Capital Small Finance Bank Limited, India's 1st Small Finance Bank, started operations on April 24, 2016. Capital Local Area Bank, along with nine other entities, was granted in-principle approval by the Reserve Bank of India to set up 'Small Finance Bank' on September 16, 2015.
Capital Local Area Bank, the largest Local Area Bank in the country, before conversion to 'Small Finance Bank' has been into operations for last 16 years with excellent performance in all spheres. The Bank has been operating in three contiguous Districts of Jalandhar, Kapurthala and Hoshiarpur in Punjab for the initial 13 years. In January 2013, the Reserve Bank of India accorded the approval for expansion in the Bank's area of operation to two more Districts of Ludhiana and Amritsar in Punjab.
Source- Bank's Website
Interest Rate Offered on Savings Account is 4.00%
Customer Care no - 1800 120 1600
Branch Locator of Capital Bank - Click Here
Capital Bank Domestic Term DepositInterest on Domestic Term Deposits (w.e.f March 19, 2018)
Slab Rate of Interest 15 Days to 30 Days 5.25% 31 Days to 45 Days 5.75% 46 Days to 89 Days 6.50% 90 Days to 179 Days 6.75% 180 Days to less than 1 Year 7.00% 1 Year to less than 5 Years 7.50% 5 Years and upto 10 Years 7.40% Special Category 400 Days 7.60% 900 Days 7.70%