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    Central Bank of India Fixed Deposit Rates  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
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6.5% - 6.6% Quarterly compounding
    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
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know

    Central Bank of India Fixed Deposit Rates is Rated as "Great!" by 19 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    Central Bank Of India FD(Fixed Deposit) Interest Rates

    Central Bank of India (CBI) is a well-known public-sector bank in India. As part of its retail banking portfolio, it provides fixed deposit schemes at varying tenors and competitive interest rates.

    FD rates change when there is a movement in the market rate cycle or when there is a change in a banks liquidity requirements. This makes it very hard for customers or potential investors to track earnings or determine which scheme provides the best returns vis-a-vis other banks.

    The above table reflects the latest interest rates on CBIs fixed deposits, accounting for any and all changes made by the bank. This enables real-time comparison of maturities across all deposit schemes.

    The updated list of Central Bank Of India FD Rates, for Regular and Senior Citizen, is listed below:

    Maturity Period Regular Interest Rates below Rs. 1 crore Senior Citizen Interest Rates below Rs. 1 crore
    7 -14 days 4.75 5.25
    15 - 30 days 5.5 6
    31 - 45 days 5.5 6
    46 - 59 days 5.5 6
    60 - 90 days 5.5 6
    91 - 179 days 6.5 7
    180 - 270 days 6.5 7
    271 - 364 days 6.5 7
    1 yr to less than 2 yrs 6.6 7.1
    2 yr to less than 3 years 6.5 7
    3 yr to less than 5 years 6.5 7
    5 years & above upto 10 years 6.5 7
    555 days 6.5 7
    777 days 6.5 7
    Cent Double 6.5 7

    Central Bank of India Short-Term FD Rates

    The shortest period of holding is 30 days for which the interest rate stands at 6%. It is enhanced by 1.5% for holdings of 60 and 90 days to 7.5%. Returns on a 120-day scheme is 8.2%. This is decreased, marginally, to 8.0% for holdings of 6 and 9 months.

    Central Bank of India Medium and Long-Term FD Rates

    Rates are highest on tenors of 1 and 1.5 years at 8.75% and are lower by 0.25% on tenors of 3 years and above (up to 5 years) at 8.50%.

    Central Bank of India Senior Citizen FD Rates

    FD interest rates are increased by 0.5% on all existing rates for deposit-holdings by senior citizens. This puts returns for senior citizens in the range of 6.5% to 9.25%.

    CBIs FD rates are comparably more attractive for short and medium-term holdings when compared to other banks with similar products.

    The above interest rates are on a per-annum basis and compounded quarterly.

    News About Central Bank of India Fixed Deposit

    • Interest Rates Related to FCNR-B Deposits Revised by Central Bank of India

      Central Bank of India, the public-sector financial institution has made revisions it its deposit rates payable on FCNR-B (Foreign Currency Non-Resident – B) deposits. These changes have been put into effect from the 1st of July, 2016, and the revision of rates is done on the basis of the rates being announced by the FEDAI (Foreign Exchange Dealers’ Association of India on the 30th of June, 2016. Their validity will extend until the 31st of July, 2016.

      Customers of the bank can now avail USD Deposit of five years at 2.08% interest, GBP Deposit of five years at 1.72% interest, Euro Deposit of five years at 0.97%, Canadian Dollar Deposit of five years at 2.04% interest and Australian Dollar Deposit of five years at 3.07%.

      14th July 2016

    • Interest Rates Revised for CBI FCNR-B Deposits

      Starting from April 1, 2016, Central Bank of India has revised the interest rates on deposits payable on foreign currency non-resident FCNR-B account. The rates will hold well till April 30, 2016 and are decided by the Foreign Exchange Dealers’ Association of India.

      Interest rate for US dollars deposits of 5 years is 2.27% per annum while for deposits made in GBP, it is 2.07% per annum. Euro deposits for the same period will earn interest at a rate of 1.08%, Canadian dollars will have an interest rate of 2.04% and Australian dollars will earn interest at a rate of 3.43% per annum.

      12th April 2016

    • Central Bank of India Has Changed Interest rates on FCNR-B deposits

      Central Bank of India, one of the leading public-sector banks, has revised their fixed deposit interest rates which are payable on foreign currency non-resident (FCNR)-B deposits. This will be in effect from March 01, 2016. The rates have been revised based on the rates announced by Foreign Exchange Dealers’ Association of India (FEDAI) on February 29, 2015Central Banks’s new interest rates are 2.20% for USD Deposit of 5 Years, 1.04% for Euro Deposit of 5 Years, 1.94% for GBP Deposit of 5 Years, 1.96% for Canadian Dollar Deposit of 5 Years & 3.31% for Australian Dollar Deposit of 5 Years.

      14th March 2016

    • FCNR Deposit Rates of Central Bank of India Revised

      Central Bank of India has increased its interest rates on foreign currency non-resident (FCNR)-B deposits.

      The revised rates are effective from February 1, 2016. The changes were made as per the rates announced by the Foreign Exchange Dealers’ Association of India on January 29. These rates will be valid till February 29, 2016.

      For USD deposits of 5 years, the rate of interest will now be 2.34 percent. GBP deposits of 5 years will be available at an interest of 2.23 percent. For Euro deposits of 5 years, 1.14 percent interest will be offered. For Canadian dollar and Australian dollar deposits of 5 years, the rate of interest will be 2.02 percent and 3.41 percent, respectively.

      3rd February 2016

    • Central Bank of India changes rates for Fixed Deposits


      Repo rate reduction meant passing on of reduced rate benefit on many products to the customers. But a reduction in base rate also clipped fixed deposit rates for banks. Recently, Central Bank of India has also imposed some of its own reforms in the rates offered on fixed deposits.

      For all deposits valued less than Rs. 1 crore, there have been changes in the interest rates applicable across various tenure brackets. Short term deposits from 7 days to 9 months have seen drops of 0.25% to 1% and as of September 2015, the highest rate of interest offered on tenure brackets within this range is 7.75% and the lowest in offer is 5%. Beyond 270 days, the interest rate of 7.75% persists till a period less than a year. From an earlier high of 8.75%, rates of deposits from 1 year till 10 years are now 8.0%. The highest rate of interest currently offered by the bank is 8.05% on fixed deposits for periods of 777 days.

      10th September 2015

    • Central Bank of India Changes its Interest Rates on Domestic Term Deposits

      Central Bank of India changes its interest rates on domestic term deposits. For a deposit of 180 days to 270 days, the rate of interest is 8.00%. For a deposit of 271 – 364 days, the rate of interest is 8.00%. For 1 year to less than 2 years, the rate of interest is 8.75. For 2 year to less than 3 years, the rate of interest is 8.75%. For 3 years to less than 5 years, the rate of interest is 8.50%. For 5 years and above, the rate of interest is 8.50%. For 555 days, the rate of interest is 8.75%, and for 777 days, the rate of interest is 8.80%. These are the revised rates of interest offered by the bank for depositing less than Rs. 1 crore.

      12th March 2015

    • Central Bank of India Offer-Free Credit Card against Fixed Deposit

      Central Bank of India has taken centre-stage with the launch of its new ‘Cent Aspire’ scheme. Under this, any person who holds/opens a fixed deposit of Rs.20,000 and above under the ‘Cent Aspire Term Deposit’ scheme can avail of a free credit card (issued against the FD). This offer is aimed at customers of tier-two cities in semi-urban and rural areas, where a majority of the bank’s branches are located.

      The credit card has a lower interest rate compared to other cards and the maximum credit limit offered is 80% of the fixed deposit amount (subject to an overall credit limit of Rs.4 lakhs). This scheme not only encourages savings but also provides secured credit to customers. It is a low-risk credit option extended by the bank since payment defaults are recovered from the amounts held as deposit.

      Another attraction of this scheme is that it comes with a personal accident insurance of Rs.1 lakh, against death only.

      This new plan comes on the back of the bank’s newly launched home loan called ‘Cent Home Double Plus’

      19th November 2014

    • Various Central Bank of India Products to Attract Less Deposit Rates

      In a move that could throw a spanner into the festivities of the affluent patrons of the Central Bank of India, the state owned bank has decided to slash interest rates on a wide range of its public offerings, a drop ranging from 5 to 175 basis points. Henceforth, fixed deposits that are lesser than Rs.1 crore and have maturity tenures of 7-14 days or one year to lesser than two years will attract interest rates of 5 percent (from the current 6.50 percent) and 9 percent (from the current 9.05 percent) respectively. Similarly, fixed deposits upto Rs.1 crore that mature from 3 years to less than 5 years will draw a rate of 8.75 percent against the usual rate of 9.05 percent.

      Next, deposits between Rs.1 crore- 10 crore that mature in 7-14 days will attract a new interest rate of 5 percent from the current 6.25, while alternatively, term deposits between Rs.1 crore- 10 crore that mature in 7-14 days will attract a new interest rate of 6.25 percent from the current 5 percent. Also, for bulk deposits that exceed Rs.10 crores and mature in 31-45 days, the rates have been slashed from the usual 8.25 percent to 6.50 percent. A steep drop indeed that will be applicable from October 14, 2014. Central Bank of India maintains that these changes will come into effect immediately.

      14th october 2014

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  • Central Bank of India Fixed Deposit Reviews

    • 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? 2
      , 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
      , 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
      , 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
      , 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
      , 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
      , 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
      , 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
      , 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
      , 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
      , 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
      , 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
      , 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? 11
      , 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
      , 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
      , 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
      , 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
      , 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
      , 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
      , mumbai
      Reviewed on Jun 16, 2014
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