The Catholic Syrian Bank has a pan-India presence with close to 450 branches and more than 200 ATMs spread through the country.
Catholic Syrian Bank fixed deposit rates are among the most competitive in the industry. The bank provides deposits under various schemes such as fixed deposits, tax saving deposits, Acharya deposits for senior citizens etc. The interest rates given in the table above are indicative of the current rates offered rates by the bank. The table captures all rates on a real-time basis making it easy for users to compare and choose the best fixed deposit scheme the bank has to offer.
Catholic Syrian Bank short term FD rates
The short term deposit rates vary between 5.00% to 7.80% p.a. For the shortest brackets of 7 – 14 days and 15 – 29 days term deposits, the lowest interest of 5.00% is applicable, which increases sharply by 2 percentage points to 7.00% for the next deposit slab of 30 days to 90 days. Customers can avail the best rate of 7.80% for their short term deposits of 6 – 12 months tenure. The average yield from deposits in this slab is 8.77%, which is among the best short term rates in the fixed deposit segment.
Catholic Syrian Bank medium and long term FD rates
For longer duration fixed deposits exceeding tenure of 1 year, a uniform rate of interest of 8.50% p.a. is applicable. However, customers can also opt for the fixed tenure FD of 400 days, which gives the highest interest rate of 8.60% compared to all product offerings from Catholic Syrian Bank.
Customers can expect average yield between 8.77% and 10.46% on the medium and long term deposit slabs. For 400 days fixed slab, average yield is 8.92%.
Senior citizen FD rates
Senior citizens receive preferential rates on their fixed deposits. Senior citizen schemes fall under Acharya Deposit, with interest rates ranging from 8.30% to 9.10%. For the shortest slab of 180 days to 364 days, customers receive 8.30% rate of interest, which increases significantly to 9.00% for the next slab of 365 days to 399 days.
The highest interest rate of 9.10% is applicable on the 400 days fixed duration deposit scheme. Customers can expect a yield of 9.46% on this deposit scheme. For all tenures above 400 days and up to 5 years, a uniform interest rate of 9.00% is applicable, though the effective yield from these deposits ranges from 9.74% to 11.21%.
The Catholic Syrian Bank fixed deposit schemes are a good choice if high returns and reliability of the deposit are issues that concern you. Senior citizens arguably get the best interest rates on term deposits from this bank.
*All interest rates are given in per annum and are subject to change.
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