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Updated 15 Dec 2023
Financial security is paramount, especially during the golden years. CSB Bank understands the unique financial needs of senior citizens and offers Fixed Deposit Rates crafted exclusively for them. With an emphasis on providing robust returns and stability, these FD rates serve as an anchor for seniors looking to maximize their savings.
This blog will highlight the features, benefits, and advantages of opting for Senior Citizen FD Rates at CSB Bank. Join us as we explore how CSB Bank ensures your retirement years are as financially comfortable as possible.
| Tenure | Normal Citizen FD Rate | Senior Citizen FD Rate |
|---|---|---|
| 7 days - 2 months 29 days | 3% | 3% |
| 2 months 30 days - 5 months 26 days | 3.50% | 3.50% |
| 5 months 27 days - 11 months 29 days | 4.30% | 4.80% |
| 11 months 30 days - 11 months 30 days | 5% | 5.50% |
| 1 year - 1 year 2 months 16 days | 5.50% | 6% |
| 1 year 2 months 17 days - 1 year 2 months 17 days | 7.40% | 7.60% |
| 1 year 2 months 18 days - 1 year 11 months 30 days | 5.50% | 6% |
| 2 years - 2 years 18 days | 5.75% | 6.25% |
| 2 years 19 days - 2 years 19 days | 7.10% | 7.10% |
| 2 years 20 days - 2 years 5 months 6 days | 5.75% | 6.25% |
| 2 years 5 months 7 days - 2 years 5 months 26 days | 7.10% | 7.10% |
| 2 years 5 months 27 days - 4 years 11 months 29 days | 5.75% | 6.25% |
| 4 years 11 months 30 days - 9 years 11 months 28 days | 6% | 6.50% |
The eligibility criteria for the senior citizen FDs is that they need to be at least or above the age of 60 on the day of opening the FD account. They typically need to be residents to open a senior citizen FD; However, NRIs can also open accounts through NRE and NRO accounts.
The documentation required is similar to that of a normal FD account opening. One metric being essential is your age proof.
Identity Proofs
Address Proof
Age proof is mandatory to avail of a Senior Citizen FD account.
Who qualifies as a senior citizen at CSB Bank?
Generally, individuals aged 60 years and above are considered senior citizens by most banks, including CSB Bank.
Is there a specific tenure for senior citizen FDs at CSB Bank?
CSB Bank offers a range of tenures for FDs. However, the special interest rate for senior citizens is applicable across various tenures.
Can I open a joint FD account with a senior citizen rate?
Yes, but typically, the primary account holder must be a senior citizen to avail of the special rates.
Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the information displayed is subject to change and are provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of information contained on this website.
