Central Bank FD Rates: If we talk about saving, the name of Fixed Deposit comes first. Investment in FD remains safe and gives guaranteed returns. If you also want to invest in FD then there is good news.
113 year old public sector bank Central Bank of India has revised the interest rates on FDs of less than Rs 2 crore. After the revision of this interest rate, the bank is offering 3.5 percent to 7 percent interest to its regular customers on FDs ranging from 7 days to 10 years. The bank is giving interest ranging from 4% to 7.50% to senior citizen customers on FD of this period.
Central Bank of India is offering a maximum interest of 7% to its regular customers on FDs of two years to less than three years. Senior citizens will get maximum interest of 7.50%. According to the official website of the bank, these new rates have come into effect from January 10, 2024.
After this change in interest rates, the bank is giving 3.5 percent interest to its general customers on FD of 7 days to 14 days, 3.75 percent on FD of 15 days to 45 days and 4.50 percent on FD of 46 days. 4.75 percent interest will be available on FD of 60 days to 90 days. At the same time, the bank will give 5.50 percent interest on FD of 91 days to 179 days and 6 percent interest on FD of 180 to 270 days. The bank is now guaranteeing 6.25 percent returns on deposits maturing in 271-364 days.
At 6.75 percent, Central Bank of India is now offering the maximum interest on FDs with maturity of one year to less than two years. The bank is offering 7 percent interest on deposits between 2 to 3 years and 6.50 percent interest on deposits less than 3 to 5 years. The interest rate on deposits maturing in five to ten years is now 6.25 percent.
