Central Bank of India FD Interest Rates 2025
Central Bank of India FD interest rates range from 3.50% to 8.0% per year, varying based on the deposit period, amount, and type of customer. Tenures for the various options for deposits offered by the bank range from 7 days to 10 years. An additional interest of 0.50% is offered to senior citizens for all tenures. Super-senior citizens get 0.75% extra, while ex-staff super-senior citizens are offered an interest of up to 1.75%. Here, we discuss the details of the Central Bank of India FD and the latest Central Bank of India FD rates, as well as other relevant details, so that you can make well-informed financial decisions.
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FD Interest Rates
- Central Bank of India FD Rates
What is the Central Bank of India Fixed Deposit?
Central Bank of India FDs are term deposit products where you place a fixed sum of money for a chosen duration and earn guaranteed interest. It is suitable for individual investors, senior citizens, minors, firms, and institutions. The minimum deposit amount is ₹100, and you can invest in multiples of ₹100 thereafter. You can choose the deposit period between 7 days and 120 months. Interest is paid based on your preferred option like monthly, yearly, or on maturity. Central Bank’s non-callable deposits have a higher annualised yield of up to 7.50% for general citizens and 7.98% for senior citizens.
Information About
Guaranteed Return Plans
Returns Before Tax
7.1% (TAX-FREE)
Returns After Tax
7.1%
Guaranteed Returns
Yes
Life Cover
Yes
Tax on Profit
Tax Free*
Risk
No Risk
Fixed Deposits
Returns Before Tax
7% (TAXABLE)
Returns After Tax
4.8%
Guaranteed Returns
Yes
Life Cover
No
Tax on Profit
Taxable
Risk
Low Risk
Debt Mutual Fund
Returns Before Tax
8% (TAXABLE)
Returns After Tax
5.5%
Guaranteed Returns
No
Life Cover
No
Tax on Profit
Taxable
Risk
High Risk
*For annual premium upto ₹5 Lacs
Key Benefits of Central Bank of India Fixed Deposit
Here are some attractive benefits of opening a Central Bank of India FD:
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Flexible Tenure Options:
You can choose any deposit period from 7 days to 10 years. This makes it suitable for both short-term savings and long-term planning.
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Low Entry Amount:
You can start an FD with just ₹100, making it accessible to students, small savers, and individuals with limited budgets.
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Additional Interest for Senior Citizens:
Senior citizens usually get 0.50% higher interest on eligible deposit tenures while super-senior citizens get 0.75% extra. This applies to aggregate deposits up to ₹10 crore.
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Auto-Renewal on Maturity:
If you forget to renew your deposit, the bank automatically renews it for the same period at the current rate of interest.
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Loan Facility Against FD:
You can get a loan or advance against your FD up to 90% of the deposit value, allowing access to funds without breaking the deposit. The interest rate is 1% more than the rate that was promised for the term deposit.
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Pre-closure Facility:
The Central Bank of India permits premature closure of fixed deposits in case of emergencies, subject to applicable terms and conditions. For deposits exceeding ₹5 lakh, a penalty interest of 1% is levied on the applicable interest rate at the time of withdrawal. Deposits up to ₹5 lakh are exempt from this penalty.
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Nomination and Joint Holding:
You can nominate someone to receive the deposit amount, and also open the FD jointly with another person, including minors or senior family members.
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Auto Sweep-in/Sweep-out:
With Cent Samvridhi Savings Account, you can opt for an auto sweep-in and sweep-out facility to enjoy higher interest rates in fixed deposits.
Central Bank of India FD Interest Rates
Here is a summary of the current Central Bank of India FD rates:
Domestic Term Deposit Rates (Below ₹3 Crore)
| Maturity Period | General (% p.a.) | Senior Citizens
(% p.a.) |
| 7 – 14 days | 3.50 | 4.00 |
| 15 – 30 days | 3.75 | 4.25 |
| 31 – 45 days | 3.75 | 4.25 |
| 46 – 90 days | 4.50 | 5.00 |
| 91 – 179 days | 5.25 | 5.75 |
| 180 – 270 days | 6.25 | 6.75 |
| 271 – 364 days | 6.25 | 6.75 |
| 1 year to < 2 years | 6.85 | 7.35 |
| 2 years to < 3 years | 7.15 | 7.65 |
| 3 years to < 5 years | 6.75 | 7.25 |
| 5 years to 10 years | 6.75 | 7.25 |
*Central Bank of India FD interest rates w.e.f. April 10, 2025
Special Term Deposit Rates (Callable)
| Period (Days) | General (% p.a.) | Senior Citizens (% p.a.) |
| 444 | 7.30 | 7.80 |
| 555 | 7.10 | 7.60 |
| 999** | 6.50 | 7.00 |
| 777 (Garima)*** | 7.15 | 7.65 |
| 1111 (Green) | 7.25 | 7.75 |
| 2222 (Green) | 7.25 | 7.75 |
| 3333 (Green) | 7.50 | 8.00 |
*Central Bank of India FD interest rates w.e.f. April 10, 2025
**Central Bank of India FD interest rates w.e.f. April 10, 2023
***Central Bank of India FD interest rates w.e.f. August 10, 2023
Special Term Deposit Rates (Non-Callable, Deposits > ₹1 Cr)
| Period (Days) | General (% p.a.) | Senior Citizens (% p.a.) |
| 444 | 7.45 | 7.95 |
| 555 | 7.25 | 7.75 |
| 999** | 6.65 | 7.15 |
*Central Bank of India FD interest rates w.e.f. April 10, 2025
**Central Bank of India FD interest rates w.e.f. April 10, 2023
FD interest rates India have fallen consistently over the last 12 years.
How to Open a Central Bank of India Fixed Deposit (FD)
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Visit the Branch
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Go to any Central Bank of India branch.
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Submit ID and address proof, PAN card, and a passport-size photo.
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Fill out the FD application form.
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Deposit the amount and collect your FD certificate.
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Check Online Options (if available)
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Open the Central Bank of India Mobile Banking app
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Click on the “Service Request” on the Home Screen
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Select “open new time deposit account”
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Select the type of deposit, i.e., “FDR”
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Enter the deposit amount and select the tenure (7 days to 10 years).
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Add your nominee details.
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Choose the FD type (cumulative, monthly payout, etc.) and interest payout option.
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Enter the transaction password and confirm
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Documents Required for Central Bank of India FD
Here’s a checklist of documents required (especially for new customers) to open a Central Bank of India Fixed Deposit through online or offline modes:
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Photographs
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Recent passport-size photographs of the applicant(s)
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Proof of Identity (Any one of the following):
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Aadhaar Card
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PAN Card
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Passport
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Voter ID
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Proof of Address (Any one of the following):
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Aadhaar Card
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Recent utility bills (electricity, water, etc.)
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Bank statement with current address
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Proof of Age (Mandatory for senior citizens and minors):
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Birth certificate
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School leaving certificate
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PAN or Aadhaar (if applicable)
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Note: If you already hold an account with the bank, some documents may be waived.
All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Taxation on Central Bank of India FD Interest
TDS is applicable on the Central Bank of India FD interest income. For general customers, TDS is deducted if interest exceeds ₹50,000 per year as per Section 194A. For senior citizens, the threshold is ₹1,00,000. Submitting Form 15G or 15H can help avoid TDS deduction, if eligible.
Key Takeaways
The Central Bank of India FD interest rates are tailored with flexible durations from 7 days to 120 months. You can open an account with as little as ₹100, and 0.50% additional interest is offered for senior citizen deposits. Various special FD interest rates for a particular period are available. Nomination, premature closure, and loan facilities are also provided as value additions for customers. Central Bank of India also offers additional interest rates (up to 1.75%) for ex-staff super-senior citizens.
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FAQs
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What is the minimum amount required for the Central Bank of India FD?
You only need to invest ₹100 to open a Central Bank of India FD. With such little needed to start, this makes saving possible for anyone, such as students and beginners. -
What is the highest interest rate offered by the Central Bank of India?
As of April 2025, the top Central Bank of India FD offer will pay 8.00% interest to senior citizens investing in the 3333-day Green Deposit scheme. The general customer rate is 7.50%. -
Do senior citizens get extra interest from the Central Bank of India?
Yes, senior citizens living in the country get an extra 0.50% on both special and regular deposits from the Central Bank of India, depending on the amount invested, up to ₹10 crore. The highest interest rate for senior citizens is under the ‘ex-staff super-senior citizens’ category, which goes up to 1.75%. -
Can I take a loan against my Central Bank of India FD?
You may get a loan for up to 90% of your deposit amount from the Central Bank of India. As a result, customers can get their money out faster than they could if they broke the deposit too early. Note that you have to pay the applicable interest (usually around 1% p.a.) on your loan against FD. -
What is the maximum tenure available for Central Bank of India FDs?
FD holders with the Central Bank of India may invest for up to 120 months or 10 years. Your goal should determine whether the period is between 7 days and as long as 10 years. -
Is premature withdrawal allowed in Central Bank of India FDs?
Yes, the Central Bank of India allows you to take out your fixed deposit funds before the maturity date. The last cost of interest on the loan can be changed, and a penalty (typically 1% on interest earned) may also be subtracted, following the bank’s rules. -
Can I auto-renew my Central Bank of India FD at maturity?
You can choose to have your Central Bank of India FD automatically renew at the time you place your booking. The deposit will get a new term at prevailing rates.
*All savings are provided by the insurer as per the IRDAI approved
insurance plan. Standard T&C Apply
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable
tax slabs post 31st march 2023
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