Rate of Interest on Recurring Deposit in Corporation Bank

Hello sir, I am Manish Paul. I am from Mumbai. I want you to help me by providing me some information about the Rate of Interest on recurring deposit in corporation bank. Can you give me some details about it?

[Raman Vij]

As you have asked about the rate of interest on recurring deposit in corporation bank, I am giving you some information about it
Term Deposits [% per annum with effect from 1st January 2016]

Maturity Band Less than Rs.1 Crore(applicable for domestic, NRO and Capital Gains deposits)
7 to 14 days
5.50
15 to 45 days
6.00
46 to 60 days
6.00
61 to 90 days
6.25
91 to 120 days
7.00
121 to 180 days
7.00
181 to 270 days
7.00
271 days to less than 1 year
7.00
1 year to 2 years
7.50
Above 2 years
7.50

Conditions apply including penalty on premature closure/part withdrawal/ premature renewal as under:

1. Interest rates as above are subject to change from time to time.
2. Premature withdrawal penalty will be charged at the rate of 1% p.a. on all deposit
3. No interest shall be paid on any Term Deposit prematurely closed in less than 7 days.