• Central Bank of India NRO/NRE/FCNR FD Rates

    Central Bank of India offers fixed deposit schemes for Non-Resident Indians (NRIs) that earn attractive interest rates of up to 5.00% p.a. with flexible tenures that range from 1 year up to 10 years.

    Central Bank of India NRE FD Rates: Up to Rs.2 crore

    Central Bank of India’s NRE fixed deposit rates for amounts of up to Rs.2 crore are as given below:

    Tenure bracket Regular FD rates (p.a) Senior Citizens FD rates (p.a)
    12 months to less than 24 months 4.90% NA
    24 months to less than 36 months 4.90% NA
    36 months to less than 60 months 5.00% NA
    60 months up to 120 months 5.00% NA

    *The Central Bank of India NRO FD rates are subject to change as per the discretion of the bank. The rates mentioned in this table are valid as of 8 October 2020

    Central Bank of India NRE FD Rates: Rs.2 crore to Rs.10 crore

    Central Bank of India’s NRE fixed deposit rates for amounts from Rs.2 crore to Rs.10 crore are as given below:

    Tenure bracket Regular FD rates (p.a) Senior Citizens FD rates (p.a)
    12 months to less than 24 months 3.50% NA
    24 months to less than 36 months 3.50% NA
    36 months to less than 60 months 3.50% NA
    60 months up to 120 months 3.50% NA

    *The Central Bank of India NRE FD rates are subject to change as per the discretion of the bank. The rates mentioned in this table are valid as of 8 December 2020

    Highest Central Bank of India NRI deposit rates

    • Central Bank of India NRE deposit highest interest rate for below Rs.2 crore: 5.00% p.a. for a tenure of 3 years up to 10 years
    • Central Bank of India NRE deposit highest interest rate for Rs.2 crore to Rs.10 crore: 3.50% p.a. across all tenures of 1 year up to 10 years.

    Central Bank of India FCNR (B) Deposit Rates

    Central Bank of India’s FCNR (B) fixed deposit rates are as given below:

    Tenure Interest rates (per annum)
    USD GBP EUR JPY CAD AUD
    Above 12 months to 24 months 1.23 0.55 0.00 0.50 1.22 0.58
    24 months to 36 months 1.27 0.59 0.00 0.40 1.08 0.59
    36 months to 48 months 1.06 0.65 0.00 2.65 1.18 0.64
    48 months to less than 60 months 1.38 0.70 0.02 1.27 0.74
    60 months 1.21 0.76 0.04 2.10 1.38 0.84

    *The Central Bank of India FCNR (B) FD rates are subject to change as per the discretion of the bank. The rates mentioned in this table are valid as of 1 December 2020

    Central Bank of India RFC Deposit Rates

    Central Bank of India’s RFC fixed deposit rates are as given below:

    Tenure USD
    6 months to less than 12 months 0.23

    *The Central Bank of India RFC FD rates are subject to change as per the discretion of the bank. The rates mentioned in this table are valid as of 1 December 2020

    FAQs on Central Bank of India NRI Fixed Deposit Rates

    1. What is the minimum tenure of the NRE FD scheme offered by Central Bank of India?

      The minimum tenure of the NRE FD scheme offered by Central Bank of India is 1 year.

    2. What is the maximum tenure of the NRE FD scheme offered by Central Bank of India?

      The maximum tenure of the NRE FD scheme offered by Central Bank of India is 10 years.

    3. Does Central Bank of India offer an additional interest rate for senior citizens on its NRE FD scheme?

      No, Central Bank of India does not offer an additional interest rate for senior citizens on its NRE FD scheme.

    4. In case I avail a loan against the FD account, is premature withdrawal allowed?

      No, premature withdrawal is not permitted in case you avail a loan against the NRE FD account.

    5. In case I close the NRE FD account before one year, is a penalty levied?

      Yes, a 1% penalty is levied in case you close the NRE FD account before 1 year.

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