Central Bank of India Fixed Deposit Rates 2021

Central Bank of India offers the Fixed Deposit (FD) scheme with attractive interest rates ranging between 2.75% p.a. and 5.10% p.a. The tenure of the scheme ranges between 7 days and 10 years.

Domestic Term Deposit Interest Rates (Less than Rs.2 crore)

Tenure Regular FD interest rate (per annum)
7 days to 14 days 2.75%
15 days to 30 days 2.90%
31 days to 45 days 2.90%
46 days to 59 days 3.25%
60 days to 90 days 3.25%
91 days to 179 days 3.90%
180 days to 270 days 4.25%
271 days to 364 days 4.25%
1 year to less than 2 years 4.90%
2 years to less than 3 years 5.00%
3 years to less than 5 years 5.10%
5 years to 10 years 5.10%
555 days N/A
777 days N/A
Cent Double N/A

*The Central Bank of India FD rates are subject to change at the discretion of the bank. The interest rates given in this table are valid as of 8 June 2021.

Central Bank of India Fixed Deposit Rates (Rs.2 crore to Rs.10 crore)

Tenure Rate of Interest (p.a.)
7 days to 14 days 2.90%
15 days to 30 days 2.90%
31 days to 45 days 2.90%
46 days to 59 days 2.90%
60 days to 90 days 2.90%
91 days to 179 days 2.90%
180 days to 270 days 3.00%
271 days to 364 days 3.25%
1 year but less than 2 years 3.50%
2 years but less than 3 years 3.50%
3 years but less than 5 years 3.50%
5 years and above and up to 10 years 3.50%
555 days N/A
777 days N/A
Cent Double N/A

*The Central Bank of India FD rates are subject to change at the discretion of the bank. The interest rates given in this table are valid as of 10 June 2021.

Central Bank of India Tax Saving FD Rates

Tenure Regular FD interest rate (per annum)
5 years 5.10%

*The Central Bank of India FD rates are subject to change at the discretion of the bank. The interest rates given in this table are valid as of 10 June 2021.

Central Bank of India NRI FD Rates

Central Bank of India NRE FD Rates

Tenure Interest Rate
1 year to less than 2 years 4.90%
2 years to less than 3 years 5.00%
3 years to less than 5 years 5.10%
5 years to 10 years 5.10%

*The Central Bank of India FD rates are subject to change at the discretion of the bank. The interest rates given in this table are valid as of 10 June 2021.

Central Bank of India FCNR FD Rates

Tenure AUD CAD EUR GBP USD
1 year – Less than 2 years 0.62 1.09 0.00 0.63 1.16
2 years – Less than 3 years 0.71 1.20 0.04 0.82 1.24
3 years – Less than 4 years 0.90 1.48 0.11 0.94 1.20
4 years – Less than 5 years 1.18 1.72 0.18 1.09 1.67
5 years 1.42 1.90 0.26 1.19 1.63
Overdraft Deposit 0.00 0.09 0.00 0.00 0.16

*The Central Bank of India FD rates are subject to change at the discretion of the bank. The interest rates given in this table are valid from 1 June 2021 to 30 June 2021.

Features and Benefits of Central Bank of India FD Rates

  • Attractive interest rates are offered.
  • Nominations can be added.
  • The minimum amount that must be deposited is Rs.100.
  • The tenure of the scheme ranges between 7 days and 120 days.
  • Loans can be availed.
  • Premature withdrawal facility is provided.

Eligibility Criteria & Documentation Required

Eligibility

  • Corporates, Societies, Clubs, Companies, Partnership Firms, Professionals, Agents, Merchants, and Private Traders
  • Illiterate Persons
  • Blind Persons
  • Hindu Undivided Families (HUFs)
  • Educational and charitable institutions
  • Individuals

Documents

  • Two passport-sized photographs.
  • Proof of date of birth in the case of minors and senior citizens.
  • Proof of address.
  • Proof of identity.

Types of Central Bank of India Fixed Deposit Schemes

FAQs on Central Bank of India Fixed Deposit Rates

  1. Can I add nominees to the account?

    Yes, Central Bank of India provides the option to add nominations to the account.

  2. How much loan can I avail against the FD?

    Up to 90% of the amount available in the account can be availed as a loan.

  3. In the case of the Cent Tax Saving Deposit, what is the maximum deposit that can be made?

    The maximum deposit that can be made in a Cent Tax Saving Deposit is Rs.1.50 lakh.

  4. Does Central Bank of India offer the auto-renewal facility on its FDs?

    Yes, Central Bank of India offers the auto-renewal facility on its FDs.

  5. What is the highest interest rate that is offered by Central Bank of India on its FD?

    The highest interest rate that is offered by Central Bank of India on its FD is 5.10% p.a. for a tenure that ranges between 3 years and 10 years.

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