Central Bank of India FD Interest Rates 2023

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Central Bank FD Interest Rate for Senior Citizens & Non-Senior Citizens (Domestic)

The following fixed deposit interest rates will apply to domestic Central Bank Of India Fixed Deposit Schemes under ₹2 crore.

Tenure Terms	Interest Rates for Regular Citizens (per annum)	Interest Rates for Senior Citizens (per annum)
7 days to 14 days	3.00%	3.50%
15 days to 30 days	3.25%	3.75%
31 days to 45 days	3.25%	3.75%
46 days to 59 days	4.25%	4.75%
60 days to 90 days	4.25%	4.75%
91 days to 179 days	4.50%	5.00%
180 days to 270 days	5.50%	6.00%
271 days to 364 days	5.50%	6.00%
1 year to less than 2 years	6.75%	7.25%
2 years to less than 3 years	6.50%	7.00%
3 years to less than 5 years	6.00%	6.50%
5 years to 10 years	6.00%	6.50%
Special Tenor Options (Callable or With Withdrawals)	Interest Rates for Regular Citizens (per annum)	Interest Rates for Senior Citizens (per annum)
444 days	7.35%	7.85%
555 days	7.00%	7.50%
999 days	6.50%	7.00%

Central Bank of India FD Calculator

The Central Bank of India offers different FD Interest Rates for different tenor options. You can use the Central Bank of India FD calculator to understand which FD scheme best suits your financial interests.

To calculate the total earnings at maturity, just enter the values of investment capital, interest rates along with the preferred tenor into the Central Bank FD calculator. If you are considering reinvestment plans can use the compound interest calculator to calculate the interest and the maturity amount.

The Central Bank of India Fixed Deposit calculator is easily accessible online and free to use.

Deposit Amount

₹

Tenure

Months

Interest Rate

Interest Payout

Your Total Maturity Amount is

Total Investment

Total Interest Earned

Special Tenor Options for fixed deposits with Non-callable or without withdrawal facility

Special Tenor Options (Non-callable)	Interest Rates for Regular Citizens (per annum)	Interest Rates for Senior Citizens (per annum)
444 days	7.60%	8.10%
555 days	7.25%	7.75%
999 days	6.75%	7.25%

Rates for Fixed Deposits at the Central Bank of India (₹2 crore to ₹10 crore)

Tenor Options	Rates of Interest Per Annum
7 days to 14 days	4.00%
15 days to 30 days	4.00%
31 days to 45 days	4.50%
46 days to 59 days	4.50%
60 days to 90 days	3.50%
91 days to 179 days	4.50%
180 days to 270 days	5.65%
271 days to 364 days	5.65%
1 year but less than 2 years	6.25%
2 years but less than 3 years	5.75%
3 years but less than 5 years	5.50%
5 years and above and up to 10 years	5.50%
555 days	6.75%
999 days	6.50%

Tax Saving FD Rates from the Central Bank of India

Tenor Options	Rates of Interest Per Annum
5 years	6.00%

NRI FD Rates of the Central Bank of India (for International FD Holders)

NRE FD Rates (Less than ₹2 crore)

Tenure Options	Rates of Interest Per Annum
1 year to less than 2 years	6.15%
2 years to less than 3 years	6.00%
3 years to less than 5 years	5.75%
5 years to 10 years	5.75%

NRE FD Rates (₹2 crore to ₹10 crore)

Tenure Options	Rates of Interest Per Annum
1 year to less than 2 years	5.10%
2 years to less than 3 years	5.75%
3 years to less than 5 years	5.50%
5 years to 10 years	5.50%

Central Bank of India FD: Features and Benefits

Some of the top benefits of this fixed deposit scheme include:

The required minimum deposit is ₹100
The FD schemes have tenor options ranging between 7 days and 10 years
You can enjoy attractive Central Bank of India Fixed Deposit rates as an investor
You can add nominees to your deposit
There is a provision for premature withdrawal
You can apply for loans secured by FDs

Eligibility Requirements & Documentation

The following categories of investors are eligible to apply for an FD scheme with the Central Bank of India:

Individuals
Visually Disabled
Illiterate Individuals
Undivided Hindu Families (HUFs)
Charity and educational organisations
Corporations, societies, clubs, businesses, partnership firms, professionals, agents, merchants, and independent traders

Documentations Required

The following documents are necessary to apply for an FD scheme with the Central Bank of India:

Proof of identity
Address proof
For minors and senior citizens, proof of age is required
Two recent passport-sized photographs

Fixed Deposit Schemes Offered by the Central Bank of India for Domestic Investors

The tenor terms for all these schemes range between 7 days to 10 years, with the minimum deposit amount of ₹100 to maximum deposit amount up to ₹2 crores.

Fixed Deposit Receipt (FDR)
Money Multiplier Deposit Certificate (MMDC)
Monthly Interest Deposit Receipt (MIDR)
Quarterly Interest Deposit Receipt (QIDR)
Cent Tax Saving Deposit
Cent Aspire Scheme
Cent Suraksha Deposit
Central Flexi Yield Deposit Scheme

Fixed Deposit Schemes of the Central Bank of India for PIOs and NRIs

The tenor terms for the following schemes typically range between 1 year to 3 years (except Cent 555 and MIDR/QIDR under Cent 555). The minimum deposit amount starts anywhere from between ₹1000 to up to ₹1 crore.

There is an exception for the CENT FCNR with $10,000 as the minimum amount.

Cent 555 Term Deposit
MIDR / QIDR facility under Cent 555
CENT FCNR (B) Premium Plus Deposit Scheme

Fixed Deposit Rates for Other Banks
SBI FD Interest Rates	ICICI Bank FD Rates	Canara Bank FD Rates
Axis Bank FD Rates	PNB FD Interest Rates	Union Bank FD Rates
HDFC FD Interest Rates	Indusind Bank FD Rates	Bank of Baroda Fixed Deposit Interest Rate
Bandhan Bank FD Rates	Indian Bank FD Rates	Federal Bank FD Rates
Kotak Bank FD Rates	Bank of India FD Rates	Karnataka Bank FD Interest Rates
IDFC First Bank FD Rates	RBL FD Rates	UCO Bank FD Rates
IDBI FD Interest Rates	Punjab and Sind Bank FD Rates	DCB Bank FD Rates
Bank of Maharashtra FD Rates	KVB FD Interest Rates	Utkarsh Small Finance Bank FD Rates
IOB FD Interest Rates	Ujjivan Bank FD Rates	Saraswat Bank FD Rates
AU Bank FD Rates	YES Bank FD Rates	-

Disclaimer

The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial investment advice or endorsement of any sort.

The information including interest rates with regard to fixed deposit, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any investment or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

Latest Central Bank FD News

Central Bank of India hikes Interest Rates on Fixed Deposits

The Central Bank of India has reportedly increased the interest rates on fixed deposits under Rs.2 Crores. The revised FD interest rates will be effective from 10th March, 2023. As per the announcement, non-senior citizens can earn interest rates up to 6.75% p.a on Central Bank of India FDs. On the other hand, the interest rate for senior citizens goes up to 7.25% p.a. on fixed deposits less than Rs. 2 Crores.

- Mar 21, 2023

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Monthly Interest on FD

Yes, the Central Bank of India offers an auto-renewal facility on its fixed deposits. This feature allows you to make the most of the current CBI FD interest rate on offer.

The highest interest rate offered by the Central Bank of India is 7.35% p.a. for a tenor period of 444 days. With the CBI FD calculator, you can know exactly how much you can expect to earn within seconds.

The Central Bank of India FD’s minimum tenor period is 7 days and the maximum tenor period is 10 years. Do note that you tenor affects your earnings, and you should pick a longer tenor to make the most of the higher CBI FD rates for senior citizens.

Yes, the Central Bank of India FDs offer a premature withdrawal option with a penalty of 1% interest rate levied on the FD.

A key benefit is that the Central Bank of India’s interest rates for senior citizens is higher than the base rate. You get an additional 0.50% p.a.

The Central Bank of India FD interest rates for tenors of 7 days to 10 years are between 3.00% and 7.35% p.a. The interest rate for the tax saving FDs is 6% for a period of 5 years and the Central Bank of India senior citizen FD rates are higher than the base rate offered.