Central Bank of India is one of the oldest and most trusted public sector banks in India, offering a wide range of banking and financial services. It provides fixed deposits with competitive interest rates, flexible tenures, and additional benefits for senior citizens. Use the calculator to estimate your interest earnings and maturity amounts.
Here is the interest rate table for fixed deposits of less than 3 crore:
| Tenure | General Customers (%) | Senior Citizen (%) |
|---|---|---|
| 7 – 30 days | 3.50 | 4.00 |
| 31 – 45 days | 3.75 | 4.25 |
| 46 – 59 days | 4.50 | 5.00 |
| 60 – 90 days | 4.75 | 5.25 |
| 91 – 179 days | 5.50 | 6.00 |
| 180 – 364 days | 6.25 | 6.75 |
| 1 year to less than 2 years | 6.85 | 7.35 |
| 2 years to less than 3 years | 7.00 | 7.50 |
| 3 years to less than 5 years | 6.75 | 7.25 |
| 5 years & above up to 10 years | 6.50 | 7.00 |
Data last updated on 01/09/2024. Check latest interest rates here.
Central Bank of India FD Calculator
Central Bank of India FD FAQs
What is the minimum and maximum amount for a Fixed Deposit?
The minimum deposit amount is ₹100, and additional deposits can be made in multiples of ₹100. There is no specified maximum limit.
How is interest paid on Fixed Deposits?
Interest is calculated on a simple basis and is credited to the account half-yearly in March and September, or on maturity, whichever is earlier.
Is TDS applicable on the interest earned?
Yes, TDS is deducted as per Income Tax rules on interest earned over ₹40,000 per annum. No TDS is deducted if Form 15H/15G is submitted.
Can I withdraw my Fixed Deposit before maturity?
Yes, premature withdrawal is allowed as per the bank's prevailing rules.
Is there a loan facility against Fixed Deposits?
Yes, you can avail a loan or advance against your Fixed Deposit up to 90% of the deposit amount, with interest charged as per the bank’s rules.