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Corporation Bank

Fixed Deposit Rates

You are requested to reconfirm the rates from the respective banks before making any financial commitments.

a) For domestic deposits - Less than Rs. 1 crore (last revised on May 22, 2013)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Less than Rs. 1 crore

6.00

N.A

Calculate
15 days to 30 days Less than Rs. 1 crore

6.50

N.A

Calculate
31 days to less than 45 days Less than Rs. 1 crore

7.00

N.A

Calculate
46 days to less than 89 day Less than Rs. 1 crore

7.50

N.A

Calculate
90 days to less than 179 day Less than Rs. 1 crore

8.00

N.A

Calculate
91 days to less than 179 day Less than Rs. 1 crore

N.A

8.50

Calculate
180 days to less than 269 days Less than Rs. 1 crore

8.25

8.75

Calculate
270 days to less than 363 days Less than Rs. 1 crore

8.50

9.00

Calculate
364 days Less than Rs. 1 crore

9.00

9.50

Calculate
12 month Less than Rs. 1 crore

N.A

9.50

Calculate
12 months Less than Rs. 1 crore

9.00

N.A

Calculate
above 12 months to less than 2 Years Less than Rs. 1 crore

9.00

9.50

Calculate
2 years to less than 5 Years Less than Rs. 1 crore

9.00

9.50

Calculate
5 years and Above Less than Rs. 1 crore

8.75

9.25

Calculate

b) For domestic deposits - Rs. 1 cr to Rs. 5 cr (last revised on May 22, 2013)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 14 days Rs. 1 cr to Rs. 5 cr

6.00

N.A

Calculate
15 days to 30 days Rs. 1 cr to Rs. 5 cr

6.50

N.A

Calculate
31 days to less than 45 days Rs. 1 cr to Rs. 5 cr

7.00

N.A

Calculate
46 days to less than 89 day Rs. 1 cr to Rs. 5 cr

7.50

N.A

Calculate
90 days to less than 179 day Rs. 1 cr to Rs. 5 cr

8.00

N.A

Calculate
180 days to less than 269 days Rs. 1 cr to Rs. 5 cr

8.25

N.A

Calculate
270 days to less than 363 days Rs. 1 cr to Rs. 5 cr

8.50

N.A

Calculate
364 days Rs. 1 cr to Rs. 5 cr

9.00

N.A

Calculate
12 months Rs. 1 cr to Rs. 5 cr

9.00

N.A

Calculate
above 12 months to less than 2 Years Rs. 1 cr to Rs. 5 cr

9.00

N.A

Calculate
2 years to less than 5 Years Rs. 1 cr to Rs. 5 cr

9.00

N.A

Calculate
5 years and Above Rs. 1 cr to Rs. 5 cr

8.75

N.A

Calculate

Tax Saver Fixed Deposits (Amount capped at Rs. 1 lakh per Financial Year)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
Corp Tax Saver Plus - 5 years Upto Rs. 1 lakh

9.00

9.50

Calculate

Tax Implications:

  • The amount invested in fixed deposits with a maturity period of 5 years in a Scheduled bank is eligible for tax deduction under section 80C. However, the interest earned on the deposit is taxable.
  • Tax will be deducted at the source, if the interest income on a fixed deposit per annum exceeds Rs.10000

a) For NRO Fixed Deposit - Less than Rs. 1 crore (last revised on May 22, 2013)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Less than Rs. 1 crore 6.00 Calculate
15 days to 30 days Less than Rs. 1 crore 6.50 Calculate
31 days to less than 45 days Less than Rs. 1 crore 7.00 Calculate
46 days to less than 89 day Less than Rs. 1 crore 7.50 Calculate
90 days to less than 179 day Less than Rs. 1 crore 8.00 Calculate
180 days to less than 269 days Less than Rs. 1 crore 8.25 Calculate
270 days to less than 363 days Less than Rs. 1 crore 8.50 Calculate
364 days Less than Rs. 1 crore 9.00 Calculate
12 months Less than Rs. 1 crore 9.00 Calculate
above 12 months to less than 2 Years Less than Rs. 1 crore 9.00 Calculate
2 years to less than 5 Years Less than Rs. 1 crore 9.00 Calculate
5 years and Above Less than Rs. 1 crore 8.75 Calculate

b) For NRO Fixed Deposit - Rs. 1 cr to Rs. 5 cr (last revised on May 22, 2013)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 14 days Rs. 1 cr to Rs. 5 cr 6.00 Calculate
15 days to 30 days Rs. 1 cr to Rs. 5 cr 6.50 Calculate
31 days to less than 45 days Rs. 1 cr to Rs. 5 cr 7.00 Calculate
46 days to less than 89 day Rs. 1 cr to Rs. 5 cr 7.50 Calculate
90 days to less than 179 day Rs. 1 cr to Rs. 5 cr 8.00 Calculate
180 days to less than 269 days Rs. 1 cr to Rs. 5 cr 8.25 Calculate
270 days to less than 363 days Rs. 1 cr to Rs. 5 cr 8.50 Calculate
364 days Rs. 1 cr to Rs. 5 cr 9.00 Calculate
12 months Rs. 1 cr to Rs. 5 cr 9.00 Calculate
above 12 months to less than 2 Years Rs. 1 cr to Rs. 5 cr 9.00 Calculate
2 years to less than 5 Years Rs. 1 cr to Rs. 5 cr 9.00 Calculate
5 years and Above Rs. 1 cr to Rs. 5 cr 8.75 Calculate

a) For NRE Fixed Deposit - Less than Rs. 1 crore (last revised on Apr 29, 2013)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
12 month Less than Rs. 1 crore 9.00 Calculate
above 12 month to less than 2 Years Less than Rs. 1 crore 9.00 Calculate
above 2 years to 5 years Less than Rs. 1 crore 9.00 Calculate
5 years to 10 years Less than Rs. 1 crore 8.75 Calculate

b) For NRE Fixed Deposit - Rs. 1 cr and above (last revised on Apr 02, 2013)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
12 month Rs. 1 cr and above 9.00 Calculate
above 12 month to less than 2 Years Rs. 1 cr and above 9.00 Calculate
above 2 years to 5 years Rs. 1 cr and above 9.00 Calculate
5 years to 10 years Rs. 1 cr and above 8.75 Calculate