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 2017:

TIME PERIODINTEREST RATES (% p.a.)
For Deposits Below 1 CroreFor Deposits 1-10 Crore
7 Days to 14 Days4.00%4.00%
15 Days to 30 Days4.25%4.25%
31 Days to 45 Days4.25%4.25%
46 Days to 60 Days4.75%4.75%
61 Days to 90 Days4.75%4.75%
91 Days to 180 Days6.50%4.75%
181 Days to 270 days6.50%4.75%
271 Days to 1 year6.50%5.00%
1 Year to 2 Years7.00%5.50%
2 Years to 3 Years6.90%5.50%
3 Years to 5 Years6.90%5.50%
5 Years to 10 Years6.90%5.50%
Above 10 Years6.90%NA
555 Days7.00%NA
777 Days7.00%NA
Cent Double6.90%NA

NRE Term Deposit Rates 2017:

PeriodBelow 1 crore (% p.a.)1-10 crore (% p.a.)
 1 Years to 2 Years 7.00% 5.75%
 2 Years to 3 Years 6.90%5.50%
 3 Years to 5 Years 6.90%5.50%
 5 Years to 10 Years 6.90%5.50%
 555 Days 7.00% NA
 777 Days 7.00% NA

Updated: 19 January, 2017

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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 @https://www.centralbankofindia.co.in/English/interestrate.aspx

8 Comments

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

  2. 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 days..how much amount will I get.

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