Central Bank of India Interest Rates on FD, Dec 2016

Fixed Deposit Interest Rate of Central Bank of India

Last Updated 28th Nov 2016
    Read Latest News on Central Bank of India Here
  • Central Bank of India offers FD interest rates upto % per annum.
  • Interest on deposits with Central Bank of India is typically compounded quarterly.
  • Central Bank of India accepts deposits starting at Rs. 100 for various tenures.
  • For senior citizens (age more than 60 years), Central Bank of India offers higher interest rate over and above rates mentioned below.
Calculate Central Bank of India
FD Maturity Amount

Central Bank of India Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, Central Bank of India pays interest at ROI applicable for actual duration of deposit with nil penalty for deposits kept for 28 days or more.

Loan against Central Bank of India FD

  • Central Bank of India offers loan upto 90% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

Central Bank of India Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with Central Bank of India, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of Central Bank of India in your city - Find Central Bank of India Branches here

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  • Central Bank of India FD rates with other banks in India

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News - Dec 2016
01st Aug 16 Central Bank of India reduces MCLR by 0.05 percent
Central Bank of India has reduced its Marginal Cost Lending Rate (MCLR) by 0.05 percent or 5 basis points across maturities. This has reduced its one-year MCLR to 9.35 percent, from the current rate of 9.4 percent . The month MCLR is reduced to 9.3 percent and 3 month MCLR is reduced to 9.25 percent. Overnight MCLR has been reduced to 8.9 percent , while 1 month MCLR has remained same at 9.2 percent. The new MCLR is effective from August 1,2016. This rate cut of the bank will lead to lower interest rates on home loan, car loan, personal loan, etc, for loans taken under floating rate schemes. However, borrowers who have taken a loan at fixed rate, will not be benefitted by this reduction.
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