Capital Small Finance Bank Fixed Deposit Interest Rates (as on 2024)

Capital Small Finance Bank FD Interest Rates w.e.f. 01.12.2023

TenorsInterest Rate p.a.(%)
(General)
Interest Rate p.a.(%)
(Senior Citizen)
15 Days to 30 Days3.504.15
31 Days to 45 Days3.504.15
46 Days to 89 Days4.004.65
90 Days to 179 Days4.755.40
180 Days to less than 1 Year5.506.15
1 Year to less than 5 Years7.157.80
5 Years and upto 10 Years7.107.75
12 Months (Special Category)7.508.00
400 Days (Special Category)7.608.10
500 Days (Special Category)7.407.90
900 Days (Special Category)7.407.90

Capital Small Finance Bank Recurring Deposit Interest Rates (below Rs.1 Crore) w.e.f. 01.12.2023

TenorsInterest Rate p.a.(%)
(General)
Interest Rate p.a.(%)
(Senior Citizen)
180 Days to less than 1 Year5.506.15
1 Year to less than 5 Years7.157.80
5 Years and upto 10 Years7.107.75
12 Months (Special Category)7.508.00
400 Days (Special Category)7.608.10
500 Days (Special Category)7.407.90
900 Days (Special Category)7.407.90

Capital Small Finance Bank NRO FD Interest Rates w.e.f. 01.12.2023

TenorsInterest Rate p.a.(%)
(General)
15 Days to 30 Days3.50
31 Days to 45 Days3.50
46 Days to 89 Days4.00
90 Days to 179 Days4.75
180 Days to less than 1 Year5.50
1 Year to less than 5 Years7.15
5 Years and upto 10 Years7.10
12 Months (Special Category)7.50
400 Days (Special Category)7.60
500 Days (Special Category)7.40
900 Days (Special Category)7.40

Capital Small Finance Bank NRE FD Interest Rates w.e.f. 01.12.2023

TenorsInterest Rate p.a.(%)
1 Year to less than 5 Years7.15
5 Years and upto 10 Years7.10
12 Months (Special Category)7.50
400 Days (Special Category)7.60
500 Days (Special Category)7.40
900 Days (Special Category)7.40

Capital Small Finance Bank Tax Saving FD Interest Rates (maximum Rs 1.50 lakhs p.a.) w.e.f. 01.12.2023

TenorsInterest Rate p.a.(%)
(General)
Interest Rate p.a.(%)
(Senior Citizen)
5 Years and upto 10 Years7.107.75

Snapshot: Capital Small Finance Bank

PointsDetails
EligibilityAny Individual or Group of Individuals, Firm, Corporate or Club etc.
Minimum FDRs. 1,000
Maximum FDNo maximum limit FD
FD Tenure7 days to 120 months
Periodicity of Interest PaymentMonthly (at discounted rates) or Quarterly or Cumulative
Loan / Overdraft facilityUp to 92.5% of the deposit plus accrued interest thereon
Interest to Senior Citizens0.50% more than general FD for FD amount below Rs.1 Crore

Capital Small Finance Bank Fixed Deposit

Capital Small Finance Bank has a range of Fixed Deposits (FD) products at competitive interest rates with various tenures and lots of other benefits. Capital Small Finance Bank offers Fixed Deposit schemes for a short term period and long term period.

It is very easy to open a Capital Small Finance Bank FD either online through its website or by visiting its nearby branch.

Important Points regarding Capital Small Finance Bank Fixed Deposit

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  • In order to avail Senior Citizen Interest Rates, submission of age proof is mandatory.
  • Submission of Income Tax PAN is mandatory, failing which TDS will be deducted at a higher rate.
  • PAN is mandatory to book Fixed Deposits, if the total Fixed Deposit holding per customer, per branch exceeds Rs 50,000.
  • No Penalty on premature withdrawal of deposits having less than 400 days maturity.

Features & Benefits: Capital Small Finance Bank Fixed Deposit

  • Competitive interest rates are offered with flexible FD tenures to suit your investment plan.
  • FD account can be opened online or by visiting your nearest Bandhan Bank branch.
  • Minimum Amount of FD: Rs 1,000
  • Maximum Amount of FD: No limit
  • FD Tenures: 7 days to 10 years
  • Different interest payout options such as monthly, quarterly, etc.
  • Loan/ Overdraft against FD facility is available upto 90% of the FD amount.
  • Easy and fast liquidity options are available.
  • Nomination facility is available.
  • Part withdrawal facility and Capitalto-renewal facilities
  • Senior citizens can enjoy higher interest rate as compared to regular citizens.
  • NRE and NRO deposit facility is available.

Eligibility for Capital Small Finance Bank Fixed Deposit

Any of the following persons can invest in fixed deposits (FD):

  • Individual
  • Minor
  • HUF
  • Proprietary Firm
  • Partnership Firm
  • Limited Liability Partnership (LLP)
  • Company
  • Association of Persons (AOP)
  • Body of Individuals (BOI)
  • Local Authority
  • Trust
  • Non-Resident Indian (NRI)
  • Registered Society

Documents Required for Capital Small Finance Bank Fixed Deposit

Following Documents are required for opening a Fixed Deposit Account

CategoryDocuments Required
Individual, HUF, Proprietor
  • PAN and KYC documents
  • Passport size photograph
  • Deed of declaration of HUF
Partnership Firm
  • PAN and KYC documents
  • Partnership Deed
  • Letter from partners to open and operate the account
  • Passport size photographs of all partners
Trust
  • PAN and KYC documents
  • Copy of the Trust Deed
  • Copy of the Registration Certificate
  • Copy of the Resolution of the Trustees
  • Capitalthorizing the members concerned to open and operate the account
  • Photographs of the members operating the account
Associations, Clubs
  • PAN and KYC documents
  • By-Laws of the Association
  • Board Resolution to open and operate the account
  • Passport size photographs
Company
  • PAN and KYC documents
  • Certificate of Incorporation
  • Memorandum and Articles of Association
  • Board Resolution to open and operate the account
  • ID proofs of Capitalthorised signatories
  • Passport size photographs of directors

Types of Capital Small Finance Bank Fixed Deposits

  1. Capital Small Finance Bank Cumulative Deposit: This is a regular FD scheme which helps you invest your idle savings to earn higher returns. It offers you quarterly compounding interest. Its tenure ranges from 12 Months to 120 months. It offers great rates, flexibility and security for your fixed deposits, with even higher interest for our Senior citizens, with quarterly payout option. Nomination facility is available. No Penalty on premature withdrawal of deposits having less than 400 days maturity. Loan/ Overdraft against FD facility is available upto 92.5% of the FD amount.

  2. Capital Small Finance Bank Short Term Deposit: This is a regular short term FD scheme which helps you invest your idle savings to earn simple interest. It offers you High liquidity with good returns. Its tenure ranges from 15 days to 364 days. It offers great rates, flexibility and security for your fixed deposits, with even higher interest for our Senior citizens, with quarterly payout option. Nomination facility is available. No Penalty on premature withdrawal of deposits. It can be used as margin money for non-fund based facilities. Loan/ Overdraft against FD facility are available upto 92.5% of the FD amount.

  3. Capital Small Finance Bank QIDS (Quarterly Interest Deposit Scheme): It offers you monthly interest pay out option for term deposits. Its tenure ranges from 12 Months to 120 months. It offers great rates, flexibility and security for your fixed deposits, with even higher interest for our Senior citizens, with monthly payout option. Nomination facility is available. No Penalty on premature withdrawal of deposits having less than 400 days maturity. Loan/ Overdraft against FD facility are available upto 92.5% of the FD amount.

  4. Capital Small Finance Bank MIDS (Monthly Interest Deposit Scheme): It offers you quarterly interest pay out option for term deposits. Its tenure ranges from 12 Months to 120 months. It offers great rates, flexibility and security for your fixed deposits, with even higher interest for our Senior citizens, with quarterly payout option. Nomination facility is available. No Penalty on premature withdrawal of deposits having less than 400 days maturity. Loan/ Overdraft against FD facility are available upto 92.5% of the FD amount.

  5. Capital Small Finance Bank Tax Saver Fixed Deposit: The regular Tax Saving products are available to all resident individuals, HUFs and Minors. It offers an exemption under section 80C of Income Tax Act which can be claimed by the depositor in case of single depositor or the first holder in case of joint depositors, within eligible investments. FD amount is minimum of Rs.100 and thereafter in multiples of Rs 100 & maximum limited to Rs.1,50,000 in a financial year. Deposit will be accepted for a minimum period of 5 years and maximum period of 10 years. It cannot be encashed before the expiry of 5 years from the date of its receipt. It can be booked with Quarterly Payout or Maturity Payout. Nomination facility is available. In the event of death of the Primary holder of a term deposit in respect of which a nomination is in force, the nominee shall be entitled for pre-mature encashment of the deposit. For senior citizens 0.50 % additional interest rate is provided.

  6. Capital Small Finance Bank Recurring Deposits: It scheme allows you to start saving a small amount regularly to help your money grow slowly but steadily. Its tenure ranges from 12 months to 120 months. You can build your wealth securely through regular investments at attractive Interest rates. It gives you opportunity to achieve your short or long term finance goals comfortably. The interest is quarterly compounding. Nomination facility is available.

Loan against Capital Small Finance Bank Fixed Deposit

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  1. You can take a loan against your Capital Small Finance Bank Fixed Deposit without liquidating your FD.
  2. Maximum Loan Amount: Upto 92.5% of the fixed deposit plus accrued interest thereon.
  3. Interest is charged only on actual amount utilised and for the tenure of utilisation.

Benefits of Senior Citizens Capital Small Finance Bank Fixed Deposit

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Senior Citizens are offered more interest rate by Capital Small Finance Bank for FD amount below Rs.1 Crore as detailed below:

  • 0.50% more than general FD for FD amount below Rs.1 Crore

Tax Information: Capital Small Finance Bank Fixed Deposit

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TDS (Tax Deducted at Source) will be applicable when the total interest payable or reinvested in Recurring Deposits and/or Fixed Deposits per customer, across all branches, exceeds Rs.10000 in a financial year. A TDS Certificate will be mailed to you after end of every quarter during the Financial Year, providing the details of TDS deducted during the quarter.

STATUSTAX RATEEDUCATION CESSTOTAL
Resident Individuals & HUF10%----10%
Corporate Entity10%----10%
NRO30%3%30.90%
Firms10%----10%
Co-operative Societies & Local Capitalthority10%----10%

A fresh Form 15G/H needs to be submitted at the beginning of each Financial Year. Form 15G/H will need to be submitted for all subsequent deposit(s) booked, on every 31st of March. TDS is recovered on the total of interest compounded and interest accrued on the Fixed Deposit(s).

NRI Fixed Deposit accounts offered by Capital Small Finance Bank

Capital Small Finance Bank offers many fixed deposit schemes specially designed for its NRI customers. In these schemes, NRI customers can deposit money either in Indian currency or in foreign currency depending on their status and preference. The bank also offers different interest rates for NRI fixed deposits. Following types of NRI fixed deposits are offered by Capital Small Finance Bank:

NRI Account TypeDetails
NRE Account (Non Resident External Account) Account is maintained in Indian currency
NRO Account (Non Resident Ordinary Account)This either be funded by conventional payment or through traveller's cheques

How and when to apply for exemption on TDS?

  • If your total taxable income during the financial year is not likely to exceed the maximum amount which is not chargeable to income tax, then you can submit self declaration in Form 15G or 15H (for senior citizens only) to the bank to ensure non deduction of tax at source.
  • The declaration has to be given in prescribed format only wherein the valid 10 digit PAN is also required.
  • It may be noted that if the interest payable by the bank during the financial year on time deposits is likely to exceed the maximum amount which is not chargeable to income tax, then the Form 15G submitted will be treated as invalid.
  • In case of Senior Citizens, if the interest payable by the bank during the financial year on time deposits is likely to exceed the maximum amount which is not chargeable to tax and deduction(s) under chapter VIA, if any, for which declarant is eligible, then the Form 15H submitted will be treated as invalid.

You may refer to following table for more details:

CategoryName of FormExemption limit (Male)Exemption limit (Female)
Individuals(upto age of 60)Form 15GRs.2,50,000Rs.2,50,000
HUFs, Associations, TrustsForm 15GRs.2,50,000Rs.2,50,000
Individual (age 60 years and above but less than 80 years)Form 15HRs.3,00,000Rs.3,00,000
Individual (age 80 years and above)Form 15HRs.5,00,000Rs.5,00,000
OthersExemption certificate issued by Income Tax OfficerAs per Exemption CertificateAs per Exemption Certificate

Capital Small Finance Bank Fixed Deposit FAQ

  1. What interest payment options are available under Term Deposit with Capital Small Finance Bank?

    Interest payment on Monthly (discounted), Quarterly and Cumulative is available under Capital Small Finance Bank Term Deposit.

  2. What is the minimum and maximum amount of FD in Capital Small Finance Bank?

    The minimum amount is Rs.1,000 and there is no cap on maximum FD amount.

  3. What is the minimum and maximum tenor for which Term Deposit can be kept with Capital Small Finance Bank?

    The minimum and maximum tenor for general/Senior citizen is 7 days and 120 months respectively.

  4. Does Capital Small Finance Bank offer any special interest rate for Senior Citizen on its Term Deposits?

    Yes, an additional interest rate for Senior Citizen is 0.50% for deposits less than Rs. 1 crore.

  5. When is TDS deducted?

    TDS is done at the time of credit of interest to account, if the total interest payable to the customer during the financial year is likely to exceed the limit of Rs.10,000.

  6. At what rate is TDS deducted?

    TDS is deducted at rates as required by section 194A (Resident) and section 195 (NRO) of IT Act 1961 for the following category of account holders:

    • Resident Indians (Individuals, Trusts, Associations, HUFs, Firms Indian Companies): 10% plus applicable surcharge and education cess
    • Non-Resident Indians: 30% plus applicable surcharge and education cess

  7. Can I apply for exemption on TDS?

    Yes, you can apply for exemption on TDS, in case your total taxable income during the financial year is not likely to exceed the maximum amount which is not chargeable to income tax. For this, you need to submit self declaration in Form 15G or 15H (for senior citizens only) to the Bank to ensure non deduction of tax at source, in the beginning of respective financial year.

Tax Implications and TDS in FD

  • An amount invested in fixed deposits in a scheduled bank is eligible for tax deduction under section 80C. Only the interest earned on the deposit is taxable.
  • Tax will be deducted at source (TDS), if the interest income on a fixed deposit per annum exceeds Rs.10,000
  • A person can exempt from TDS, if he/ she submits Form 15G/ Form 15H in the beginning of each financial year

Factors affecting Fixed Deposit Interest Rates

  1. Change in Policies Rates by RBI: If there is a change in Cash Reserve Ratio (CRR) and/ or Repo Rate, it affects the fixed deposit interest rate.

  2. Inflation: As FD interest rate has to be kept higher than inflation by the banks, hence if inflation increases then FD interest rates also go higher. When inflation decreases, banks offer lower interest rates so that people can borrow and spend more.

  3. Demand and Supply of Credit: With the increase in demand of the credit/ loan, interest rates of fixed deposit also go higher. When the supply is more than the demand of credit, banks offer lower interest rates on fixed deposit.

  4. Growth Uncertainty: If there is any uncertainty of future economic growth, the banks need to offer higher interest rates on FD as a compensation for higher defCapitallt risks.

  5. State of Economy: If a country's economic state is very good then the banks of that country offer higher interest rate on fixed deposits in order to attract more investments to extend more credits/ loans.

  6. Recession: Whenever there is a situation of recession in an economy, it always results into a decrease in the fixed deposit interest rate, as in case of situation of recession, the RBI needs to increase the liquidity in the market by releasing the funds i.e. by lowering CRR and hence, banks reduce the FD interest rates.

  7. Global Liquidity: Higher global liquidity results into higher domestic liquidity. In such cases banks will offer lower interest rates on FD.

Capital Small Finance Bank FD News May 2024

  • December 01, 2023: Capital Small Finance Bank revises FD interest rates w.e.f. 01.12.2023

  • October 06, 2022: Capital Small Finance Bank revises FD interest rates w.e.f. 06.10.2022

  • November 06, 2020: Capital Small Finance Bank revises FD interest rates w.e.f. 06.11.2020

  • August 06, 2020: Capital Small Finance Bank revises FD interest rates w.e.f. 06.08.2020

  • November 26, 2019: Capital Small Finance Bank raises Rs. 84 crore from OIJIF
Disclaimer: The FD Interest Rates keep on changing. You are advised to check the interest rates with banks before making your savings.      Source: Bank Websites