Rd Interest Rates In Corporation Bank

Hello sir, here I came to get detail about the interest rate on RD in corporation bank. Can an7y one tells how much interest rate is decided by Corporation bank on RD?

[Pathak]

Corporation Bank offers recurring deposit schemes to its customers with attractive interest rates and maturity tenures. The rate of interest depends on the period of deposit, payable at the rate as decided by the Bank from time to time.

One of the best ways to put money away every month, a recurring deposit with Corporation Bank will help you save for the future and help your money grow.

Interest is calculated on a quarterly basis and will be credited to the account at the end of each financial year. The interest is payable on maturity. At the end of the recurring deposit, you will receive the lump sum along with the interest payable.

The interest rates on FCNR (B) deposits stand revised as follows with effect from 1st March 2016.

RD interest rate in Corporation bank:

Period of Deposit Interest Rates (per annum)
USD GBP EUR AUD CAD
1 year to less than 2 years 1.84 1.7 0.92 3.21 2.02

2 years to less than 3 years 1.94 1.83 0.9 3.12 1.91

3 years to less than 4 years 2.04 1.86 0.93 3.12 1.92

4 years to less than 5 years 2.12 1.92 1 3.3 1.95

5 years 2.25 1.99 1.09 3.36 2.01

The above revised interest rates will apply only to fresh deposits and on renewal of deposits maturing on or after 1st March 2016.