CSB Bank Senior Citizen FD Rates 2025

What is a CSB Bank Senior Citizen FD?

A CSB Bank Senior Citizen FD is a fixed deposit scheme tailored for individuals aged 60 years and above, offering preferential interest rates higher than standard FDs. It allows senior citizens and retirees to earn assured returns with flexible interest payout options such as monthly, quarterly, semi-annual, or cumulative at maturity. With a minimum investment starting from just ₹1,000, CSB Bank makes it easy for seniors to start saving. View the latest returns offered on CSB Fixed Deposits, and check the current CSB Bank FD rates across various tenures.

Key Benefits of CSB Bank Senior Citizen FD

Here are some key benefits available to senior citizen depositors:

• Flexible Tenure Options: CSB Bank offers flexible tenure options, allowing senior citizens to choose deposit periods ranging from 7 days to 10 years.
• Interest Payout Choices: Senior citizens can benefit from multiple interest payout options provided by CSB Bank, including monthly, quarterly, semi-annual, or cumulative payouts at maturity, making it easier to manage regular income needs.
• Auto-Renewal Facility: CSB Bank fixed deposits come with an auto-renewal facility, which is especially helpful for senior citizens who may prefer not to visit the bank frequently. It ensures their deposits continue earning interest without requiring manual intervention.
• Acharya Deposit Scheme for Senior Citizens: CSB Bank offers the Acharya Deposit Scheme exclusively for senior citizens aged 60 and above. The scheme requires a minimum deposit of ₹5,000 and a minimum tenure of 6 months. It provides additional interest and allows joint account opening, making it a suitable option for senior citizens.
• Sweep-in/Sweep-out Feature: With CSB Bank’s sweep-in and sweep-out feature, funds are automatically transferred between savings accounts and FD accounts, helping senior citizens maintain liquidity while enjoying better returns.

CSB Bank FD Interest Rates for Senior Citizens

Here are the latest CSB Bank senior citizen FD rates across various tenures for senior citizen deposits:

CSB Bank Senior Citizen Term Deposit Interest Rates Less than 3 Cr

*CSB Bank senior citizens' FD interest rates w.e.f. Sept 10, 2025
**The benefit of an additional interest rate for senior citizens is not applicable for term deposits opened under the staff category for the above-mentioned deposit tenures.

CSB Bank Senior Citizen FD Rates for Acharya Tax Saver Deposit

*CSB Bank senior citizens' FD interest rates w.e.f. Sept 10, 2025

How to Open a CSB Bank Senior Citizen FD?

Opening a CSB Bank FD for senior citizens is a straightforward process. You can choose either online or offline methods based on your convenience.

1. Online Method

   • Go to the Bank’s Website: Visit CSB Bank’s official website
   • Log in to Internet Banking: Use your credentials to access your account.
   • Navigate to the Term Deposit Section: Select “Open Fixed Deposit” and choose the ‘Senior Citizen’ category.
   • Enter Deposit Details: Choose the amount, tenure, and payout preference.
   • Confirm and Submit: Verify your details and complete the process with OTP authentication.

2. Offline Method

   • Go to the Bank: Visit your nearest CSB Bank branch.
   • Fill the FD Form: Fill out the FD application form, indicating your senior citizen status.
   • Complete Your KYC: Submit KYC Documents such as Aadhaar Card, PAN Card, and age proof (like voter ID or senior citizen certificate).
   • Deposit the Amount: Provide the cheque or cash for the FD amount.
   • Collect the Receipt: Collect the FD Receipt after the process is completed by the bank staff.

Taxation on CSB Bank Senior Citizen FD Interest

Interest earned on CSB Bank Senior Citizen Fixed Deposits is fully taxable under the Income Tax Act.

Senior citizens can submit Form 15H to avoid TDS, provided their total income is below the taxable limit. Additionally, under Section 80TTB, senior citizens can claim a deduction of up to ₹50,000 on interest earned from fixed deposits.

Key Takeaways

CSB Bank Senior Citizen Fixed Deposit interest rates are from 3.00% to 7.30% depending on the tenure selected. Eligible for individuals aged 60 years and above, these deposits can be opened both online and at branch locations. CSB Bank also provides a special option for senior citizens through the Acharya Deposit Scheme, which offers additional interest benefits with a minimum deposit of ₹5,000 and a minimum tenure of 6 months. While suitable for long-term savings with an auto-renewal facility and multiple Interest Payout Choices.