Corporation Bank Interest Rates on FD, Dec 2016

Fixed Deposit Interest Rate of Corporation Bank

Last Updated 29th Nov 2016
Tenure General Rates Senior Citizen Rate
7 day to 14 day 5.00% 5.50%
15 day to 45 day 5.00% 5.50%
46 day to 60 day 6.00% 6.50%
61 day to 90 day 6.00% 6.50%
91 day to 120 day 6.50% 7.00%
121 day to 180 day 6.50% 7.00%
181 day to 270 day 6.75% 7.25%
271 day to 364 day 6.75% 7.25%
1 year to 2 year 364 day 7.10% 7.60%
3 year to 10 year 7.00% 7.50%
    Read Latest News on Corporation Bank Here
  • Corporation Bank offers FD interest rates upto 7.10% per annum.
  • Interest on deposits with Corporation Bank is typically compounded quarterly.
  • Corporation Bank accepts deposits starting at Rs. 500 for various tenures.
  • For senior citizens (age more than 60 years), Corporation Bank offers higher interest rate over and above rates mentioned below.
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FD Maturity Amount

Corporation Bank Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, Corporation Bank pays 1% lower ROI than that applicable for actual duration of deposit.

Loan against Corporation Bank FD

  • Corporation Bank offers loan upto 90% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

Corporation Bank Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with Corporation Bank, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of Corporation Bank in your city - Find Corporation Bank Branches here

About Corporation Bank

Corporation Bank is a public sector bank in India with its headquarter in Mangalore, Karnataka. It was incorporated in 1906 as Canara Banking Corporation Ltd. and became a nationalized bank in 1980. In 1997, Corporation Bank became the second bank to enter in to the capital market with its IPO being subscribed over 13 times. At present Corporation Bank has over 2,053 fully automated CBS branches, 2,568 ATMs and 4,349 branchless banking units spread across the country. The Bank provides employment to over 18,000 people at present. Over its 109 years of journey the bank has received many awards for its services most notably as the No.1 bank under 'National Awards for Excellence in MSE Lending' for the year 2012-13 under public sector banks from Ministry of Micro, Small and Medium Enterprises.

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News - Dec 2016
10th Aug 16 Corporation Bank Q1 Net Profit down Rs. 168 cr
As per Q1 FY17 results, Corporation Bank has registered a drop of 82.41 per cent in net profit to Rs. 35.92 crore in the June quarter of FY17 from Rs. 204.26 crore in the corresponding period of previous fiscal. The gross and net NPAs as a percentage stood at 11.52 per cent and at 7.22 per cent, respectively, during the June quarter of FY17. The net interest income of Corporation Bank stood at Rs. 1031.16 crore in the June quarter of FY17 from Rs. 1080.72 crore in the same period of previous fiscal.
09th Feb 16 Corporation Bank launches two new term deposit schemes
Corporation Bank has launched two new term deposit schemes, namely super gain plus and power plus which offer higher rate of interest to depositors
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