|PERIOD IN YEARS (Cent lakhpati)||ROI (% p.a.)|
|Cent Millionaire - Number of Years||ROI (% p.a.)|
|Maturity Period (CENT Swa-ShaktiI Flexi RDS)||Interest Rates for general citizens (%)||Interest Rates for Senior Citizen (%)|
|7 -14 days||4||4.5|
|15 - 30 days||4.25||4.75|
|31 - 45 days||4.25||4.75|
|46 - 59 days||4.75||5.25|
|60 - 90 days||4.75||5.25|
|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||7||7.5|
|2 yr to less than 3 years||6.9||7.4|
|3 yr to less than 5 years||6.9||7.4|
|5 years & above upto 10 years||6.9||7.4|
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 Recurring Deposit
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- Compare Recurring Deposit Rates of Central Bank of India with Other Banks and Institutions
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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