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CSB Bank FD Interest Rates

Home Fixed Deposit CSB FD Rates

CSB Bank offers FD interest rates of 3.00-7.75% p.a. to regular citizens on tenures ranging from 7 days to 10 years and 4.75- 7.75% p.a. to senior citizens on tenures ranging from 180 days to 10 years. The interest rate on CSB Tax Saving FDs is 5.75% p.a. for the general public and 6.25% p.a. for senior citizen depositors for tenures of 5 years. The bank also offers various fixed deposit products for NRIs, such as NRE, NRO and FCNR (B) fixed deposits.

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Updated: 21-01-2025 09:29:26 AM
CSB Bank FD Interest Rates (p.a.) Highlights
Highest slab rate 8.00% (for 501 days)
For 1 year 5.00%
For 2 years 5.50%
For 3 years 5.75%
For 4 years 5.75%
For 5 years 5.75%

The interest rates are updated as of 21 January 2025

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CSB Bank FD Rates

FD Interest Rates on Domestic Deposits of less than Rs 3 crore w.e.f. 2 January 2025

Tenor Interest Rates (% p.a.)
7 days to 30 days 3.00
31 days to 60 days 4.50
61 days to 90 days 5.00
91 days to 179 days 5.55
180 days to 190 days 6.00
191 days 7.25
192 days to less than 1 year 4.25
1 year 5.00
Above 1 year to 500 days 5.50
501 days 8.00
Above 501 days to 2 years 5.50
Above 2 years to less than 750 days 5.75
750 days 7.10
Above 750 days to 5 years 5.75
Above 5 years to less than 7 years 6.00
7 years 7.00
Above 7 years to 10 years 6.00

CSB Tax Savings FD Rates w.e.f. 3 August 2024

Period  Interest Rates (% p.a.) 
General Senior Citizens
5 years 5.75 6.25
Above 5 years to less than 7 years 6.00 6.50
7 years 7.00 7.00
Above 7 years to 10 years 6.00 6.50

Note: The minimum lock-in period of CSB Tax Savings is 5 years

FD Interest Rates on Acharya Deposits of below Rs 2 crore (for Resident Indian Senior Citizens) w.e.f. 2 January 2025

Tenor Interest Rates (% p.a.)
180 days to 190 days 6.50
191 days 7.25
192 days to less than 1 year 4.75
1 year 5.50
Above 1 year to less than 500 days 6.00
501 days 8.00
Above 501 days to 2 years 6.00
Above 2 years to less than 750 days 6.25
750 days 7.10
Above 750 days to 5 years 6.25
Above 5 years to less than 7 years 6.50
7 years 7.00
Above 7 years to 10 years 6.50

FD Interest Rates on NRE Fixed Deposits w.e.f 2 January 2025

Tenor Interest Rates (% p.a.)
1 year 5.00
Above 1 year to less than 500 days 5.50
501 days 8.00
Above 501 days to 2 years 5.50
Above 2 years to less than 750 days 5.75
750 days 7.10
Above 750 days to 5 years 5.75
Above 5 years to less than 7 years 6.00
7 years 7.00
Above 7 years to 10 years 6.00

FD Interest Rates on NRO Fixed Deposits w.e.f. 2 January 2025

Tenor Interest Rates (% p.a.)
7 days to 30 days 3.00
31 days to 60 days 4.50
61 days to 90 days 5.00
91 days to 179 days 5.55
180 days to 190 days 6.00
191 days 7.25
192 days to less than 1 year 4.25
1 year 5.00
Above 1 year to 500 days 5.50
501 days 8.00
Above 501 days to 2 years 5.50
Above 2 years to less than 750 days 5.75
750 days to 5 years 7.10
Above 750 days to 5 years 5.75
Above 5 years to less than 7 years 6.00
7 years 7.00
Above 7 years to 10 years 6.00

Interest Rates on FCNR(B) deposits w.e.f. 4 November 2024

Maturity Period Interest Rates (% p.a.)
USD GBP EUR YEN CAD AUD
12 months to less than 24 months 6.20 5.50 3.75 0.70 1.14 1.09
24 months to less than 36 months 5.00 1.86 0.36 0.70 2.20 1.57
36 months to less than 48 months 5.00 1.98 0.51 0.69 2.42 1.93
48 months to less than 60 months 4.00 1.99 0.61 0.70 2.48 2.20
60 months 4.00 1.86 0.57 0.61 2.39 2.22

Types of CSB FD Schemes

General Fixed Deposit (Income Scheme)

  • Minimum deposit amount: Rs 100
  • Tenor: 7 days to 10 years
  • Monthly and quarterly interest payout options are available. In the case of the monthly interest pay-out option, the interest is paid monthly at a discounted rate over the standard fixed deposit rate
  • Nomination facility is available

Acharya Deposits

  • This scheme is offered to resident Indian senior citizens of 60 years and above
  • Minimum deposit amount: Rs 5,000
  • Tenor – 6 months to 10 months
  • Senior citizens can also open a joint account

CSB Tax Saving FD

  • Deposits are eligible for a tax deduction of up to Rs 1.5 lakhs under Section 80C in each financial year
  • Deposit amount: Minimum- Rs 100 or multiples thereof; Maximum- Rs 1.5 lakhs in a financial year
  • Tenure: 5 years
  • Depositors can opt for any of the following schemes under Tax Saver FD:
    • “CSB Tax Savings Support” – Income (Ordinary Fixed)
    • “CSB Tax Savings Support” – Growth (Re-investment)
  • Nomination facility is available
  • Depositors have the option of receiving interest payouts monthly (at a discounted rate), quarterly, or at maturity.
  • Premature withdrawal of deposits is not allowed

Family Welfare Account (Non-Callable Scheme)

  • This scheme allows reinvestment of the interest component to the deposit amount and thereby, helps in deriving the power of compounding
  • Minimum deposit amount: Rs 100
  • Tenor: 6 months to 10 years
  • Nomination facility is available

 

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