This 102-year-old non-public sector financial institution revises fastened deposit rates of interest

The oldest non-public sector financial institution in Kerala, CSB Bank Limited, which was based in 1920 as The Catholic Syrian Bank Limited, has been in operation since November 1920. The rates of interest on fastened deposits beneath ₹2 Cr have been modified by this non-public sector financial institution with a 102-year existence. According to the financial institution’s official web site, the brand new rates of interest are efficient as of October 3, 2022. Following the revision, the financial institution now provides an rate of interest starting from 3.00% to six.00% on deposits maturing in 7 days to 10 years, however will solely give a most rate of interest of seven% on deposits that mature in 555 days.

CSB Bank FD Rates

The financial institution will now give an rate of interest of three.00% on fastened deposits maturing within the subsequent 7 days to 90 days, whereas CSB Bank can also be providing an rate of interest of three.50% on fastened deposits maturing within the subsequent 91 days to 179 days. A recent rate of interest of 4.25% will likely be provided on deposits maturing in 180 days to lower than a yr, and a brand new rate of interest of 5.00% will likely be provided on deposits maturing in a yr. CSB Bank will now provide an rate of interest of 5.50% on deposits that mature in above 1 yr to lower than 400 days and deposits that mature in 400 days will now fetch an rate of interest of 6.00% at CSB Bank. 

The financial institution will now pay an rate of interest of 5.50% on fastened deposits maturing in 400 days or extra however lower than 555 days, whereas CSB Bank will now pay a most rate of interest of seven% on deposits maturing in 555 days. Fixed deposits with maturities of greater than 555 days to 2 years will now pay 5.50% curiosity, whereas these with maturities of greater than two years to 5 years will now pay 5.75% curiosity. The financial institution will now present fastened deposits maturing in extra of 5 years and as much as ten years at an rate of interest of 6.00%.

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CSB Bank FD Rates (csb.co.in)

For older people who’re residents of India, CSB Bank provides Acharya Deposits, on which the financial institution offers a better rate of interest profit. CSB Bank provides senior residents rates of interest starting from 4.75% to six.50% on deposits maturing in 180 days to 10 years. The financial institution will now present aged folks with a most rate of interest of seven% on Acharya Deposits maturing in 555 days.

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CSB Bank FD Rates (csb.co.in)

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