Catholic Syrian Bank Limited (CSB) is the oldest private sector bank in Kerala at the moment which started its journey in November 1920. The bank offers to its customers a number of services and products through multiple delivery mediums such as ATMs, branches, internet and mobile banking. CSB Bank FD rates can be availed of at 3.00 to 7.35% per annum to regular investors on tenures that range from 7 days to 10 years and rates for senior citizens vary from 4.75 to 7.60% per annum to senior citizens on tenures ranging from 180 days to 10 years.
Benefits of CSB Bank FD Interest Rates
Some of the key features of CSB Bank FD rates are provided below:
- An investor can open an FD account with a minimum investment amount of Rs. 100.
- Tenure can be as short as 7 days and as long as 10 years.
- Nomination facility offered along with FD scheme.
- Monthly interest paid at discounted interest value and quarterly interest paid at full value.
CSB Bank FD Rates 2023 < 2 crore with effect from 22nd June 2023
Below is a table detailing CSB FD interest rates for domestic deposits of less than Rs.2 crores:
Tenor | Interest Rates (% p.a) |
7 to 90 days | 3.00 |
91 to 179 days | 3.50 |
180 days to less than 1 year | 4.25 |
1 year | 5.00 |
Above 1 year to less than 444 days | 5.50 |
444 days | 7.35 |
Above 444 days to 2 years | 5.50 |
Above 2 years to less than | 5.75 |
750 days | 7.10 |
Above 750 days to less than 890 days | 5.75 |
890 days to 910 days | 7.10 |
910 days to 5 years | 5.75 |
Above 5 years to 10 years | 6.00 |
5 years (Tax Saving) | 5.75 |
CSB Bank FD Rates 2023 for Resident Indian Senior Citizens effective from 22nd June 2023
Below is a table detailing CSB FD interest rates for Acharya deposits of less than 2 crores for Senior Citizens:
Tenor | Interest Rates (% p.a) |
180 days to less than 1 year | 4.75 |
1 year | 5.50 |
Above 1 year to less than 444 days | 6.00 |
444 days | 7.60 |
Above 444 days to 2 years | 6.00 |
Above 2 years to less than 750 days | 6.25 |
750 days | 7.10 |
Above 750 days to less than 890 days | 6.25 |
890 days to 910 days | 7.10 |
Above 910 days to 5 years | 6.25 |
Above 5 years to 10 years | 6.50 |
5 years (tax saving) | 6.25 |
CSB Bank FD Rates for NRO Deposits as effective from 22nd June 2023
The CSB FD interest rates are listed below:
Tenor | Interest Rates (%p.a) |
7 to 90 days | 3.00 |
91 to 179 days | 3.50 |
180 days to less than 1 year | 4.25 |
1 year | 5.00 |
Above 1 year to less than 444 days | 5.50 |
444 days | 7.35 |
Above 444 days to 2 years | 5.50 |
Above 2 years to less than 750 days | 5.75 |
750 days | 7.10 |
Above 750 to less than 890 days | 5.75 |
890 to 910 days | 7.10 |
Above 910 days to 5 years | 5.75 |
Above 5 years to 10 years | 6.00 |
CSB Bank FD Rates for NRE Deposits Effective from 22nd June 2023
The CSB NRE FD interest rates are given in the table below:
Tenor | Interest Rates (% p.a) |
1 year | 5.00 |
Above 1 year to less than 444 days | 5.50 |
444 days | 7.35 |
Above 444 days to 2 years | 5.50 |
Above 2 years to less than 750 days | 5.75 |
750 days | 7.10 |
Above 750 to less than 890 days | 5.75 |
890 to 910 days | 7.10 |
Above 910 days to 5 years | 5.75 |
Above 5 years to 10 years | 6.00 |
CSB FD Interest Rates on FCNR (B) Deposits effective from 13th January 2023
Maturity Period | Interest Rates (% p.a) | |||||
GBP | USD | CAD | YEN | AUD | EURO | |
12 months to less than 24 months | 1.50 | 5.50 | 1.14 | 0.70 | 1.09 | 0.17 |
24 months to less than 36 months | 1.86 | 5.00 | 2.20 | 0.70 | 1.57 | 0.36 |
36 months to less than 48 months | 1.98 | 5.00 | 2.42 | 0.69 | 1.93 | 0.51 |
48 months to less than 60 months | 1.99 | 4.00 | 2.48 | 0.70 | 2.20 | 0.61 |
60 months | 1.86 | 4.00 | 2.39 | 0.61 | 2.22 | 0.57 |
Catholic Syrian Bank is a safe banking option where you can invest in fixed deposits and reap substantial benefits upon maturity. The bank further offers different types of schemes to meet the varying needs of the diverse customer base. There are schemes like income scheme (general fixed deposit), Acharya deposits (60 years and above), family welfare accounts, CSB tax saving fund and more. For further information on how CSB FD rates affect your maturity amount check out the CSB FD interest calculator.
CSB FD rates can be availed of through fixed deposit products offered to several types of NRI customers such as NRO, NRE and FCNR (B) fixed deposits and domestic customers.
CSB bank provides a nomination facility along with an FD scheme which can be made in favour of a single person either individually or jointly. Nomination applications for minors will be rejected.
The minimum deposit amount is Rs. 5,000 for a tenure ranging from 6 to 10 months.
The CSB FD calculator is a free online tool that generates the maturity amount when you put in certain values such as the principal amount, interest rate and tenure. It gives an accurate estimation of your gains over a period of time.
If you break your FD investment prematurely, you will need to pay a penalty amount. Such penalties are in the range of 0.50% to 2% and vary from one bank to the other.