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

The Central Bank of India offers a Fixed Deposit (FD) scheme with attractive interest rates, helping you earn steady returns. Interest rates range from 2.85% - 7.50% p.a., with tenures ranging from 7 days to 10 years. Keep reading this blog to know more about Central Bank of India Fixed Deposit and its interest rates. 

Highlights for 2025 Fixed Deposit Scheme of Central Bank of India 

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 February 2025:

* Interest rates are subject to change with time.

Different Types of Central Bank of India FD Schemes

Term-wise Central Bank of India FD Rates

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.

How to invest in Central Bank of India FD?

Central Bank of India Internet Banking

Step 1: Visit the Central Bank of India official website.

Step 2: Log in to your account using your username and password.

Step 3: Go to the ‘Online Term Deposit’ section.

Step 4: Choose the FD scheme you want to invest in.

Step 5: Enter your deposit amount, tenure, and payout preferences.

Step 6: Review all details carefully and click ‘Confirm’.

Step 7: A confirmation message will appear once the FD is successfully booked. 

City Union Bank Internet Banking

Step 1: Visit the nearest Central Bank of India branch.

Step 2: Request and fill out the FD application form.

Step 3: Submit the completed form along with the required documents.

Step 4: Deposit the amount you wish to invest in the FD.

Step 5: Once processed, your FD account will be successfully opened. 

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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