Fixed Deposit Rate of Central Bank of India

Tenure Interest Rates for Regular Deposit Interest Rates for Senior Citizen
7 days to 14 days 4.75% 5.25%
15 days to 30 days 5.50% 6.00%
31 days to 45 days 5.50% 6.00%
46 days to 59 days 5.50% 6.00%
60 days to 90 days 5.50% 6.00%
91 days to 179 days 6.50% 7.00%
180 days to 270 days 6.50% 7.00%
271 days to 364 days 6.50% 7.00%
1 year to 1 year 364 days 6.60% 6.10%
2 years to 2 years 364 days 6.50% 7.00%
3 years to 4 years 364 days 6.50% 7.00%
5 years to 10 years 6.50% 7.00%

Central Bank of India Fixed Deposit Calculator

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Central Bank of India FD Rates

Central Bank, established in the year 1911 and comes under the category of Government-owned banks offering attractive interest rates on various schemes. The section of the article below highlight the key points of Central Bank FD interest rates.

FD in Central bank is expenditure in which the interest rates are assured not to change for the specified term, so you know the exact value of your investment in hand. Banking assistance is available for all places, including private and business clients. Even, there exist professional services for the non-resident Indians, experts, ladies, and also the agricultural sector.

The Central Bank of India FD rates offers the fixed deposit interest rates given that they deeply vary from each other based on their terms. The perfect to go period is one-two years. This session offers the maximum rates of interest up to 7.00%. The rates offered at other events are similarly decent enough let’s assume for above two years as high as 7.00 % and just a 6.90 % for the period less than a year.

The rates of interest for this fiscal equipment are much more than accounts savings rates of interest, yet they lack behind in offering required liquidity. Even though one could avail a loan of it, still one cannot retreat whatever sum one likes whenever people need.


Central Bank of India Fixed Deposit Rates

It is advisable to reconfirm the FD Rates from the bank before making any decision on basis of data provided below.

For Domestic Deposits - Less than Rs. 1cr (As on Apr 26, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
General Senior Citizen
7 days to 14 days Less than Rs. 1cr 4.75 5.25
15 days to 30 days Less than Rs. 1cr 5.5 6
31 days to 45 days Less than Rs. 1cr 5.5 6
46 days to 59 days Less than Rs. 1cr 5.5 6
60 days to 90 days Less than Rs. 1cr 5.5 6
91 days to 179 days Less than Rs. 1cr 6.5 7
180 days to 270 days Less than Rs. 1cr 6.5 7
271 days to 364 days Less than Rs. 1cr 6.5 7
1 year to less than 2 years Less than Rs. 1cr 6.6 7.1
555 days Less than Rs. 1cr 6.5 7
2 years to less than 3 years Less than Rs. 1cr 6.5 7
777 days Less than Rs. 1cr 6.5 7
3 year to less than 5 years Less than Rs. 1cr 6.5 7
5 years & above upto 10 year Less than Rs. 1cr 6.5 7

 

For Domestic Deposits - Rs. 1 cr to Rs. 10 cr (As on Jun 30, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
General Senior Citizen
7 days to 14 days Rs. 1 cr to Rs. 10 cr 4.25 4.75
15 days to 30 days Rs. 1 cr to Rs. 10 cr 5.25 5.75
31 days to 45 days Rs. 1 cr to Rs. 10 cr 5.25 5.75
46 days to 59 days Rs. 1 cr to Rs. 10 cr 5.25 5.75
60 days to 90 days Rs. 1 cr to Rs. 10 cr 5.25 5.75
91 days to 179 days Rs. 1 cr to Rs. 10 cr 5.25 5.75
180 days to 270 days Rs. 1 cr to Rs. 10 cr 5.25 5.75
271 days to 364 days Rs. 1 cr to Rs. 10 cr 5.25 5.75
1 year  to less than 2 years Rs. 1 cr to Rs. 10 cr 5.25 5.75
2 years to less than 3 years Rs. 1 cr to Rs. 10 cr 5 5.5
3 year to less than 5 years Rs. 1 cr to Rs. 10 cr 5 5.5
5 years and above upto 10 years Rs. 1 cr to Rs. 10 cr 5 5.5

 

Tax Saver FD (Max Deposit - 1 LPA)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
General Senior Citizen
CENT Tax Saving Deposit - 5 Years Upto Rs. 1 lakh 6.5 7

 

Tax Implications

  1. The amount invested in Fixed Deposit with a tenure of 5 years with Central Bank of India is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.
  2. The applicable tax will be deducted at source, i.e. Central Bank of India, in case the annual interest earned crosses Rs. 10,000.

 

For NRO Fixed Deposit - Less than Rs. 1cr (As on Apr 26, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
7 days to 14 days Less than Rs. 1cr 4.75
15 days to 30 days Less than Rs. 1cr 5.5
31 days to 45 days Less than Rs. 1cr 5.5
46 days to 59 days Less than Rs. 1cr 5.5
60 days to 90 days Less than Rs. 1cr 5.5
91 days to 179 days Less than Rs. 1cr 6.5
180 days to 270 days Less than Rs. 1cr 6.5
271 days to 364 days Less than Rs. 1cr 6.5
1 year to less than 2 years Less than Rs. 1cr 6.6
555 days Less than Rs. 1cr 6.5
2 years to less than 3 years Less than Rs. 1cr 6.5
777 days Less than Rs. 1cr 6.5
3 year to less than 5 years Less than Rs. 1cr 6.5
5 years & above upto 10 year Less than Rs. 1cr 6.5

 

For NRO Fixed Deposit - Rs. 1 cr to Rs. 10 cr (As on Jun 30, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
7 days to 14 days Rs. 1 cr to Rs. 10 cr 4.25
15 days to 30 days Rs. 1 cr to Rs. 10 cr 5.25
31 days to 45 days Rs. 1 cr to Rs. 10 cr 5.25
46 days to 59 days Rs. 1 cr to Rs. 10 cr 5.25
60 days to 90 days Rs. 1 cr to Rs. 10 cr 5.25
91 days to 179 days Rs. 1 cr to Rs. 10 cr 5.25
180 days to 270 days Rs. 1 cr to Rs. 10 cr 5.25
271 days to 364 days Rs. 1 cr to Rs. 10 cr 5.25
1 year to less than 2 years Rs. 1 cr to Rs. 10 cr 5.25
2 years to less than 3 years Rs. 1 cr to Rs. 10 cr 5
3 year to less than 5 years Rs. 1 cr to Rs. 10 cr 5
5 years and above upto 10 years Rs. 1 cr to Rs. 10 cr 5

 

For NRE Fixed Deposit - Less than Rs. 1cr (As on Apr 26, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
1 year to less than 2 years Less than Rs. 1cr 6.6
555 days MMDC Less than Rs. 1cr 6.5
2 years to less than 3 years Less than Rs. 1cr 6.5
777 days MMDC Less than Rs. 1cr 6.5
3 year to less than 5 years Less than Rs. 1cr 6.5
5 years and above upto 10 years Less than Rs. 1cr 6.5

 

For NRE Fixed Deposit - Rs. 1 cr to Rs. 10 cr (As on Apr 26, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
1 year to less than 2 years Rs. 1 cr to Rs. 10 cr 5.5
2 years to less than 3 years Rs. 1 cr to Rs. 10 cr 5.1
3 year to less than 5 years Rs. 1 cr to Rs. 10 cr 5
5 years and above upto 10 years Rs. 1 cr to Rs. 10 cr 5

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