|PERIOD IN YEARS||ROI (% p.a.)|
|Cent Millionaire - Number of Years||ROI (% p.a.)|
|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|
Get the Best Rates for a Central Bank of India Recurring Deposit
Central Bank of India offers three recurring deposit schemes at attractive interest rates and also offers special rates for senior citizens. The schemes provided are - Cent Millionaire, Cent Lakhpati and CENT Swa-ShaktiI Flexi RDS. Non-resident Indians can also opt to open a recurring deposit account with Central Bank of India at interest rates ranging between 7.50% and 7.25%, depending on the scheme selected. The deposit tenures vary from 6 months to up to 10 years as per the scheme chosen by the customer. Account holders can choose to make payments towards their recurring deposits using branch transfers, internet banking, cash, cheques, ECS or standing instructions.
Central Bank of India - Short Term Recurring Deposit Interest Rates
As short term deposit options, customers can choose the Cent Lakhpati scheme which offers a tenure of 1 of 2 years with an interest rate of 7.50%. The Cent Millionaire scheme does not have any short term tenure options. As a flexible recurring deposit scheme, the CENT Swa-ShaktiI Flexi RDS plan, offers tenures starting from 6 months, 9 months, 1 year and 2 years. The interest rates given for the tenures of 6-month, is 7.25% and tenures of 9-month, the interest rate given is 7.25%. For CENT Swa-ShaktiI Flexi recurring deposit accounts with tenures of 1 years and 2 years, the interest rate given is 7.50%
Central Bank of India - Medium and Long Term Recurring Deposit Interest Rates
The Cent Lakhpati recurring deposit scheme offers medium and long term options ranging from 3 to 10 years at an interest rate of 7.25%. As a long term option, the Cent Millionaire scheme offers recurring deposit scheme with a tenure of 10 years at an interest rate of 7.25%. The CENT Swa-ShaktiI Flexi RDS plan also offers longer tenures ranging between 3, 4, 5 and 10 years at an interest rate 7.25%.
Central Bank of India - Senior Citizen Recurring Deposit Interest Rates
Senior citizens can get special interest rates from Central Bank of India when they open a Cent Lakhpati recurring deposit scheme. The CENT Swa-ShaktiI Flexi RD scheme offers senior citizens, an additional 0.5% on the regular recurring deposit rates. Under this scheme senior citizens can get an interest rate of 7.75% on tenures of 6 months and 9 months and an interest rate of 8.00%, 8.00%, 7.75%, 7.75%, 7.75%, 7.75% for recurring deposit tenures of 1,2,3,4,5 and 10 years.
Central Bank of India - NRE Recurring Deposit Interest Rates
Using the Cent Millionaire Scheme, NRIs can open a recurring deposit account for a tenure of 10 years at an interest rate of 7.50%. The Cent Lakhpati scheme can be availed by NRIs at an interest rate ranging between 7.50% and 7.75% for tenures between 1 to 10 years. The interest rate given on the Cent Swa Shakti-Flexi Recurring Deposit Scheme will be as per the term deposit rates applicable to NRE term deposits.
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