In our previous articles we discussed many Banks fixed deposit interest rates. Also, we compare all Fixed Deposit interest Rates on Public, private, and government sector banks of India. These articles will help you to decide which Fixed Deposit Scheme you should invest in. Now, in this article, we will discuss in brief about the Central Bank of India FD Interest Rates 2024.
Central Bank of India FD Interest Rates ( For less than 2cr)
| Rates for Deposits less than Rs. 2 Crore | ||
| Tenure | Rates for General Public | Rates For Senior Citizens |
| 7 days – 14 days | 3.50% | 4.00% |
| 15 days-30 days | 3.75% | 4.25% |
| 31 days – 45 days | 3.75% | 4.25% |
| 46 days-59 days | 4.00% | 4.50% |
| 60 days – 90 days | 4.25% | 4.75% |
| 91 days-179 days | 4.50% | 5.00% |
| 180 days-270 days | 5.50% | 6.00% |
| 271 days-364 days | 5.75% | 6.25% |
| 1 year – 2 yrs | 6.75% | 7.25% |
| 2 year – 3 years | 6.75% | 7.25% |
| 3 years – 5 years | 6.50% | 7.00% |
| 5 years – 10 years | 6.25% | 6.75% |
Notes:- All above FD interest Rates are revised from 10.08.2023.
CBI FD Interest Rates for Deposits (Rs. 2 Cr to Rs. 10 Cr w.e.f. 10.05.2023)
| Tenure | For General Public | For Senior Citizen |
| 7 days – 14 days | 4.75% | 5.25% |
| 15 days – 30 days | 4.75% | 5.25% |
| 31 days – 45 days | 5.25% | 5.75% |
| 46 days – 59 days | 5.25% | 5.75% |
| 60 days – 90 days | 4.50% | 5.00% |
| 91 days – 179 days | 5.50% | 6.00% |
| 180 days – 270 days | 6.00% | 6.50% |
| 271 days – 364 days | 6.25% | 6.75% |
| 1 year – 2 years | 6.75% | 7.25% |
| 2 year- 3 years | 6.00% | 6.50% |
| 3 year- 5 years | 5.50% | 6.00% |
| 5 years – 10 years | 5.50% | 6.00% |
Notes:- All above Central Bank of India FD interest Rates are revised from 10.05.2023.
CBI Special Term Deposit Interest Rates (w.e.f. 10.04.2023)
| Callable(Where Pre-mature withdrawal is allowed) | ||
| Tenure | For General Public | For Senior Citizen |
| 444 Days | 7.10% | 7.60% |
| 999 Days | 6.50% | 7.00% |
| Non-Callable (Pre-mature withdrawal not allowed) | ||
| Tenure | For General Public | For Senior Citizen |
| 444 Days | 7.25% | 7.75% |
| 999 Days | 6.65% | 7.15% |
Cent Garima Deposit Scheme
| Days | Rates w.e.f 10.08.2023 |
| 777 | 7.15% |
Cent Green Deposit Scheme
| Days | Rates w.e.f 10.08.2023 |
| 1111 | 7.00% |
| 2222 | 6.75% |
| 3333 | 7.00% |
Important Notes:-
- An additional rate of interest of 0.50% p.a. is offered in the case of senior citizens.
- Also, the deposits that are under the non-callable (Pre-mature withdrawal not allowed) scheme will offer an additional rate of interest as below:
- Senior Citizen – 0.50% (Age up to 60 Years)
- Super Senior Citizen-1% (Age above 80 Years)
- Bank Staff- 1%
- Senior Citizen Staff- 1.50%
- Ex-staff super senior citizen – 2.00%
CBI NRE FD Interest Rates (w.e.f. 10/08/23)
| Tenure | Rate for Deposits less than 2 cr.(revised rates w.e.f. 10/08/23) (In %) | Rate for Deposits of Rs. 2 cr. to 10 cr.(existing rate w.e.f. 10/05/23) (In %) |
| 1 Year to 2 Years | 6.75 | 6.75 |
| 2 Year to 3 Year | 6.75 | 6.00 |
| 3 Year to 5 Years | 6.50 | 5.50 |
| 5 Years to 10 Years | 6.25 | 5.50 |
Note:-
- Any additional rate of interest is permitted to neither senior citizens nor ex-staff/staff.
- In case of premature withdrawal before the completion of 1 year, no interest is payable.
- Also, 1% penal interest will be applicable if closed before maturity after completion of 1 year
For more information about interest rates on Fixed Deposits visit the Official Site of Central Bank of India.
Nupur Tanan
"Nupur Tanan" works at Financewisdom.in. She has experience in writing a vast range of varied content. She write knowledgeable, well-researched, and engaging articles on various personal finance and banking related topics.