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Central Bank of IndiaFixed Deposit

2.75% - 5.00%
Interest rates
3 months - 10 years
Time Period
5000 - no limit
Min. - Max amount
QUARTERLY
Compounding

About Central Bank of India

Central Bank of India is a nationalized bank in India. It is managed/owned by the Government of India (Ministry of Finance) and is one of the oldest and largest nationalised banks in India. 

Often because of its name 'Central Bank of India,' it is confused with the Reserve Bank of India. The bank has a vast network of 4,608 branches, 3,644 ATMs, ten satellite offices and one extension counter as of 31 March 2021.

Central Bank of India offers multiple FD schemes with attractive interest rates so that customers can get maximum returns by parking their surplus savings. The customer is required to deposit the amount once at the time of opening the account. The Central Bank of India FD rates depends on what tenure you choose. 

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Started On1911
Head QuartersMumbai
CRISIL RatingNA
CEOMatam Venkata Rao
Listed on exchange asCentral Bank of India
ICRA RatingNA

Latest Central Bank of India Interest Rates

TenureRegular customersSenior citizens
7 -14 days
2.75
3.25
15 - 30 days
2.90
3.40
31 - 45 days
2.90
3.40
46 - 59 days
3.25
3.75
60 - 90 days
3.25
3.75
91 - 179 days
3.90
4.40
180 - 270 days
4.25
4.75
271 - 364 days
4.25
4.75
1 yr - less than 2 yrs
4.90
5.40
2 yr - less than 3 years
5.00
5.50
3 yr - less than 5 years
5.00
5.50
5 years & above up- 10 years
5.00
5.50

Features & Benefits of Central Bank of India

  • The tenure ranges from 7 days to 10 years
  • Loan facility of up to 90% is available
  • Nomination facility is available
  • The minimum amount required to open an FD with Central Bank is Rs. 5000
  • Easy and fast liquidity options are available
  • All Central Bank FD schemes offer competitive interest rates
  • Senior citizens can avail 50% extra interest rates over the regular FD rate

Types of Central Bank of India Schemes

Cent Double Deposit Scheme
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Cent 555 Term Deposit
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Cent 777
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Cent Uttam
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Central Bank of India Tax Saving Deposit
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Cent Aspire Scheme
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Cent Suraksha Deposit
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Senior Citizen Deposit Scheme
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Term-wise interest rates

Short-Term Deposits
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Medium-Term Deposits
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Long-Term Deposits
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Comparison of FD Rates

NameTenureInterest rate
AXIS Bank
3 months - 10 years
2.50% - 5.75%
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SBI Bank
3 Months - 10 Years
2.90% - 5.40%
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Equitas Bank
3 months - 10 years
3.50% - 6.50%
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Bajaj Finance
1 year - 5 years
5.65% - 6.50%
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HDFC Bank
3 months - 10 years
2.50% - 5.50%
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ICICI Bank
3 months - 10 years
2.50% - 5.50%
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Canara Bank
3 months - 10 years
2.95% - 5.50%
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Bank of Baroda
3 months to 10 years
2.80% - 5.25%
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Punjab National Bank
3 months - 10 years
3.00% - 5.25%
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IDBI Bank
3 months - 20 years
2.70% - 4.80%
More Details
Indian Bank
3 months - 10 years
2.90% - 5.25%
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UCO Bank
3 months - 10 years
2.75% - 5.00%
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Yes Bank
3 months - 10 years
3.25% - 6.50%
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Bank of India
3 months - 10 years
2.85% - 5.15%
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Post Office
1 year - 5 years
5.50% - 6.70%
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Union Bank of India
3 months - 10 years
3.00% - 5.60%
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RBL Bank
3 months -20 years
3.25% - 6.00%
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Indian Overseas Bank
3 months - 10 years
3.40% - 5.20%
More Details
IDFC First Bank
3 months - 10 years
2.75% - 4.20%
More Details
LIC
1 Year - 5 Years
5.25% -6.00%
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Saraswat Bank
3 Months - 10 Years
3.10% - 6.35%
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City Union Bank
3 Months - 10 Years
3.00% - 5.25%
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Co-operative Banks
1 Year -5 Years
6.00% - 6.35%
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Bandhan Bank
3 months - 10 years
3.00% - 5.00%
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DBS Bank
3 months - 10 years
2.50% - 5.50%
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Citibank
3 months - 5 years
1.85% - 3.5%
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ICICI Home Finance
1 year - 10 years
5.70% - 6.65%
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Federal Bank
3 months - 10 years
2.5% - 5.6%
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AU Small Finance Bank
3 months - 10 years
3.5% - 6.25%
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Fincare Small Finance Bank
3 months - 7 years
3.00% - 5.50%
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Jana Small Finance Bank
3 months - 10 years
2.5% - 6%
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Ujjivan Small Finance Bank
3 months - 10 years
3.05% - 5.80%
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Utkarsh Small Finance Bank
3 months - 10 years
3.00% - 6.75%
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Karnataka Bank
3 months - 10 years
3.40% - 5.60%
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Karur Vysya Bank
3 months - 10 years
3.25% - 3.50%
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Jammu and Kashmir Bank
3 months - 10 years
2.90% - 4.00%
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South Indian Bank
3 months - 10 years
3.50% - 5.50%
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Punjab and Sind Bank
3 months - 10 years
3.00% - 5.30%
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Standard Chartered Bank
7 days - 5 years
1.75% - 5.35%
More Details
HSBC Bank
7 days - 5 years
2.25% - 4.00%
More Details
Shriram Transport Finance
1 year - 5 years
7.01% - 7.95%
More Details
Tamilnad Mercantile Bank
3 months - 10 years
3.50% - 5.50%
More Details
IndusInd Bank
3 months - 10 years
2.50% - 5.50%
More Details
Bank of Maharashtra
3 months to 10 years
2.75% -4.90%
More Details
Kotak Mahindra Bank
3 months - 10 years
2.50% - 5.25%
More Details
DHFL
1 year - 10 years
8.25% - 8.95%
More Details
DCB Bank
3 months - 10 years
4.35% - 5.95%
More Details

FAQs

Is premature withdrawal allowed in CBI FD?

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What is the minimum deposit required for the Central Bank of India FD?

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Are senior citizens liable for additional interest earnings?

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Can investors deposit additional sums in an existing FD?

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Can investors change the maturity period for an FD after investing?

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What is the minimum and maximum tenure for Central Bank FD investments?

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Are minors eligible for FD investment at the bank?

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Calculate Central Bank of India FD Interest
Investment Amount
₹25,000
Time Period
9 Months
1 Year
2 Years
3 Years
Maturity Amount
Central Bank of India
0
@4.9% p.a
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