Flexi Fixed Deposit Central Bank of India 

Explore Guaranteed Return Plans

Guaranteed return plans provide fixed returns and the security of life insurance. These plans are a suitable option for risk-averse investors, as they are not affected by market conditions.

What is a Central Bank of India Flexi Deposit?

Flexi Deposit Central Bank of India is a secured investment facility offering liquidity and higher returns. Under the Central Bank Flexi Yield Deposit Scheme, any balance above ₹50,000 is automatically swept into the Flexi Fixed Deposit in multiples of ₹5,000 from your savings account. Similarly, Cent Samvridhi Current Account requires a threshold deposit of ₹2,00,000. Surplus funds above this are swept into your Flexi FD in multiples of ₹25,000. If your balance drops below the set threshold, the required amount is swept out from the deposit, ensuring funds remain accessible when needed. 

Central Bank of India Flexi Deposit Interest Rates

Flexi Fixed Deposit Interest rates are the same as the regular Central Bank of India FD rates. Below is the rate table for Flexi Fixed Deposits:

Central Bank of India Flexi Deposit Interest Rates for Deposits Below ₹3 Crores

*Central Bank of India FD interest rates w.e.f. July 10, 2025

To explore comparative options, check the FD interest rates in India.

Key Features of Central Bank Flexi Fixed Deposit

The Central Bank of India Flexi Fixed Deposit has several benefits, making it a smart and convenient investment option. Here's a look at what it offers:

• Better Returns: With a Flexi Fixed Deposit, you earn higher interest on surplus funds than in a regular savings account. Based on the applicable tenure, the rates go up to 6.70% for general citizens and 7.20% for senior citizens.
• Retains Liquidity: Unlike traditional FDs, funds in a Flexi FD remain accessible in emergencies or routine expenses through the linked savings account.
• No Upper Limit on Deposit: There is no upper limit on how much you can deposit, as long as you meet the minimum requirement set by the Central Bank of India.
• Auto-Renewal with 90-Day Deposit Period: The maximum deposit period is 90 days under the Cent Samvridhi Current Account. On maturity, the FD is auto-renewed, and both principal and interest are credited to the linked current account.

How to Open a Central Bank of India Flexi Fixed Deposit?

You can open a Flexi Deposit at the Central Bank of India online or at a branch. Existing customers can book it directly. New customers must open a savings account first and link the Flexi Deposit.

1. Online FD Account Opening

   You can book a Central Bank of India FD online if you are an existing customer with NetBanking or the Cent Mobile app.

   • NetBanking or Cent Mobile App: Log in to your Central Bank of India NetBanking with your credentials or open the Cent Mobile app.
   • Go to ‘Fixed Deposit’: Tap on 'Term Deposit/Fixed Deposit' and then select 'Open FD'.
   • Select FD Amount: Select your account and enter the amount (starting from ₹1,000).
   • Select FD Type: Choose a deposit type, such as a cumulative (reinvestment) or non-cumulative (interest payout) FD.
   • Maturity Instructions: Select options for auto-renewal, interest payout frequency, or payout at maturity.
   • Review & Confirm: Check all details, accept the terms & conditions, and submit.
   • FD Receipt: Generate and print the term deposit receipt (e-TDR) instantly.

2. Offline FD Account Opening

   If you prefer the offline process, you can visit your nearest Central Bank of India branch to book a fixed deposit with the flexi facility.

   • Visit Central Bank of India Branch: Visit a Central Bank of India branch with your PAN/Aadhaar and cheque/cash.
   • Central Bank of India FD Form: Fill out the Term Deposit form at the branch.
   • Submit Documents: Submit the required KYC proofs if you are a new customer.
   • Fund Transfer/Deposit: Deposit the FD amount (minimum ₹1,000) digitally, through cheque, or cash.
   • Tenure & Interest Options: Choose the tenure (7 days to 10 years) and interest payout frequency.
   • Get the FD Receipt: Central Bank of India will issue a Term Deposit Receipt (TDR) as confirmation.

Difference Between Flexi Fixed Deposits and Regular Fixed Deposits

Here’s a quick comparison of the key features between Central Bank of India’s Regular Fixed Deposits and Flexi Fixed Deposits:

Key Takeaways

Central Bank of India Flexi Fixed Deposit is a smart way to earn higher returns without locking your money for a fixed term. Flexi deposits are the right option for growing your money with interest income higher than regular FDs. It is suitable for salaried individuals, business owners, and anyone who maintains a consistent account balance. It also helps you avoid the Central Bank of India FD premature withdrawal, as only the needed amount is withdrawn, and the rest of the deposit continues to earn interest.