Central Bank of India offers FD interest rates of 3.50-7.45% p.a. to the general public and 4.00-7.95% to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on Central Bank of India Tax Saving FDs is 6.50% p.a. for the general public and 7.00% p.a. for senior citizen depositors for tenures of 5 years. The bank also offers various fixed deposit products for NRIs, such as NRE, RFC and FCNR (B) fixed deposits. Central Bank of India accepts FCNR (B) fixed deposits in US Dollars (USD), British Pound Sterling (GBP), Euro (EUR), Canadian Dollar (CAD), and Australian Dollar (AUD). The bank accepts RFC fixed deposits in USD.
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FD Starts from Rs 2000
Card Limit = 90% of FD
*Rates are subject to change as per the bank's discretion.
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| Highest slab rate | 7.45% (for 444 days) |
| For 1 year | 6.85% |
| For 2 years | 7.00% |
| For 3 years | 6.75% |
| For 4 years | 6.75% |
| For 5 years | 6.50% |
| Tax-Saving FD | 6.50% |
Interest rates as of 17 December 2024
FDs of up to ₹5 lakhs insured by RBI
No hassle of opening a saving account
No documentation
| Tenure | Rate of Interest (% p.a.) | |
| Regular Citizen | Senior Citizen | |
| 7 days to 14 days | 3.50 | 4.00 |
| 15 days to 30 days | 3.75 | 4.25 |
| 31 days to 45 days | 3.75 | 4.25 |
| 46 days to 59 days | 4.50 | 5.00 |
| 60 days to 90 days | 4.75 | 5.25 |
| 91 days to 179 days | 5.50 | 6.00 |
| 180 days to 270 days | 6.25 | 6.75 |
| 271 days to 364 days | 6.25 | 6.75 |
| 1 year to less than 2 years | 6.85 | 7.35 |
| 2 years to less than 3 years | 7.00 | 7.50 |
| 3 years to less than 5 years | 6.75 | 7.25 |
| 5 years to 10 years | 6.50 | 7.00 |
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6.5%INTEREST ON FD
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizen | Senior Citizen | |
| 7 days to 14 days | 5.25 | 5.75 |
| 15 days to 30 days | 5.25 | 5.75 |
| 31 days to 45 days | 5.75 | 6.25 |
| 46 days to 59 days | 6.00 | 6.50 |
| 60 days to 90 days | 6.00 | 6.50 |
| 91 days to 179 days | 6.50 | 7.00 |
| 180 days to 270 days | 6.75 | 7.25 |
| 271 days to 364 days | 7.25 | 7.75 |
| 1 year to less than 2 years | 7.00 | 7.50 |
| 2 years to less than 3 years | 6.50 | 7.00 |
| 3 years to less than 5 years | 6.00 | 6.50 |
| 5 years & above up to 10 years | 5.75 | 6.25 |
| Tenure | Interest Rates (% p.a.) w.e.f. 10 August 2024 | |
| Callable | Regular Citizen | Senior Citizen |
| 444 Days | 7.45 | 7.95 |
| Tenure | Interest Rates (% p.a.) w.e.f. 10 August 2024 | |
| Non-Callable (For Deposits above Rs. 1 Crore) |
Regular Citizen | Senior Citizen |
| 444 days | 7.60 | 8.10 |
| Tenure | Interest Rates (% p.a.) w.e.f. 10 August 2024 | |
| Callable | Regular Citizen | Senior Citizen |
| 555 days | 7.25 | 7.75 |
| 999 days | 6.50 | 7.00 |
| Tenure | Interest Rates (% p.a.) w.e.f. 10 June 2024 | |
| Non-Callable (For Deposits above Rs. 1 Crore) |
Regular Citizen | Senior Citizen |
| 555 days | 7.40 | 7.90 |
| 999 days | 6.65 | 7.15 |
*Additional interest of 0.50% is not applicable for NRI senior citizen depositors.
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizen | Senior Citizen | |
| 777 days | 7.15 | 7.65 |
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizen | Senior Citizen* | |
| 1111 days | 7.25 | 7.75 |
| 2222 days | 7.00 | 7.50 |
| 3333 days | 7.25 | 7.75 |
*Additional interest of 0.50% is not applicable for NRI senior citizen depositors.
| Tenure | Regular Citizens | Senior Citizen |
| 5 years | 6.50% | 7.00% |
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| Tenure | Interest Rate* (% p.a.) |
| 1 year to less than 2 years | 6.85 |
| 2 years to less than 3 years | 7.00 |
| 3 years to less than 5 years | 6.75 |
| 5 years to 10 years | 6.50 |
| Tenure | Interest Rate* (% p.a.) |
| 1 year to less than 2 years | 7.00 |
| 2 years to less than 3 years | 6.50 |
| 3 years to less than 5 years | 6.00 |
| 5 years to 10 years | 5.75 |
*Additional interest of 0.50% is not provided to senior citizens under NRE Deposit.
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| Tenure | Interest Rates (% p.a.) | ||||
| USD | GBP | EUR | CAD | AUD | |
| 1 year to less than 2 years | 5.85 | 4.76 | 2.00 | 3.77 | 3.70 |
| 2 years to less than 3 years | 4.02 | 3.26 | 1.70 | 3.52 | 3.50 |
| 3 years to less than 4 years | 4.02 | 3.01 | 1.26 | 3.27 | 3.20 |
| 4 years to less than 5 years | 4.02 | 3.01 | 1.26 | 3.27 | 3.20 |
| 5 years only | 4.02 | 3.01 | 1.26 | 3.27 | 3.20 |
| Overdue deposit | 4.85 | 3.76 | 1.00 | 2.77 | 2.70 |
| Period of USD deposit | Interest Rate (% p.a.) (HY Comp.) |
| 6 months to less than 12 months & Savings A/c | 4.85 |
| Overdue deposits | NIL |
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| Tenure | Current Repo Rate | Mark-up Rate | Rate of Interest |
| 1 year to less than 2 years | 6.50% | 0.30 | 6.80% |
| 2 years to less than 3 years | 6.50% | 0.35 | 6.85% |
Note: REPO rate reset will be executed on 10th April, 10th July, 10th October and 10th January or as decided by the bank. Deposit account interest reset will start on the completion of 3 months from the date of account opening. Additional interest of 0.50% will be payable to senior citizens.
In case of overdraft, the drawing power will become zero once set off is in effect. In such a case, the customer has to return the unused cheque leaves to the home bank branch and the bank has to destroy the remaining cheque leaves issued to the account in the system and close the overdraft account.
Central Bank of India customers can avail of the facility of loan against fixed deposit up to 90% of the principal amount and accrued interest. Customers can visit the nearest bank branch to avail the loan facility.
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Before going for any of the aforementioned fixed deposit schemes with Central Bank of India, check the estimated maturity amount using a FD Calculator at Paisabazaar.com. It’s a free online tool that’s can be used several times for different tenures and fixed deposit interest rates. to get results, users will need to provide a few basic details like deposit amount, tenure and the latest FD interest rates corresponding wit the chosen FD tenure.
Q. What is the highest Central Bank of India FD interest rate?
A. The highest fixed deposit interest rate offered by Central Bank of India is 7.30% p.a. for regular individuals for tenure of 444 days.
Q. What is the minimum and maximum tenure for which the customers can open Central Bank of India FD?
A. The minimum and maximum period for which the customers can open Central Bank of India FD is 7 days and 10 years respectively.
Q. Is premature withdrawal facility available for Central Bank of India FD?
A. Yes, premature withdrawal facility available for Central Bank of India FD and penalty of 1% is charged.
Q. What are benefits provided to Senior Citizens under Central Bank of India FD scheme?
A. Central Bank of India offers 0.50% higher interest rate to senior citizens on its fixed deposit schemes.
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