Central Bank of India Special FD Schemes

What Are the Central Bank of India Special FD Schemes?

Central Bank of India offers a range of special FD schemes, such as the 444 Days, 555 Days, 777 Days, and Cent Green Deposit options, each designed with fixed tenures and flexible payout choices. These special schemes provide competitive Central Bank of India FD interest rates, making them a reliable choice for investors who want stable and predictable returns across different investment periods.

Central Bank of India Special FD Schemes Rates

Central Bank of India special fixed deposits offer higher interest rates than regular savings and standard FD accounts. Senior citizens also get higher returns under these schemes. Below are the latest special FD rates for deposits from ₹1 crore to less than ₹3 crore:

Central Bank of India 444 Days FD Interest Rates

The 444 Days FD is a special deposit scheme available in two variants: callable and non-callable.

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

Central Bank of India 555 Days FD Interest Rates

The 555 Days FD is designed for investors who prefer a slightly longer tenure for improved returns, and it is available in both callable and non-callable options to suit different investment preferences.

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

Central Bank of India 777 Days FD Interest Rates

This long-tenure special FD scheme runs for 777 days, which is about 2.13 years, and offers attractive interest rates suitable for medium-term wealth building.

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

CENT Green Deposit Scheme Interest Rates

The CENT Green Deposit Scheme is offered in three versions with tenures of 1111 days, 2222 days, and 3333 days. Each option provides steady returns while supporting environmentally focused initiatives.

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

Illustrations for Central Bank of India Special FD Schemes

To help investors understand how maturity values are calculated, here are sample illustrations based on current FD interest rates:

Illustration 1: Central Bank of India 444 Days FD

The following illustration explains the returns for the callable version of the 444 Days FD.

For a deposit of ₹1,00,000 at 6.50% p.a. for 444 days, the returns are as follows:

Simple Interest Calculation (General Citizen, 6.50%)

SI = (₹1,00,000 × 6.50 × 1.22) / 100
SI = ₹7,930

Maturity Amount = ₹1,00,000 + ₹7,930 = ₹1,07,930

Compound Interest Calculation (Quarterly Compounding, 6.50%)

A = ₹1,00,000 × (1 + 0.065/4)^(4 × 1.22)
A ≈ ₹1,08,170

Compound Interest = ₹8,170

Illustration 2: Central Bank of India 777 Days FD

For a deposit of ₹2,00,000 at 6.50% p.a. for 555 days, the returns are as follows:

Simple Interest Calculation (General Citizen, 6.50%)

Tenure in years = 555 ÷ 365 = 1.52 years

SI = (₹2,00,000 × 6.50 × 1.52) / 100
SI = ₹19,760

Maturity Amount = ₹2,00,000 + ₹19,760 = ₹2,19,760

Compound Interest Calculation (Quarterly Compounding, 6.50%)

A = ₹2,00,000 × (1 + 0.065/4)^(4 × 1.52)
A ≈ ₹2,20,260

Compound Interest = ₹20,260

Key Features of Central Bank of India Special FD Schemes

The Central Bank of India offers a range of special fixed deposit schemes, each designed with specific tenures and features to meet different investment needs. The key features of these schemes include:

• Low Minimum Deposit: Central Bank of India’s special FD schemes can be opened with a minimum deposit of ₹100, making them accessible for small savers and first-time investors.
• Auto-Renewal Convenience: Central Bank of India automatically renews the special FD on maturity for the same tenure at the prevailing interest rate, ensuring the deposit continues without interruption even if the customer forgets to renew it.
• Loan Facility Against FD: The bank allows customers to access funds through the Central Bank of India loan against FD facility, offering up to 90% of the deposit amount as a loan. This helps meet urgent financial needs without closing the fixed deposit.
• Flexible Payout Options: Investors can choose between cumulative deposits, where interest is paid at maturity, and non-cumulative deposits, with interest credited monthly or quarterly. This flexibility helps customers plan for regular income or long-term growth based on their financial needs.

Wrapping Up

Central Bank of India offers special FD schemes such as the 444 Days, 555 Days, 777 Days, and Cent Green Deposit options. The interest rates range from 6.50% to 7.25% for general citizens. Most of these schemes come in both callable and non-callable variants, giving investors more choice. You can select cumulative or non-cumulative payouts based on your preference. The bank also provides a loan facility against FD and permits premature withdrawal under defined conditions. These features make the special FD schemes useful for building savings across different time frames.