This Private Sector Bank Revises Interest Rates On FD & Savings Account
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CSB Bank FD Rates
CSB Bank offers multiple fixed deposit schemes to its customers and under the regular fixed deposit scheme the bank allows a minimum deposit amount of Rs 1000 up to Rs 2 Cr for a maturity period of 7 days to 10 years. The bank is currently offering the highest interest rate of 5.50 percent on domestic term deposits maturing in over 5 years up to and including 10 years. Check out the bank’s current fixed deposit interest rates for regular customers for a deposit amount of less than Rs 2 Cr.
| Deposit Tenor | Interest rates |
|---|---|
| 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 5 years | 5.25% |
| Over 5 years upto and including 10 Years | 5.50% |
| Source: Bank Website. With effect from 02-11-2021 |
CSB Bank Interest Rates On Acharya Deposits
CSB Bank provides the Acharya Deposit Scheme to elderly persons, which allows them to make a minimum deposit of Rs 5,000/- for a minimum period of 6 months to earn an additional 0.50 percent over the card rate. Senior citizens will now get the following interest rates on their Acharya deposits.
| Deposit Tenor | Below Rs 2 Crore | Rs 2 Crore and above |
|---|---|---|
| 180 days to less than 1 year | 4.75% | 4.75% |
| 1 year to less than 3 Years | 5.50% | 5.50% |
| 3 years to less than 5 years | 5.75% | 5.75% |
| Above 5 years to 10 years | 6.00% | 6.00% |
| Source: Bank Website. With effect from 02-11-2021 |
CSB Bank Savings Account Interest Rates
The bank has also revised its interest rates on savings bank deposits on 2nd November 2021 and now savings account holders will get the following interest rates on their end-of-the-day balance.
- On the end of the day balance of up to and including Rs 1 lakh, the bank offers an interest rate of 2.10%.
- On the end of the day balance of up to and including Rs 25 lakh, the bank offers 2.10% for amount upto Rs 1 lakh, 2.75% for amount above Rs 1 lakh & up to 25 lakh.
- On the end of the day balance of up to and including Rs 50 lakh, the bank offers 2.10% for amount upto Rs 1 lakh, 2.75% for amount above Rs 1 lakh & up to 25 lakh, 3.00% for amount above Rs. 25 lakh and up to Rs. 50 lakh.
- On the end of the day balance of above Rs 50 lakh, CSB Bank offers an interest rate of 2.10% for amount upto Rs 1 lakh, 2.75 % for amount above Rs 1 lakh & up to 25 lakh, 3.00% for amount above Rs. 25 lakh and up to Rs. 50 lakh, 3.50% for the remaining balance (of above Rs 50 Lakh).
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