Capital Small Finance Bank FD Rates
Capital Small Finance Bank (CSFB) offers a range of fixed deposit (FD) schemes to suit various investment needs and time horizons. These FDs provide attractive interest rates, making them a good option for growing your savings.
Interest Rates on CSFB FDs
CSFB offers FD interest rates that cater to both regular and senior citizen depositors. Here’s a breakdown:
Regular Public: Interest rates range from 3.50% p.a. to 7.60% p.a. for tenures ranging from 7 days to 10 years.
Senior Citizens: Enjoy an additional 0.50% p.a. on top of the regular rates. This means senior citizens can get interest rates as high as 8.10% p.a capital small finance bank fd rates.
Key Points to Remember:
- Interest rates may vary depending on the specific FD scheme and deposit tenure.
- Longer tenures generally command higher interest rates. Click here
CSFB FD Products
CSFB offers various FD products to cater to different requirements. Here are some popular options:
- Regular FDs: These are suitable for those seeking a safe and secure investment option with attractive returns.
- Tax Saving FDs (Tax Saver Fixed Deposit): These FDs offer tax benefits under Section 80C of the Income Tax Act. However, they come with a lock-in period of 5 years.
- NRI FDs (Non-Resident Indian Fixed Deposits): Tailored for Non-Resident Indians (NRIs) looking to invest in India. CSFB offers NRO and NRE FD schemes.
Benefits of Investing in CSFB FDs
- Competitive Interest Rates: Earn attractive returns on your deposited amount.
- Safety and Security: FDs are a safe investment option as they are insured up to a certain limit by the Deposit Insurance and Credit Guarantee Corporation (DICGC).
- Flexibility: CSFB offers a variety of FD schemes with different tenures to suit your investment goals.
- Senior Citizen Benefits: Senior citizens enjoy higher interest rates on their FDs.
Before You Invest
- Compare Rates: Research and compare FD rates offered by different banks before finalizing your investment.
- Consider Your Needs: Choose an FD scheme that aligns with your investment horizon and financial goals.
- Read the Fine Print: Understand the terms and conditions associated with the FD scheme before investing.
By carefully considering these factors, you can leverage CSFB FDs to grow your money effectively.
