This 102-year-old private sector bank revises fixed deposit interest rates

CSB Bank FD Rates

The bank will now give an interest rate of 3.00% on fixed deposits maturing in the next 7 days to 90 days, while CSB Bank is also offering an interest rate of 3.50% on fixed deposits maturing in the next 91 days to 179 days. A fresh interest rate of 4.25% will be offered on deposits maturing in 180 days to less than a year, and a new interest rate of 5.00% will be offered on deposits maturing in a year. CSB Bank will now offer an interest rate of 5.50% on deposits that mature in above 1 year to less than 400 days and deposits that mature in 400 days will now fetch an interest rate of 6.00% at CSB Bank. 

The bank will now pay an interest rate of 5.50% on fixed deposits maturing in 400 days or more but less than 555 days, while CSB Bank will now pay a maximum interest rate of 7% on deposits maturing in 555 days. Fixed deposits with maturities of more than 555 days to two years will now pay 5.50% interest, while those with maturities of more than two years to five years will now pay 5.75% interest. The bank will now provide fixed deposits maturing in excess of five years and up to ten years at an interest rate of 6.00%.

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For older individuals who are residents of India, CSB Bank offers Acharya Deposits, on which the bank provides a higher interest rate benefit. CSB Bank offers senior citizens interest rates ranging from 4.75% to 6.50% on deposits maturing in 180 days to 10 years. The bank will now provide elderly people with a maximum interest rate of 7% on Acharya Deposits maturing in 555 days.\

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