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Central Bank of India Fixed Deposit (FD) Interest Rates 2025

Q: What is the FD rate in Central Bank of India?

The interest rates for the Central Bank of India FDs vary from 3.50% to 6.85% per annum for the general public and from 4.00% to 7.35% per annum for senior citizens, depending on the tenure and deposit amount of the FDs.

Q: What is the 444 days plan of the Central Bank of India?

The Central Bank of India offers two 444 days FD schemes - Cent Super Callable Time Deposit for 444 days and Cent Super Non-Callable Time Deposit for 444 days. The Cent Super Callable Time Deposit for 444 days is a FD for a fixed period of 444 days with an interest rate of 7.45% per annum for general public and 7.95% for senior citizens. The Cent Super Non-Callable Time Deposit for 444 days is a time deposit for a fixed period of 444 days with an interest rate of 7.60% per annum for general public and 8.10% for senior citizens.

Q: What is the interest rate for FD in Central Bank 555 days?

The Central Bank 555 days FD scheme provides an interest rate of 7.25% per annum for the general public and 7.75% per annum for senior citizens for callable deposits. For non-callable (deposits above Rs.1 crore), the interest rate is 7.40% per annum for the general public and 7.90% per annum for senior citizens.

Q: What does a cumulative deposit scheme mean?

A cumulative scheme, also known as a reinvestment scheme, is one in which the interest is compounded quarterly and reinvested with the principal amount. MMDC is one such cumulative scheme offered by the Central Bank of India.

Q: I am not an existing customer of the bank. Can I open a QIDR account?

If you have a savings account with the bank, you can easily open a QIDR account by visiting the bank branch or online. If you are a new customer to the bank, you can open a QIDR account upon fulfilling the KYC norms.

Q: Do I get an auto-renewal facility on my FD account?

You can opt for auto-renewal at the time of opening an FD account with the bank or at any time before the maturity of the FD account. Upon setting this instruction, your FD account will get renewed for the same period as when the original deposit was made at the prevailing interest rate.

By Mayashree Acharya

Updated on: Dec 19th, 2024

5 min read

A fixed deposit (FD) provides depositors with a steady and higher rate of interest until maturity as compared to a regular savings account. Fixed deposit schemes are popular investment instruments because they are immune to market fluctuations as compared to other alternatives available.

Central Bank of India offers competitive interest rates for a range of deposit periods to suit your needs.

RBI has announced a new rule applicable to unclaimed, matured FD accounts. That is the funds in an unclaimed, matured FD account will attract an interest rate as applicable to the savings account or the contracted rate of the matured FD, whichever is lower.

This is the Latest FD Interest Rates 2025 for Central Bank

Fixed Deposit Interest Rates 2025 of Central Bank of India

The table below provides the fixed deposit interest rates for the Central Bank of India for deposits below Rs.3 crore effective from 10 August 2024:

Deposit Tenure	Interest Rate for General Public (per annum)*	Interest Rate for Senior Citizens (per annum)*
7-14 days	3.50%	4.00%
15-30 days	3.75%	4.25%
31-45 days	3.75%	4.25%
46-59 days	4.50%	5.00%
60-90 days	4.75%	5.25%
91-179 days	5.50%	6.00%
180-270 days	6.25%	6.75%
271-364 days	6.25%	6.75%
1 year < 2 years	6.85%	7.35%
2 years < 3 years	7.00%	7.50%
3 years < 5 years	6.75%	7.25%
5 years and above - 10 years	6.50%	7.00%
444 days (callable)	7.45%	7.95%
444 days (non-callable)	7.60%	8.10%
555 days (callable)	7.25%	7.75%
555 days (non-callable)	7.40%	7.90%
999 days (callable)	6.50%	7.00%
999 days (non-callable)	6.65%	7.15%
Cent Garima Deposit Scheme (777 days)	7.15%	7.65%
Cent Green Deposit Scheme (1111 days)	7.25%	7.75%
Cent Green Deposit Scheme (2222 days)	7.00%	7.50%
Cent Green Deposit Scheme (3333 days)	7.25%	7.75%

* Interest rates are subject to change with time.

Different Types of Central Bank of India FD Schemes

Cent Garima Term Deposit Scheme

Tenure: Fixed at 777 days.
Minimum Deposit: Rs.10,000.
Maximum Deposit: Rs.10 crore.
Interest Payment Options: Monthly, quarterly, or cumulative.
Additional Benefits: Senior citizens and bank staff may receive additional interest rates as per norms.

Fixed Deposit Receipt (FDR)

Minimum Deposit: Rs.100.
Tenure: 7 days to 120 months.
Interest Payment: Simple interest paid half-yearly (March and September).
Additional Features: High interest rates on short-term deposits.

Money Multiplier Deposit Certificate (MMDC)

Minimum Deposit: Rs.100.
Tenure: 6 months to 120 months.
Interest Payment: Interest added to principal, resulting in higher returns at the end of the tenure (compound growth).

Monthly Interest Deposit Receipt (MIDR)

Minimum Deposit: Rs.5,000 (in multiples of Rs.1,000).
Tenure: 12 months to 120 months.
Interest Payment: Monthly interest payouts, allowing you to earn regular income without affecting the principal.

Quarterly Interest Deposit Receipt (QIDR)

Minimum Deposit: Rs.5,000 (in multiples of Rs.1,000).
Tenure: 12 months to 120 months.
Interest Payment: Interest paid out quarterly, ideal for those who prefer periodic payouts.

Cent Super Callable Time Deposit for 444 Days

Tenure: 444 days.
Minimum Deposit: Rs.10,000.
Maximum Deposit: Rs.10 crore.
Additional Benefits: Senior citizens, super senior citizens, and bank staff/ex-staff receive additional interest.
Premature Withdrawal: Not allowed.
Loan Facility: Available against deposit.

Cent Super Non-Callable Time Deposit for 444 Days

Tenure: 444 days.
Minimum Deposit: Above Rs.1 crore.
Maximum Deposit: Rs.10 crore.
Additional Benefits: Additional interest for senior citizens and bank staff/ex-staff.
Premature Withdrawal: Not allowed, unless a loan is availed on the deposit.

Cent Super Time Deposit for 555 Days (Callable)

Tenure: 555 days.
Minimum Deposit: Rs.10,000.
Maximum Deposit: Less than Rs.10 crore.
Interest Payment: Compounded quarterly.
Premature Withdrawal: Allowed, with applicable interest for the deposit period.
Additional Benefits: Extra interest for senior citizens and bank staff/ex-staff.

These deposit schemes from Cent Bank offer a wide range of options, from short-term to long-term, with various interest payout frequencies, catering to different needs for liquidity, income, and investment growth.

Cent Non Callable 999 and 555 Days

Tenure: 555 days and 999 days.
Minimum Deposit: Rs.1 crore.
Maximum Deposit: Less than Rs.10 crore.
Additional Benefits: Senior citizens, super senior citizens, and bank staff/ex-staff receive additional interest.
Loan/Overdraft: Available up to 90% of the deposit amount.

Cent Super 999 Days

Tenure: 999 days.
Minimum Deposit: Rs.10,000.
Maximum Deposit: Less than Rs.10 crore.
Interest Payment Options: Monthly, quarterly, half-yearly, or cumulative.
Additional Benefits: Extra interest for senior citizens, super senior citizens, and bank staff/ex-staff.
Premature Withdrawal: Not allowed if a loan is availed on the deposit.

Cent Green Time Deposits

Tenure: 1111 days, 2222 days, or 3333 days.
Minimum Deposit: Rs.50,000.
Maximum Deposit: Less than Rs.2 crore.
Use of Funds: Funds are allocated to green building projects, renewable energy, smart agriculture, and waste or water management projects.
Premature Withdrawal: If withdrawn prematurely, the remaining portion is converted to a regular fixed deposit.

Cent Floating Deposit

Tenure: 1 year to less than 2 years, 2 years to less than 3 years.
Minimum Deposit: Rs.1 lakh.
Maximum Deposit: Less than Rs.2 crore.
Interest Rate: Floating interest rate, subject to changes in the repo rate.
Additional Benefits: Senior citizens, super senior citizens, and bank staff/ex-staff get additional interest.
Premature Withdrawal: Not allowed within the first year; after 1 year, subject to penalty.

Cent Suraksha Deposit

Minimum Deposit: Rs.201 and Rs.5,001 (gift cheque or DD).
Tenure: Two years.
Transfer to PMSBY/PMJJBY: After two years, a portion is transferred to Cent Suraksha Deposit Yojana (PMSBY/PMJJBY).
Additional Benefits: Senior citizens, bank staff, ex-staff, and their relatives get additional interest rates.

These Cent Bank deposit schemes offer a variety of options, from fixed deposits with attractive tenures to green deposits contributing to environmental initiatives, and floating-rate deposits linked to repo rate changes. Special benefits are provided to senior citizens and bank staff, ensuring flexible investment and growth opportunities.

Central Bank of India FD Special Features and Benefits

Central Bank of India allows you to invest a minimum amount of Rs.100 and in multiples of Rs.100 thereafter.
Competitive interest rates are offered against all FD schemes.
Easy and fast liquidity options are available.
Senior citizens can earn an extra 0.5% rate on all FD schemes as compared to regular citizens.
NRE, NRO, and FCNR deposit facilities are available.
A loan/advance facility is available under certain schemes of up to 90% of the deposit amount.
Premature withdrawal is available under certain conditions.
A nomination facility is available.
An FD account can be opened online or by visiting your nearest Central Bank of India branch. An online FD account opening facility is available as well.

Basic Eligibility Criteria for Central Bank of India FD

Individuals.
Multiple individuals in their joint names.
A minor jointly with a major.
A minor, over the age of 12 years, who can read and write and operate the account personally (maturity value should not exceed Rs.50,000).
Charitable and educational institutions.
Hindu Undivided Families (HUF).
Blind people.
Illiterate people.
Private traders, merchants, agents, professionals, partnerships firms, companies, clubs, societies, and corporate firms.

Documents Required to Open Central Bank of India FD

Proof of Identification (any one of the following)
- Passport
- Aadhaar card
- Driving licence
- Voter ID card
- Pan card
- Govt./Defense ID card
- ID Card issued by a reputed employer
Proof of Address (any one of the following)
- Electricity bill
- Aadhaar card
- Telephone bill
- Salary slip
- Bank account statement
- Letter from a reputed employer
- Letter from any recognized Public Authority/Local Body
- Income Tax Assessment Order
Proof of Date of Birth (Applicable for Senior Citizens and Minors)
- For Senior Citizens (any one of the following)
  - Passport
  - Voter ID card
  - Driving license
  - PAN card
  - Service Discharge Certificate
  - PPO in case of pensioner
- For Minors
  - Birth Certificate issued by Gram Panchayat/Notified Area Committee (NAC)/Municipal Corporation
Two recent passport-size photographs of account holders.

Please note: The above documents are not necessary if the customer is already an account holder of the bank.

Tax Benefits on Central Bank of India Fixed Deposit

Cent Tax Saving Deposit

Individuals and HUFs who have PAN can avail of the benefits of this tax-saving FD scheme offered by the Central Bank of India. The tenure for the scheme is five years. The deposit can be a minimum of Rs.100 up to Rs.1.5 lakh.

Any deposit made in this account gets an income tax deduction under Section 80C. Single accounts and joint accounts are available under the scheme.

Other than this scheme, if the interest earned on any of your fixed deposit accounts is more than Rs.40,000 during a fiscal year, the bank deducts 10% tax at the source. If PAN card is not provided or is invalid, TDS will be applied at 20%.

FD Interest Rate Calculator

Visit our easy-to-use FD calculator to predict the returns you may receive upon putting your money in a fixed deposit account.

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Frequently Asked Questions

What is the FD rate in Central Bank of India?

The interest rates for the Central Bank of India FDs vary from 3.50% to 6.85% per annum for the general public and from 4.00% to 7.35% per annum for senior citizens, depending on the tenure and deposit amount of the FDs.

What is the 444 days plan of the Central Bank of India?

The Central Bank of India offers two 444 days FD schemes - Cent Super Callable Time Deposit for 444 days and Cent Super Non-Callable Time Deposit for 444 days.

The Cent Super Callable Time Deposit for 444 days is a FD for a fixed period of 444 days with an interest rate of 7.45% per annum for general public and 7.95% for senior citizens. The Cent Super Non-Callable Time Deposit for 444 days is a time deposit for a fixed period of 444 days with an interest rate of 7.60% per annum for general public and 8.10% for senior citizens.

What is the interest rate for FD in Central Bank 555 days?

The Central Bank 555 days FD scheme provides an interest rate of 7.25% per annum for the general public and 7.75% per annum for senior citizens for callable deposits. For non-callable (deposits above Rs.1 crore), the interest rate is 7.40% per annum for the general public and 7.90% per annum for senior citizens.

What does a cumulative deposit scheme mean?

A cumulative scheme, also known as a reinvestment scheme, is one in which the interest is compounded quarterly and reinvested with the principal amount. MMDC is one such cumulative scheme offered by the Central Bank of India.

I am not an existing customer of the bank. Can I open a QIDR account?

If you have a savings account with the bank, you can easily open a QIDR account by visiting the bank branch or online. If you are a new customer to the bank, you can open a QIDR account upon fulfilling the KYC norms.

Do I get an auto-renewal facility on my FD account?

You can opt for auto-renewal at the time of opening an FD account with the bank or at any time before the maturity of the FD account. Upon setting this instruction, your FD account will get renewed for the same period as when the original deposit was made at the prevailing interest rate.

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About the Author

Mayashree Acharya

Senior Content Writer

I am an advocate by profession and have a keen interest in writing. I write articles in various categories, from legal, business, personal finance, and investments to government schemes. I put words in a simplified manner and write easy-to-understand articles. Read more

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