Csb FD Calculator
Enter your details to calculate
₹
%
yrs
Total value of investment
₹1,38,042
Invested amount
₹1,00,000
Estimated returns
₹38,042
FD Interest Rates on Domestic Deposits of less than Rs 2 crore - General Public
| Tenor | Interest Rates (% p.a.) |
| 7 days to 90 days | 3 |
| 91 days to 179 days | 3.5 |
| 180 days to less than 1 year | 4.25 |
| 1 year | 5 |
| 1 year 1 day to 2 years | 5.5 |
| 2 years 1 day to 5 years | 5.75 |
| Above 5 years to 10 years | 6 |
Note: The FD interest rates are effective as of 1 June 2022
FD Interest Rates on Acharya Deposits of below Rs 2 crore - Senior Citizens
| Tenor | Interest Rates (% p.a.) |
| 180 days to less than 1 year | 4.75 |
| 1 year | 5.5 |
| 1 year 1 day to 2 years | 6 |
| 2 years 1 day to 5 years | 6.25 |
| Above 5 years to 10 years | 6.5 |
Note: The FD interest rates are effective as of 1 June 2022
FD Interest Rates on NRE Fixed Deposits
| Tenor | Interest Rates (% p.a.) |
| 1 year | 6.9 |
| Above 1 year to 3 years | 6.55 |
| Above 5 years to 10 years | 6.25 |
Note: The FD interest rates are effective as of 1 September 2022
FD Interest Rates on NRO Fixed Deposits
| Tenor | Interest Rates (% p.a.) |
| 7 days to 90 days | 3 |
| 91 days to 179 days | 3.5 |
| 180 days to less than 1 year | 4.25 |
| 1 year | 5 |
| 1 year 1 day to 2 years | 5.5 |
| 2 years 1 day to 5 years | 5.75 |
| Above 5 years to 10 years | 6 |
Note: The FD interest rates are effective as of 1 June 2022
Interest Rates on FCNR(B) deposits
| Interest Rates (% p.a.) | ||||||
| Maturity Period | USD | GBP | EUR | YEN | CAD | AUD |
| 12 months to less than 24 months | 3.9 | 1.5 | 0.17 | 0.7 | 1.14 | 1.09 |
| 24 months to less than 36 months | 3.55 | 1.86 | 0.36 | 0.7 | 2.2 | 1.57 |
| 36 months to less than 48 months | 2.75 | 1.98 | 0.51 | 0.69 | 2.42 | 1.93 |
| 48 months to less than 60 months | 2.5 | 1.99 | 0.61 | 0.7 | 2.48 | 2.2 |
| 60 months | 2.5 | 1.86 | 0.57 | 0.61 | 2.39 | 2.22 |
Note: The FD interest rates are effective as of 1 September 2022
CSB Bank FD Calculator
Catholic Syrian Bank has been functional since November 1920 and is the oldest private sector bank in Kerala. The bank has multiple options to offer when it comes to fixed deposits. These types include General FD Income Scheme, CSB Tax Savings Support, Family Welfare Account, Cumulative Deposits, and Acharya Deposit for senior citizens.
FDs offer higher returns than the regular savings scheme. These are low-risk investment options offering stable returns. In this article, you will get all the details regarding CSB fixed deposit interest rates and how you can efficiently calculate the returns with an online CSB Bank fixed deposit calculator.
CSB Fixed Deposit (FD) Calculator
CSB fixed deposit offers an interest rate that ranges between 3% and 7.50% for senior citizens for a deposit amount less than or equal to ₹2 crore. Senior citizens enjoy an additional rate component under Acharya Deposit scheme. The interest rate falls between 4.75% and 7.50% for the same deposit amount.
CSB Bank FD rates will vary as per the investment tenure and amount. To choose a suitable investment FD option and deposit amount that will align with your financial goals you need to calculate the maturity amount. When it comes to calculating the maturity amount and interest accrued you can either do it manually or use the online fd calculator tool available.
Manual calculations can be quite cumbersome. Instead, you can use the online CSB fixed deposit calculator for easy calculation and fast results.
How Does the Online CSB FD Calculator Work?
A fixed deposit is of two types:
The calculation method for maturity amount for these two types of FDs are given below.
If you are calculating simple interest, you need to use the following formula:
M= P+ (PXRXT/100)
Here, M represents maturity amount, P denotes investment amount, T is tenure of investment and R is rate of interest.
If you are calculating compound interest, the following formula should be followed:
A = P (1 + r/n) ^ n*t
In this formula,
“A” represents the FD maturity amount
“P” denotes your fixed deposit investment amount
“r” implies the annual CSB bank fixed deposit interest rates
“n” stands for the frequency of compounding interest
“t” represents the investment term or tenure
While using a CSB FD calculator, you need to enter the right investment amount, tenure and interest rate to calculate an accurate interest amount.
Let’s take help of the following illustration to understand the calculation procedure in a clarified manner:
Let’s assume a fixed deposit investment of ₹80,000 for 8 years at an annual interest rate of 8%.
As per the formula:
A = 80,000 (1 + 8%/1) ^ 1×8
A = ₹1,50,763
So, the interest amount is A – P, i.e., ₹1,50,763 – ₹80,000 = ₹70,763
You can avoid this hassle of complicated manual calculations and use the online CSB fixed deposit calculator. You can obtain the result by following the simple given steps:
1. Provide your preferred investment amount on the “Total Investment” box
2. Drag the cursor to create a purple line until reaching the desired tenure. Alternatively, you can enter the number of years in the box provided
3. To conclude, enter applicable interest rate and check the right side of the page
4. It will display the “Estimated Return”, and “Total Value” received against your FD investment
You can make changes in the deposit amount, interest rate and tenure as many times as you wish to compare the returns generated from various FD schemes.
Benefits of an Online CSB FD Calculator
CSB fixed deposit calculator offers the following remarkable benefits:
- The tool is absolutely free and you can use for as many times as required to calculate and compare returns for various schemes.
- The calculator is extremely easy to use and offers a user-friendly interface for enhanced user experience.
- You can alter the investment details to choose an FD scheme as per your financial goals.
- You don’t need to share any personal data to register or subscribe to use this tool.
- By using this tool, you can plan your finances in a simpler and faster way.
Upstox CSB Bank fixed deposit calculator can be extremely helpful in planning and managing your investments. Choose a suitable FD tenure, enter the CSB Bank FD interest rate and investment amount to find out the most suitable FD option.
Frequently Asked Questions
What is the highest interest rate on CSB Bank FD?
The highest interest applicable on CSB Bank FD is 7.50% for general citizens. The same rate is applicable for senior citizens’ Acharya Deposit. This rate is applicable for deposit amount of less than ₹2 crore.
What is the minimum amount of investment for FDs under CSB Bank?
The minimum amount of investment for FDs under CSB Bank is ₹100.
Do we have a premature withdrawal facility on CSB Bank FD?
Yes, CSB Bank offers a premature withdrawal facility at applicable penal interest rate of 1%.
In how many years has FD doubled in the CSB Bank?
You can easily find out how many years it would take it will take for your FD to double in CSB Bank. You can use the Rule of 72 where you have to divide 72 with the interest rate levied on your FD. For example, if your FD attracts a 6.7% interest rate per annum, it will take (72/6.7) 10.74 years for your FD to double.
Can a customer open a term deposit account online in CSB Bank?
Yes, you can open a term deposit account in CSB Bank through CSB net banking. This facility is available only to existing customers.
Can I deposit an extra amount into an already existing FD?
No, you cannot deposit an extra amount into an already existing FD. However, you can open a new fixed deposit and start investing.
Does CSB Bank provide an auto-renewal facility for fixed deposits?
Yes, CSB Bank fixed deposits have the auto-renewal facility on by default unless the customer specifies otherwise.
What is the lock-in period for Tax Saving Scheme?
The lock-in period is typically of 5 years. You cannot make an early withdrawal or avail of the loan against FD facility during this lock-in period.
Are there any special rates for senior citizens?
Yes, CSB Bank offers higher interest rates for senior citizens which range between 4.75% and 7.50%.
