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    CENT Uttam Scheme  and 2 other FDs

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    4.75% - 7.1% Quarterly compounding
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    Response Time Within 30 minutes
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    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6.5% - 6.6% Quarterly compounding
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    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
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    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Get Rate
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know

    CENT Uttam Scheme is Rated as "Great!" by 20 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

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    Check your Eligibility!

    The CENT Uttam Scheme is one of the fixed deposit schemes offered by the Central Bank of India. The Central Bank of India was the first commercial bank in India established in 1911 which had the distinction of being wholly owned and successfully operated by Indians. The Central Bank of India was nationalised in 1969. The CENT Uttam scheme provides customers with various benefits such as high returns and easy liquidity. The CENT Uttam scheme is also flexible in that customers can withdraw a part of their deposit amount according to their financial requirements. Under the CENT Uttam scheme, customers withdraw some ‘units’ (deposit amount) in case they require liquidity. It is important to note that the withdrawn amount has no bearing on the remaining deposit amount in that the same interest rate applies on the amount till maturity (10 ‘unit withdrawals’ can be made throughout the period of the scheme).

    Eligibility Criteria for applying for CENT Uttam Scheme

    CENT Uttam Scheme can be availed by Indian citizens. Please contact bank representatives for details.

    Features of CENT Uttam Scheme

    The salient features of CENT Uttam Scheme are listed in the table below:

    Account Type

    J Single

    Amount

    Minimum: Rs.5,000 (multiples of Rs.1,000)

    Maximum: N/A

    Rate of Interest

    The rate of interest will depend on the deposit date and period

    Period

    Minimum: 30 days

    Maximum: 120 months

    TDS

    N/A

    Loan against Sscheme

    Available according to prevailing deposit regulations

    Nomination (if any)

    N/A

    Auto Renewals

    N/A

    CENT Uttam Scheme Interest Rates

    The Central Bank of India offers varying interest rates for its fixed deposit customers under various schemes in that rates may range from 5% to 9% depending on the deposit amount and the total period for which the deposit is held by the bank. Customers should consult officials of Central Bank of India for further details regarding interest rates.

    *Interest rates are subject to change without prior warning. Contact the bank for further information. Rates are as of January 2016.

    CENT Uttam Scheme FAQs

    1. What is CENT Uttam Scheme?

      The CENT Uttam Scheme is one of the fixed deposit schemes offered by the Central Bank of India.

    2. What is the minimum deposit amount under the CENT Uttam Scheme?

      The minimum deposit amount under the scheme is Rs.5000.

    3. What is the minimum and maximum deposit period under the CENT Uttam Scheme?

      The minimum and maximum deposit period under the CENT Uttam Scheme is 30 days and 120 months respectively.

    4. What are the main benefits offered by the CENT Uttam Scheme?

      The CENT Uttam Scheme offers various benefits to customers such as high returns and easy liquidity.

    5. Can customers avail of loan against the CENT Uttam Scheme?

      Yes. Customers can take a loan against CENT Uttam Scheme, subject to prevailing terms and conditions.

    Useful Information on Central Bank of India Fixed Deposit

    Other Fixed Deposit Schemes Offered by CBI

    Special FD Schemes

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    • CENT Uttam Scheme Reviews

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    • Central Bank of India Fixed Deposit
      "CBI is the best bank for Fixed Deposit"
      0.5 4.5/5 "Excellent!"
      HI! This is Santosh, I had been using from last 8 years with best service without any issue. This Bank Fixed Deposit rate of interest is higher then other banks. The Banking and services are good, There is no Fixed deposit breaking charges. I will recommend this Bank for the Best FD services.
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      , hyderabad
      Reviewed on Jul 18, 2017
    • Central Bank of India Fixed Deposit
      "Fund transfer"
      0.5 0.5/5 "Unacceptable"
      The worst banking system I have ever seen. if i want to transfer amt to other bank through IFSC they can't detect the bank or automatically logged out .if I want current statement they can't.net banking automatically logged out.if i go for pass book entry server down problem. if I go to ATM only 2k available etc...
      Was this review helpful? 4

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      , kolkata
      Reviewed on Jun 01, 2017
    • Central Bank of India Fixed Deposit
      "deposite cash"
      0.5 4.5/5 "Excellent!"
      may i deposite 2lacks in once transection. i hope that is central bank of india.if i can deposite, i hard that CBI bank are very nice,cool,great. so i select this bank for saving into my accountCentral bank of India is giving good interest rate for the fixed.
      Was this review helpful? 2

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      , new delhi
      Reviewed on Oct 08, 2016
    • Central Bank of India Fixed Deposit
      "CENTRAL BANK OF INDIA FD"
      0.5 5.0/5 "Blown Away!"
      Central bank of India is giving good interest rate for the fixed deposit for the minimum lock in period of one year and 4% - 5% interest rate for the minimum of three months. There is no activation charges. They are very quick in responding to their customers.
      Was this review helpful? 14

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      , bikaner
      Reviewed on Aug 09, 2016
    • Central Bank of India Fixed Deposit
      "Good rate "
      0.5 3.0/5 "Satisfactory"
      Central bank of India is giving 8% interest rate for the fixed deposit for the minimum lock in period of one year and 4% - 5% interest rate for the minimum of three moths. There is no activation charges. I visited the bank t o avail the facility but they took much time to give the response. .
      Was this review helpful? 9

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      , ahmedabad
      Reviewed on Feb 22, 2016
    • Central Bank of India Fixed Deposit
      "Best"
      0.5 5.0/5 "Blown Away!"
      I am having the fixed deposit account with the Central bank of India. Interest rate was around 7.75% and it will be compounded for every quarter of the year. The minimum lock in period is nil with them. Customer service is best with them and online banking facilities too.
      Was this review helpful? 12

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      , coimbatore
      Reviewed on Feb 04, 2016
    • Central Bank of India Fixed Deposit
      "Moderate.."
      0.5 3.0/5 "Satisfactory"
      I had fixed deposit for two lakhs but I closed that deposit. As I used that amount to buy a new home. I did not pay any penalty to break the policy. Staff members of Central Bank of India are not customer friendly and they are not treating well the customers.
      Was this review helpful? 9

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      , ahmedabad
      Reviewed on Jan 30, 2016
    • Central Bank of India Fixed Deposit
      "better..."
      0.5 4.0/5 "Great!"
      Saving account is there at Central Bank of India so I preferred for fixed deposit. I believe the rate for deposit is 7.5% to 8%. On my convenient time I can close the deposit and definitely the bank will deduct some penalty for it. Nationalized banks will be better for deposits.
      Was this review helpful? 7

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      , ghaziabad
      Reviewed on Jan 22, 2016
    • Central Bank of India Fixed Deposit
      "Excellent !!!!!"
      0.5 5.0/5 "Blown Away!"
      Central bank of India gave 8.75% for the fixed deposit with the minimum lock in period of 7 days to 10 years. Minimum amount to deposit is Rs.5000. No penalty in case we break the plan . We can active the plan through online.After the maturity period the amount will be deposit to the account.
      Was this review helpful? 11

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      , sagar
      Reviewed on Oct 27, 2015
    • Central Bank of India Fixed Deposit
      "Good Bank"
      0.5 4.0/5 "Great!"
      I have a fixed deposit with Central Bank of India. The services are good when compared to other banks. Earlier I was getting 9% of interest rate and now as per RBI rules it is 8%. There are no charges for this account. I been using this account for the last four months. The services has been good so far.
      Was this review helpful? 8

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      , vijayawada
      Reviewed on Sep 08, 2015
    • Central Bank of India Fixed Deposit
      "Give Good Offers..."
      0.5 1.0/5 "Really Bad"
      I have a fixed deposit running in central bank of India. I have taken this for my child. It was easy to start a FD with them. The total maturity period is 3 years and I have completed 2 years. The rate of interest they are offering is less. Once if the FD is matured it cannot be continued, it must be broke and we have to again apply for a different one. It is a drawback. Apart from that everything is good.
      Was this review helpful? 5

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      , chennai
      Reviewed on Aug 26, 2015
    • Central Bank of India Fixed Deposit
      "Better"
      0.5 4.0/5 "Great!"
      Fixed deposit rate of interest with the Central Bank of India is 9.25% and am happy with that.The services are really good with them.The minimum lock in period is 1 year of time but if we breakdown the fixed deposit before also they will not charge us anything but we are losing our interest rate.The services are good with them.
      Was this review helpful? 9

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      , ahmedabad
      Reviewed on Jul 22, 2015
    • Central Bank of India Fixed Deposit
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a Fixed deposit plan from Central bank of India in which the interest rate offered is 8.3% the minimum lock in period is for 1 year. There is no penalty in case if we take the amount in between the lock in period. To withdraw the amount we have to visit the bank and sunder the bond. Customer service is not do good as the private banks. To activate the plan we have to deposit Rs.20,000 .
      Was this review helpful? 3

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      , faridabad
      Reviewed on Jul 08, 2015
    • Central Bank of India Fixed Deposit
      "Worst Service & Worst bank"
      0.5 0.5/5 "Unacceptable"
      I have a Aspire Credit card and i already paid a due amount and bank has deducted same amount again in 15 days the bank branch manager says that we have not responsible for this card. Then why you give this aspire card to customers. And very Worst response from staff is like you have to contact call center or Mumbai Head office about this query. if they are answering like this then why they are doing job there. Very Worst Service Never go for any work to this bank Thanks.
      Was this review helpful? 12

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      , ahmedabad
      Reviewed on Jun 03, 2015
    • Central Bank of India Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am holding a fixed deposit with Central bank. They provide 1% high interest rate for the staff and for senior citizen it is 0.5%. As a staff we hardly take 5 minutes to open the account and provide the receipt it is that simple. Incase if the customer does not hold an account with us we ask for voters id incase if dont have an account we provide first 20k through cash and the rest would be transferred to savings account.
      Was this review helpful? 8

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      , madurai
      Reviewed on May 09, 2015
    • Central Bank of India Fixed Deposit
      "best customer service"
      0.5 5.0/5 "Blown Away!"
      I am dealing with CBI cheeka from last 1 year. Customer service is very good as compared to other bank and interest rate is at par with other bank. Net bankig is very good. I can make fd through net banking and can close it through net banking also. No need to visit branch always.
      Was this review helpful? 25

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      , cheeka
      Reviewed on Feb 17, 2015
    • Central Bank of India Fixed Deposit
      "Good"
      0.5 4.0/5 "Great!"
      I took fixed deposit from Central Bank of India two years ago and they are giving very good benefits for FD holders but not I could not recall all the things. The rate of interest is around 9.2% so it is reasonable and good in customer service. For tenure of five years I opened FD and they are giving good offers.
      Was this review helpful? 12

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      , kolkata
      Reviewed on Nov 26, 2014
    • Central Bank of India Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am holding a FD account with Central Bank of India which offers an interest rate of 9% for one year. If I had plan of closing that, they would deduct 1% interest and then calculate interest and credit that amount back to my account. The only document required for opening this account is pan card and nothing much and overall its been great.
      Was this review helpful? 6

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      , new delhi
      Reviewed on Nov 20, 2014
    • Central Bank of India Fixed Deposit
      "Needs to be improved"
      0.5 2.5/5 "Just OK"
      Central bank of India provided good customer service . They need to improve on their online banking . Whenever I used to check my fixed deposit in online it was slow. Rate of interest was quite competitive . We cant expect too much from them since it was the nationalized bank however they need to improve better customer service
      Was this review helpful? 7

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      , noida
      Reviewed on Oct 27, 2014
    • Central Bank of India Fixed Deposit
      "Nice experience"
      0.5 3.5/5 "Pretty good"
      Two years ago I have opened a fixed deposit with Central Bank and I am still maintaining them. It was very easy for me to create a new FD by submitting very minimal documents and I feel comfortable transferring the funds online. Rate of interest is quite good compared to other banks however the customer service needs improvement.
      Was this review helpful? 4

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      , mumbai
      Reviewed on Jun 16, 2014
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