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How to Open CSB Bank Fixed Deposit Account

Updated 30 Aug 2023

Embracing financial prudence often begins with opting for a Fixed Deposit (FD), a favoured choice for many aiming to combine safety with steady returns. CSB Bank, formerly Catholic Syrian Bank, with its deep-rooted banking heritage and commitment to customer-centric services, is an attractive option for potential FD investors.

 

When considering opening an FD with CSB, one not only steps towards financial growth but also experiences a blend of tradition and innovation in banking services. This blog will guide you meticulously on how to initiate and complete the process of opening an FD account with CSB Bank.

How To Open A FD Account with CSB Bank?

Fixed deposit accounts can be opened in both online and offline methods:

Online Method:

This facility is only available for CSB net banking customers:
Step 1: Visit the official website of CSB Bank.
Step 2: Select 'Personal Banking' and go on 'Accounts'.
Step 3: Click 'Fixed Deposits'.
Step 4: Click on 'Apply e-term deposit'.
Step 5: Login if you are an existing user or register in case of a new user.
Step 6: Fill out the required details for online FD account opening and submit the form.
Step 7: Enter the OTP received on the mentioned mobile number.
Step 8: Click on 'Confirm'.
Step 9: The form is submitted, and a bank representative will contact you regarding further proceedings.

Offline Method:

Step 1: Visit the bank branch.
Step 2: Take the FD application form.
Step 3: Fill in the required details and submit the necessary documents.
Step 4: Submit the form to the branch.

Eligibility Criteria to Open a Fixed Deposit with CSB Bank

To invest in CSB Bank Fixed Deposits, the following are eligible:

  • Resident Individual 
  • Hindu Undivided Family (HUF).   
  • Non-Resident Individuals

Documents Required to Open a CSB Bank Fixed Deposit

The following documents are required to invest in CSB Bank Fixed deposits:

  • PAN card
  • Aadhaar card
  • Passport-size photographs
  • Address proof
  • PAN form 60 in case of non-availability of PAN card.

FAQs

Can an investor change the tenure of CSB Bank FD?

No, CSB Bank does not allow investors to change the tenure of the FD. Either they allow for premature closure post which a fresh FD can be started.

What are the highest CSB Bank FD rates?

Currently, the highest rate CSB Bank FD offers is 7.5% on FDs with a tenure of 444 days.

Is the ₹5 lakhs DICGC insurance cover applicable on CSB Bank FD?

Yes. ₹5 lakhs Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance cover is applicable on CSB bank FD

What is the minimum deposit amount?

The minimum deposit amount is ₹100.

What is the tenure of interest payment?

Bank offers monthly, quarterly, half-annual, yearly, and at-maturity interest payout choices for its FD plans.

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