before 7 days from the date of commencement.

Interest Rates For NRE Deposits
TenureRate of Interest (p.a.) for deposits below Rs. 2 crore
1 year5.25%
>1 Year to 2 Years5.30%
>2 Year to 3 Years5.50%
>3 Years to 5 years5.55%
> 5 Years to 10 Years5.60%

Note: The stated Corporation Bank fixed deposit rates are applicable from 15th December 2020; can change anytime without prior notice. No additional interest to senior citizens.

Interest Rates For FCNR (B) Deposits
TenureRate of Interest (p.a.)
USDGBPEUR
< Rs. 3 lakh>= Rs. 3 lakh
1 year to less than 2 years0.880.880.570.01
2 years to less than 3 years0.800.900.740.01
3 years to less than 4 years1.051.150.900.01
4 years to less than 5 years1.241.341.040.01
5 years1.421.521.140.07

Note: Above mentioned rates applicable w.e.f. 1st May 2021. The minimum deposit amount should be USD/AUD/ERU/CAN/GBP 1000 to open an FDCR account.

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