Central Bank of India FD interest rates range from 3.50% to 7.00% p.a. for the general citizens and 4.00% p.a. to 7.50% p.a. for the senior citizens, 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%.
Guaranteed return plans provide assured returns and the security of a life cover. These plans are an excellent option for risk-averse investors, as they are not affected by market fluctuations.
What is the Central Bank of India Fixed Deposit?
Central Bank of India FDs are a scheme where guaranteed returns are offered on a fixed amount deposited in a specified period of time, which is between 7 days and 10 years. The minimum deposit is 100 rupees and is appropriate for individuals, elderly people, minors, companies, and organisations. Interest may be taken monthly, annually, or at maturity. The non-callable deposits have a higher interest rate of up to 7.00% in the case of general citizens and 7.50% in the case of senior citizens.
Information About FDs & Other Options
When choosing an investment, it's important to understand the distinctions between options. Fixed deposits offer guaranteed returns and security, while other products, such as guaranteed return plans and mutual funds, can provide growth opportunities with different degrees of risk.
Information About
Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund
Guaranteed Return Plans, Fixed Deposits & Debt Mutual Fund
Guaranteed Return Plans
Returns Before Tax
6.9%* (TAX-FREE)
Returns After Tax
6.9%*
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
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*For annual premium upto ₹5 Lacs
Central Bank of India Fixed Deposit: Highlights
Deposit tenure
7 days to 10 years
Minimum deposit
₹100
Maximum deposit
₹10 crores
Loan Facility
Up to 90% of the deposited amount is available
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#Premature withdrawal involves penalties as per the bank’s policy; charges and rules differ for callable and non-callable fixed deposits. ~The bank may reduce applicable interest rates or levy charges for loans against fixed deposits.
Central Bank of India FD Latest Updates
The Central Bank of India has a special 1111-day Fixed Deposit at a 7.20% interest rate to senior citizens and 7% to others. It is perfect for the investor who intends to make a long-term investment and gain more profits.
Central Bank of India FD Interest Rates
Here is a summary of the current Central Bank of India FD rates:
Tenure
Regular Rates
Current Rates
Senior Citizen
7 Days to 14 Days
3.50%
4.00%
15 Days to 1 Month
3.75%
4.25%
1 Month to 2 Months
3.75%
4.25%
2 Months to 2 Months
4.50%
5.00%
2 Months to 3 Months
4.50%
5.00%
3 Months to 6 Months
5.00%
5.50%
6 Months to 9 Months
5.50%
6.00%
9 Months to 12 Months
5.50%
6.00%
1.2 Years
6.70%
7.20%
1.5 Years
6.70%
7.20%
1 Year to 2 Years
6.60%
7.10%
2.1 Years
6.70%
7.20%
2.7 Years
6.50%
7.00%
2 Years to 3 Years
6.70%
7.20%
3 Years
6.75%
6.25%
3 Years to 5 Years
6.50%
7.00%
6.1 Years
7.00%
7.50%
9.1 Years
7.00%
7.50%
5 Years to 10 Years
6.50%
7.00%
Maturity Period
General (% p.a.)
Senior Citizens (% p.a.)
7 -14 Days
4.50%
5.00%
15 – 30 Days
4.50%
5.00%
31 - 45 Days
4.50%
5.00%
46 – 59 Days
5.00%
5.50%
60 – 90 Days
5.25%
5.75%
91 – 179 Days
5.25%
5.75%
180 – 270 Days
5.50%
6.00%
271 – 364 Days
5.50%
6.00%
1 Year to less than 2 Years
6.60%
7.10%
2 Years to less than 3 Years
6.70%
7.20%
3 Years to less than 5 Years
6.50%
7.00%
5 Years & above up to 10 Years
6.50%
7.00%
*Central Bank of India FD interest rates w.e.f. 10 July 2025
Types of Central Bank of India Fixed Deposit
Cent Double Deposit Scheme
The CENT Double Deposit is a special fixed deposit & FD scheme that has the facility of doubling the deposit (amount) in about seven-and-a-half years (at the time of its launch) for the benefit of customers.
Minimum deposit (urban): Rs 10,000.
Minimum deposit (rural) : Rs 5,000.
Minimum deposit : Less than Rs. 1 cr.
Loan Facility: up to 90% of the amount deposited.
New cent super 555 days
A special term deposit by the Central Bank of India of a specific tenure of 555 days. It provides good returns in case of a short-term investment.
Interest Compound: Quarterly
Loan Facility: up to 90%
TDS: Applicable
Cent Garima Scheme
Term Deposit in nature, where there is an option of payment of interest on a monthly/quarterly basis, on a cumulative basis. It has a term deposit scheme, opened specifically for 777 days.
Minimum Deposit Amount : Rs. 10,000
Maximum Deposit Amount: Rs. 10,00,00,000
Premature Withdrawal:Allowed, with 1% of the chargeable amount
Interest Received : At monthly/ quarterly intervals or a cumulative type
Cent Uttam
This flexible deposit scheme gives the facility to withdraw partially as and when required, and is convenient and also liquid.
Minimum Deposit Amount: Rs 5,000 (multiples of Rs 1,000)
Maximum Deposit Amount: N/A
Loan Facility: up to 90% available on the deposit amount
Cent Suraksha
This term deposit plan is meant to be for the weaker sections of society under Pradhan Mantri Suraksha Bima Yojana.
Tenure: 5 years to 10 years
Rate of Interest : Senior citizen - 0.5%
/ex-staff /widow-widower of staff: 1.0%
Ex-staff cum Senior citizen : 1.5%
Cent Aspire Deposit Scheme
Depositors under this scheme are provided a free credit card against the bank's fixed deposit of Rs. 20,000 or more.
Tenure: Minimum 1 year to maximum 10 years
Minimum Amount : Rs 20,000/-
Maximum Amount : No limit
CBI Senior Citizen Deposit Scheme
The Central Bank of India has a guaranteed deposit scheme, which is capital secure and gives guaranteed returns to the senior citizens. New and renewed term deposits earn extra interest for senior citizens at a higher rate than the normal rates.
Tenure: Minimum - 15 days; Maximum - 120 months
Nomination Facility : Yes, Available
Auto-sweep Facility : Yes, Available
Interest Earned : 0.5% more than the regular citizens
Central Bank FD Rates Comparison with Other Banks
Bank Name
Lowest Rate
Highest Rate
State Bank Of India
3.05%
6.6%
ICICI Bank
2.75%
6.6%
HDFC Bank
2.75%
6.6%
Axis Bank
3%
6.6%
Punjab National Bank
3.5%
7%
Kotak Mahindra Bank
2.75%
6.6%
Yes Bank
3.25%
7.75%
Bank of Baroda
3.5%
6.6%
IndusInd Bank
3.25%
7%
Indian Bank
2.8%
6.7%
Union Bank of India
3.4%
6.6%
Bank of India
3%
6.6%
Canara Bank
4%
7.25%
IDFC Bank
3%
6.6%
IDBI Bank
3%
6.75%
Indian Overseas Bank
3.5%
6.75%
Bank of Maharashtra
2.75%
6.7%
Central Bank of India
3.5%
7%
Punjab and Sind Bank
3%
6.8%
UCO Bank
2.9%
6.6%
RBL Bank
3.5%
7.2%
PNB Housing Finance
6.79%
7.58%
Federal Bank
3%
6.7%
Bandhan Bank
3%
7.4%
South Indian Bank
2.9%
6.6%
Karur Vysya Bank
4%
6.85%
Tamilnad Mercantile Bank
4%
7.05%
Karnataka Bank
3.5%
6.65%
DBS Bank
2.75%
6.55%
Shriram Finance Ltd
6.79%
7.35%
Bajaj Finance Ltd
6.6%
6.95%
Mahindra Finance Ltd
6.4%
6.8%
Fincare Small Finance
3%
8.61%
Unity Small Finance Bank
4%
7.75%
Suryoday Small Finance Bank
4%
8.2%
DCB Bank
3.75%
7.4%
Equitas Small Finance Bank
3.5%
7.6%
ESAF Small Finance bank
2.75%
7.6%
Karnataka Grameena Bank
3.25%
6.85%
North East Small Finance bank
3.5%
8.5%
Saraswat Bank
3.25%
7%
*FD interest rates w.e.f. August 2025 (for general public, domestic FDs < ₹3 Cr).
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Key Benefits of Central Bank of India Fixed Deposit
Here are some attractive benefits of opening a Central Bank of India FD:
01
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.
Read more
02
Low Entry Amount
You can start an FD with just ₹100, making it accessible to students, small savers, and individuals with limited budgets.
Read more
03
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.
Read more
04
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.
Read more
05
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.
Read more
06
Nomination and Joint Holding
You can nominate someone to receive the deposit amount and open the FD jointly with another person, including minors or senior family members.
Read more
07
Auto Sweep-in/Sweep-out
With the Cent Samvridhi Savings Account, you can opt for an auto sweep-in and sweep-out facility to enjoy higher interest rates in fixed deposits.
Read more
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How to Open a Central Bank of India Fixed Deposit (FD)
Central Bank of India Fixed Deposits offer guaranteed returns suitable for risk-averse investors. You can open a CBI fixed deposit online or offline.
Online FD Account Opening
Offline FD Account Opening
Open the Cent App
Launch the Central Bank of India Mobile Banking.
Verify Identity
Full verification by your Aadhaar and PAN.
Make the Request
Touch the home screen to tap on Service Request.
Select Deposit Type
Click on Open New Time Deposit Account and select the type of deposit as FDR.
Deposit Details
Enter the amount of deposit and choose a tenure of 7 days to 10 years.
Add Your Nominee
Fill in the nominee details.
Choose Your FD Type
Select the type of FD.
Verify the Transaction
Type your password and accept the request.
Visit Branch
Visit any branch of the Central Bank of India.
Submit the Documents
Submit passport-size photographs and passport (for new customers only)
Submit Documents
ID proof, address proof, PAN card, and a passport-size photo.
Form Completion
Fill out the FD application form.
Amount of Deposit
Put in your investment
FD Certificate
Collect your FD certificate after completion
Who Is Eligible to Open a Central Bank FD Account?
The following are the criteria that individuals or companies must fulfill in starting an FD with the Central Bank of India.
Co-account holders.
Resident individuals.
Minors.
Trusts.
Municipalities and panchayats.
Sole proprietary worries.
Illiterate persons.
Members of the Joint Hindu Family.
Charities, schools, and churches.
Partnership firms.
Central Bank FD Interest - Conclusion
The Central Bank of India FD interest rates are tailored with flexible durations from 7 days to 10 years. 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.
What is the Central Bank of India Fixed Deposit rate in 2025?
The latest interest rate as of 19 August 2025, ranges from 3.50% to 7.00% p.a. for the general citizens and 4.00% p.a. to 7.50% p.a. for the senior citizens.
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.
What is the highest interest rate offered by the Central Bank of India?
As of 19 August 2025, the top Central Bank of India FD offers the highest up to 7.50% for senior citizens and 7.00% p.a. For the general citizens
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.
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.
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** The Life Cover amount varies as per plan specifications. Please read the policy document for details.
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
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