The Central Bank of India provides the interest rates such that they highly differ from one another according to their terms. The best to go term is 1-2 years. This term provides the maximum interest rates 7.00 percent.

The rates offered in other cases are also fine enough say for over two years a maximum of 7.00 percent and a mere 6.90 percent for less than a year.

For Union Bank of India: Union Bank of India Fixed Deposit interest rates

The interest rates for this financial instrument are more than savings account rates but they lack in providing liquidity. Although one can have loan on them but one cannot withdraw whatever amount they like whenever they want. Here is detail information on Central bank of India Fixed deposit interest rates. The below interest rates are effective form 2 December, 2016.

central bank of india fd interest rates

Central Bank of India Fixed deposit interest rates in detail:

For Deposits Below 1 CroreFor Deposits 1-10 Crore
7 – 14 Days4.004.00
15 – 30 Days4.254.25
31 – 45 Days4.254.25
46 – 60 Days4.754.75
61 – 90 Days4.754.75
91 Days – 180 Days6.504.75
181 Days – 270 days6.504.75
271 Days – 1 year6.505.00
1 Year – 2 Years7.005.50
2 Years – 3 Years6.905.50
3 Years – 5 Years6.905.50
5 Years – 10 Years6.905.50
Above 10 Years6.90NA
555 days7.00NA
777 days7.00NA
Cent Double6.90NA

NRE Term Deposit Rates:

PeriodBelow 1 crore (% p.a.)1-10 crore (% p.a.)
 1-2 years 7.00 5.75
 2-3 years 6.905.50
 3-5 years 6.905.50
 5-10 years 6.905.50
 555 days 7.00 NA
 777 days 7.00 NA

Updated: 19 January, 2017

Calculate Maturity value now

From table you can see, Central Bank of India provides good interest rates for time interval 1 to 2 years which is quite similar to state bank of India interest rates.

Important Notes:

  • You need to take Treasury Central Office for deposit above 10 crores.
  • No additional interest benefit for senior citizens and staff in case of NRE deposits.
  • No interest will be paid if you will withdraw amount before 1 year. For above one years, 1% penalty will be charged.

Please confirm details from official website @


  1. 1-2 yrs fd rate is good as compare to other banks. I would like to fixed deposit an amount of Rs.395000/-for 7 much amount will I get.

  2. I intend to deposit under monthly income scheme.Can you suggest some plans suitable for me. I am a retired employee.

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