Corporation Bank Fixed Deposit Interest Rates

Corporation Bank FD Rates: The Corporation Bank is one of the leading public sector banks in India. It is having its head quarters in Mangalore. It was founded in 12th March, 1906. Corporation Bank is a significant contributor to the growth of the country's economy. 

The Corporation Bank was nationalized in 1980. In 1997, it became the Second Public Sector Bank in the country to enter capital market. It offers good FD schemes with excellent interest rates The Corporation Bank offers credit - Cash Management Services, Gold Banking, m-Commerce, "Online" approvals for Educational loans, and more recently it is doing efforts to take the technology to the rural masses in remotest villages through low-cost branchless banking - Business Correspondent model. 

The bank has pan-India presence with 8,000 functional units comprising 2,012 branches, 2,186 ATMs and 4,000 branchless banking unitsThe money in the banks is supposed to be a safe and secure. It is having more number of employees and wide network across the globe. It is growing rapidly in the past few years. It is very well known bank for its excellent services over the years in various aspects. 

The Corporation Bank serves customers with passion to excel in banking by maintaining highest standards of service to its customers. The Corporation Bank has many reasons to cheer; predominant of them is, being able to participate in nation building by empowering the rural and urban population alike. The applicable interest rates will be given as on the date or time of receipt of the funds by the bank. The interest rate will be more for Long term fixed deposits. The interest rates are subject to change from the time to time. The senior citizens will be given more interest rates.

Corporation Bank FD Interest Rates Given Below:


Corporation Bank Fixed Deposit Interest Rates (Domestic/NRO):
Corporation Bank Fixed Deposit Interest Rates for Domestic and NRO
NRE Fixed Deposit Interest Rates:

NRE Fixed Deposit Interest Rates

The tax at source is deducted as per the Income Tax regulations prevalent from time to time. The interest rates will be given more for the Senior citizens. The depositors will have to pay 1% penalty for closing deposits before maturity period and no interest will be paid for closing deposits before 7 days.

The Interest Rates Below One Crore:

Corporation bank gives 5.5 to 6 % interest rate for fixed deposit of 7 to 30 Days, 6 to 7 % interest rates for fixed deposit of 30 to 180 Days, 7 % interest rate for 180 days to 1 year, 7 to 7.25 % interest Rate For 1 Year to 3 Years. 7.25 % interest rate for 3 years to 10 years.

The Interest Rates Above One Crore:

Corporation bank gives 5.5 to 6 % interest rate for fixed deposit of 7 to 30 Days, 6 to 7.5 % interest rates for fixed deposit of 30 to 180 Days, 7.5 % interest rate for 180 days to 1 year, 7.5 to 7.75 % interest Rate For 1 Year to 3 Years. 7.75 % interest rate for 3 years to 10 years.

For more details: http://www.corpbank.com/rates_deposit_rate
Corporation Bank Fixed Deposit Interest Rates Corporation Bank Fixed Deposit Interest Rates Reviewed by amara sangati for Rating: 5