Central Bank of India (CBI) FD Rates: Check Latest updated FD Interest Rates, RD Interest Rates, Single Term Deposit Rates for General, NRI & Senior Citizens Online.
About Central Bank of India:
Established in 1911, Central Bank of India was the first Indian commercial bank which was wholly owned and managed by Indians. Among the Public Sector Banks, Central Bank of India can be truly described as an All India Bank, due to distribution of its large network in all 29 States as also in 6 out of 7 Union Territories in India. Central Bank of India holds a very prominent place among the Public Sector Banks on account of its network of 4700 Branches, 4 Extension counters, along with 29 Satellite Offices at various centres throughout the length and breadth of the country.
Customers’ confidence in Central Bank of India’s wide ranging services can very well be judged from the list of major corporate clients such as ICICI, IDBI, Axis Bank, LIC, HDFC as also almost all major corporate houses in the country.
Central Bank of India Offers Various Schemes under Fixed Deposits – Benefit Deposit, Benefit Plus, Cent Aspire, 777 Deposit Scheme, 555 Deposit Scheme, Suraksha Deposit, Double Deposit Scheme, Uttam Scheme, Taxi Saving Deposit, Senior Citizen Deposit Scheme, Money Multiplier deposit, Quarterly interest deposit, Flexi Yield Deposit Scheme etc.
B.P.L.R 15.00% p.a
Base Rate (BR) – 9.60%
DOMESTIC TERM DEPOSITS Interest Rates March 2020
|Less than 2 cr||2 Cr to 10 Cr (Single deposit)|
|7 -14 days||4.50||3.95|
|15 – 30 days||4.50||4.25|
|31 -45 days||4.50||4.25|
|46 – 59 days||5.25||4.50|
|60 – 90 days||5.35||4.50|
|91 – 179 days||5.75||4.75|
|180 – 270 days||5.75||4.75|
|271 – 364 days||6.00||4.75|
|1 yr to less than 2 yrs||6.25||5.00|
|2 yr to less than 3 years||6.20||4.85|
|3 yr to less than 5 years||6.20||4.85|
|5 years & above upto 10 years||6.20||4.85|
An additional interest rate of 0.50% p.a. over and above the normal rate of interest for any of our Time Deposit Schemes & also for Tax Saver Depositors Scheme will be given as incentive for deposits of Senior Citizens who are above 60 years of age.
Premature Closure of Accounts,
a) Penal interest at the rate of 1% will be charged on premature withdrawal of time deposit above Rs 5 lakhs.
b) No penalty will be levied on premature withdrawal of deposits provided the deposits are renewed for a period longer than remaining period of the original contract.
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