Catholic Syrian Bank FD Interest Rates

The Fixed Deposits products offered by Catholic Syrian Bank suit all savings goals. Their FD has options for a short-term investment with high liquidity as well as a long-term option for wealth creation. With minimum deposits starting as low as ₹1,000 and tenures ranging from 7 days to 10 years, you can personalize your FD to your needs. Catholic Syrian Bank FD interest rates yield attractive returns, with senior citizens enjoying even higher returns.

Catholic Syrian Bank FD Rates for (Below 2 Crores)

The table below outlines the Catholic Syrian Bank FD interest rates for different tenures applicable to domestic deposits below ₹2 crores.

Catholic Syrian Bank Domestic Tax Saving FD Rates

Catholic Syrian Bank lets you save on taxes with domestic FDs, offering deductions under Section 80C of the Income Tax Act, 1961. The CSB bank FD interest rate for the domestic Tax Saving scheme is given below:

CSB Acharya Term Deposits Rates (Senior Citizen)

Senior citizens enjoy a higher rate of interest with CSB Acharya Term deposits for amounts under ₹2 Crores. The table below shows interest rates along with their applicable tenures.

CSB Tax Saving Acharya Deposits Rates (Senior Citizen)

CSB offers tax-saving FD options even to senior citizens. The Tax Saving Acharya Deposit rate is given below.

Catholic Syrian Bank NRE FD Rates

Catholic Syrian Bank provides Non-Resident Indians with the chance to invest their savings through NRE, NRO, and FCNR deposits, catering to a variety of financial needs for NRIs.

Below you will find Catholic Syrian Bank NRE interest rates:

CSB NRO Term Deposits Interest Rates

The Catholic Syrian Bank NRO Term Deposit rates are displayed in the table below:

CSB NRO Tax Saving Deposits Rates

The following table shows the Catholic Syrian Bank NRO Tax Saving Deposit rate:

Catholic Syrian Bank FNCR FD Rates

FCNR accounts are available in USD, GBP, EUR, YEN, CAD, and AUD, each with different interest rates. For more details, check the bank's website.

Features & Benefits of Catholic Syrian Bank Fixed Deposit

Explore the features and benefits of the Catholic Syrian Bank FDs:

• Interest Payouts: Receive monthly interest at a discounted value or quarterly interest at the full value.
• Nomination Facility: CSB Bank offers a convenient nomination facility along with its FD scheme.
• Flexible Opening: Start your FD with as little as ₹1000, and choose a tenure as short as 7 days.
• Extended Tenure: You can opt for a maximum tenure of 10 years for your FD.

Catholic Syrian Bank FD Account Eligibility

To qualify for a Catholic Syrian Bank FD, you must meet any of the following criteria:

• Individuals, whether single or joint depositors are eligible to open a Catholic Syrian Bank FD.
• Hindu Undivided Families (HUFs) can also avail of the FD facilities.
• Minors are eligible to open FD accounts with Catholic Syrian Bank.
• Non-resident Indians (NRIs) can also take advantage of the FD options offered by the bank

Documents Required to Open Catholic Syrian Bank FD

To open a fixed deposit account with Catholic Syrian Bank, you will need the following documents:

• CSB Bank FD Form
• PAN Card
• Address Proof
• Aadhaar Card
• Passport-size photographs

Premature Closure of Catholic Syrian Bank Fixed Deposit

Fixed deposits usually have a set time before you can withdraw your money, but if you face a financial emergency, you can choose to take out your funds early. The Catholic Syrian Bank, upon your request, may permit this early withdrawal with a penalty, which they will disclose at the time of opening the deposit.

If you close your deposit early, the interest rate will be the rate on the date you deposited the money for the time it was in the bank, minus the penalty for taking it out early.

Types of Catholic Syrian Bank Fixed Deposits

The Catholic Syrian Bank FDs offer various schemes that cater to the different requirements of depositors. Some of them are:

General Fixed Deposit (Income Scheme)

To open a General Fixed Deposit (Income Scheme) account, you need a minimum of ₹1000. You can also open the account with odd sums. The deposit periods are flexible, starting from 7 days, and you can choose a term of up to 10 years. Interest is paid quarterly at the full value or monthly at the discounted value. Plus, there's a nomination facility available for added convenience.

Family Welfare Account

CSB's Family Welfare deposits are a smart choice for reinvesting your returns. With this option, your initial amount and the interest earned on it will continue to grow. To open an account, you need a minimum of ₹1000, and odd sums are also accepted. The deposits are accepted for a minimum period of six months, and you can choose a maximum term of up to 10 years. Notably, interest accrues on both the principal and the interest earned. Additionally, there is a convenient nomination facility available.

CSB Acharya Deposit

Consider investing in our Acharya Deposit Scheme and enjoy additional interest on your deposits. This scheme is specifically designed for all senior citizens aged 60 and above, excluding NRIs. To get started, you need a minimum deposit amount of Rs 5,000; the minimum deposit period is 6 months. If you prefer, joint accounts are also permitted for added flexibility. It's a simple and rewarding way for seniors to grow their savings.

CSB Tax Savings Support

The CSB Tax Saving deposits qualify for Section 80C tax deduction, allowing an exemption of up to ₹1,50,000. They can be opened individually or jointly by individuals or Hindu Undivided Families, with an investment starting from ₹100 and a maximum limit of ₹1,50,000 per financial year. The deposit period is fixed at five years, and interest can be received as a lump sum at maturity or periodically (quarterly/monthly at a discounted rate) upon request. Senior citizens enjoy additional fixed interest rates. Importantly, these deposits cannot be pledged for loans or used as security. The option for nomination is available.

Cumulative Deposit

The CSB Cumulative deposit is a great FD scheme for regular savers and systematic investors seeking guaranteed and risk-free returns. You can open the account with a monthly remittance of just ₹100 or multiples thereof, and odd sums are also accepted. The account can be opened for a minimum period of 6 months, in multiples of 3 months, and the maximum term for term deposits is 10 years. This option allows depositors to systematically build up a significant corpus over time in a reliable and organized manner.