Cosmos Bank, a reputable financial institution, is renowned for offering secure and profitable investment options to the public. This article explores the current fixed deposit (FD) rates, the requirements, and the process to open an FD account with Cosmos Bank.

As of August 1, 2023, the following are the prevailing Cosmos Bank FD interest rates for both general and senior citizens:

• 7 to 14 days: 4.00% for all
• 15 to 45 days: 4.00% for all
• 46 to 60 days: 4.00% for all
• 61 to 90 days: 4.00% for all
• 91 to 181 days: 5.00% for general, 5.25% for seniors
• 182 days to 12 months: 6.00% for general, 6.10% for seniors
• Above 12 to 18 months: 7.05% for general, 7.30% for seniors
• Above 18 to 24 months: 7.25% for general, 7.50% for seniors
• Above 24 to 36 months: 7.30% for general, 7.55% for seniors
• Above 36 months to 10 years: 7.35% for general, 7.60% for seniors

In addition to these, Cosmos Bank offers the Cosmo TAX Saver Deposit Scheme with rates of 7.35% for general citizens and 7.60% for senior citizens. Another option is the Flexi Fixed Deposit Scheme, featuring rates of 3.25% for savings and 2.00% for current deposit accounts for general citizens.

For Non-Residential External (NRE) Term Deposits, rates fluctuate according to duration, stretching from 6.00% for one year to 7.35% for periods above 36 months up to 10 years. Additionally, schemes like Cosmo FCNR (B), Cosmo FCNR (B) Royale Deposits, and Cosmo FCNR (B) Premium cater to various currencies with unique rates.

Eligibility for Cosmos Bank's FD schemes extends to individuals over 18, organizations, minors under guardianship, non-resident Indians (NRIs), and local authorities. To commence an FD account, potential investors may visit a branch to complete the necessary paperwork or use online banking.

Those looking for stable returns might find Cosmos Bank's FD rates appealing. It is advised to undertake comprehensive research, assess financial goals, and grasp the terms before proceeding with investments. Through Cosmos Bank's FDs and prudent choices, investors can optimize their investments and progress towards fulfilling financial aspirations.