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  • Central Bank of India Recurring Deposit Interest Rates

     4.5 / 5.0   by 11 users
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    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    PERIOD IN YEARS ROI (% p.a.)
    1 6.6
    2 6.5
    3 6.5
    4 6.5
    5 6.5
    6 6.5
    7 6.5
    8 6.5
    9 6.5
    10 6.5
    Cent Millionaire - Number of YearsROI (% p.a.)
    106.5
    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

    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.

    More you need to know about Recurring Deposit

    Central Bank of India RD Schemes

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    News About CBI Recurring Deposit Interest Rates

    • Revised Recurring Deposit Interest Rates Offered by The Central Bank of India

      CENT Swa-ShaktiI Flexi RDs offered by Central Bank of India is one of the most popular Recurring Deposits Schemes available in India which has recently changed its RD interest rates. As per the revised interest rates, the interest rate for recurring Deposit amounts of less than Rs 1 crore, stands at 7.25% per annum for 6 months which was previously 7.35% p.a. For tenures ranging from from 2 years up to 10 years with a deposit amount less than Rs 1 crore, the interest rate ranges from 7.25% to 7.50% per annum which was 7.75% p.a previously. For senior citizens, the interest rate for 6 months and 9 months has changed to 7.75% p.a from 7.85% p.a. For tenures of 2 years and 3 years, the interest rate has been changed to 8% and 7.75% which previously stood at 8.25% from 8.5% per annum. The interest rates has been revised to 7.75% per annum for tenures of 4, 5 and 10 years instead 8% per annum.

      1st July 2016

    • Central Bank of India updates Recurring Deposit Interest Rates

      Central Bank of India CENT Swa-Shaktil Flexi Recurring Deposit Scheme is one of the most popular RD schemes offered by banks in India. Recently, Central Bank of India has changed the interest rates for recurring deposit pertaining to select tenures. For Recurring deposit amounts less than Rs. 1 crore, the interest rate for 6 months and 9 months has been changed to 7.35% per annum and 7.25% per annum from previous interest rate of 7.75%. For tenures from 2 years to up to 10 years and a deposit amount less than Rs. 1 crore, the interest rate has been revised to 7.75% per annum in place of the previous 8% per annum. The interest rate for tenure of 1 year has been changed to 7.5% per annum from 8%.

      For senior citizens, the interest rate for 6 months and 9 months has been changed to 7.85% and 7.75% respectively from the previous 8.25%. For a tenure of 1 year under senior citizens scheme, the interest rate is set at 8% instead of 8.5% which was being offered previously. For tenures of 2 years and 3 years, the interest rate has been changed to 8.25% from 8.5% per annum. The interest rates has been revised to 8% instead of 8.5% per annum for tenures of 4 years, 5 years and 10 years respectively.

      24th March 2016

    Recurring Deposit - Sitemap

    Central Bank of India RD Rates Reviews

  • Page 1 of 1
    • Central Bank of India Recurring Deposit
      "Recurring deposit is fine"
      CENTRAL BANK OF INDIA
      0.5 5.0/5 "Blown Away!"
      Central bank provides very good service and support . I am holding this RD for the past 3 years. Here I got the best rate of interest and I also get some tax benefit here. Interest what I earn is on a monthly basis. I have not experienced any thing negative with them.
      Was this review helpful? 11
      , coimbatore
      Reviewed on Jan 13, 2017
    • Central Bank of India Recurring Deposit
      "Good bank"
      CENTRAL BANK OF INDIA
      0.5 3.0/5 "Satisfactory"
      I had the recurring deposit account with the Central bank of India and the interest rate was around 8.75%. The minimum lock in period is around one year of time and the services are good with the Central bank of India.
      Was this review helpful? 7
      , thane
      Reviewed on Mar 23, 2016
    • Central Bank of India Recurring Deposit
      "Best"
      CENTRAL BANK OF INDIA
      0.5 4.0/5 "Great!"
      I do have the recurring deposit with the Central bank of India. Interest rate is around 7.75% as of now and the interest will be compounded with the capital deposit. Minimum lock in period is around one year of time and the nomination is a flexible one with them.
      Was this review helpful? 3
      , coimbatore
      Reviewed on Feb 04, 2016
    • Central Bank of India Recurring Deposit
      "Excellent"
      CENTRAL BANK OF INDIA
      0.5 5.0/5 "Blown Away!"
      Central bank of India is giving the recurring deposit depend upon the tenure . In which the maximum tenure is one year to 10 year. No activation charges. Minimum amount to start the plan is rs.100 .
      Was this review helpful? 5
      , sagar
      Reviewed on Oct 27, 2015
    • Central Bank of India Recurring Deposit
      "Less time period "
      CENTRAL BANK OF INDIA
      0.5 5.0/5 "Blown Away!"
      CENTRAL BANK OF INDIA was offering good interest rates for the Recurring deposit account. Yearly the rate of interest will be increased. Monthly I will paying rupees 500 for this account. I felt it will be useful in my emergency time.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Oct 26, 2015
    • Central Bank of India Recurring Deposit
      "Good"
      CENTRAL BANK OF INDIA
      0.5 3.0/5 "Satisfactory"
      Central Bank of India offers 9% interest rate for the recurring deposit plan with the minimum lock in period of one year. The minimum amount to be deposit is Rs.500 . The customer service is not cooperative and the online service is also not good.
      Was this review helpful? 7
      , mumbai
      Reviewed on Sep 07, 2015
    • Central Bank of India Recurring Deposit
      "Very Good"
      CENTRAL BANK OF INDIA
      0.5 4.0/5 "Great!"
      I am having the recurring deposit with the central bank of india. The rate of interest is around 9.85% for the 6 years of time. The services should be improve in the aspects of internet banking and the customer assistance. For time being I am okay with them.
      Was this review helpful? 3
      , mumbai
      Reviewed on Sep 05, 2015
    • Central Bank of India Recurring Deposit
      "Only for Savings"
      CENTRAL BANK OF INDIA
      0.5 5.0/5 "Blown Away!"
      The rate of interest is not a constraint for me and the main reason that I took the recurring deposit with the central bank of India for saving the money. 5 years of time is the minimum lock in period.I guess that there are some of the money will be penalize if we broken the deposit before the minimum lock in period. Services are good with them.
      Was this review helpful? 2
      , visakhapatnam
      Reviewed on Jul 28, 2015
    • Central Bank of India Recurring Deposit
      "Cent 1 year RD"
      CENTRAL BANK OF INDIA
      0.5 4.0/5 "Great!"
      Good product , Felxible payment option above the minimum amount and it s return also better compared to other backs . easy to manage with Cent Savings account and can easily liquid it online . ECS can be done . Also we can see the closure balance any time.
      Was this review helpful? 7
      , bangalore
      Reviewed on Jul 22, 2015
    • Central Bank of India Recurring Deposit
      "Excellent"
      CENTRAL BANK OF INDIA
      0.5 5.0/5 "Blown Away!"
      I am holding a RD with Central bank. they have a scheme called CENT Milliner scheme where a customer has to deposit about 5250 for a period of 10 years and after 10 years it will become 10 lakhs. Interest rate offered by them was 10.25% flat in case if they are going to withdraw the amount in between they would refund the remaining amount with the interest and Principle.
      Was this review helpful? 4
      , madurai
      Reviewed on May 09, 2015
    • Central Bank of India Recurring Deposit
      "amazing facility"
      CENTRAL BANK OF INDIA
      0.5 4.5/5 "Excellent!"
      Trusted for almost more than 20 years, My parents have both their accounts in the same bank, and its gives us so much facilities that even me and my siblings have opted to choose the same bank for our future use, Any new offers or new deposits schemes, we have always been kept informed which gives us amazing benefits :)
      Was this review helpful? 11
      , dombivli
      Reviewed on Sep 08, 2014
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