This bank has increased the FD rate, there will be huge savings on investment, they will get up to 7.25% interest

The Central Bank of India has increased its interest rate on fixed deposit tenure of less than Rs 2 crore. Check out the complete details of FD rates of Central Bank here.

Public sector lender Central Bank of India has increased its interest rate on fixed deposit tenure of less than Rs 2 crore. The general public will get an interest rate of 4.00 percent to 6.25 percent on domestic tenure maturing in 7 days to 10 years. While senior citizens can get an interest rate ranging from 4.50 percent to 6.75 percent . Deposits with maturity of less than 1 year to 2 years will now get a maximum interest rate of 6.75 percent for general public and 7.25 percent for senior citizens.

Central Bank of India FD Rates

1. On fixed deposit tenures maturing in 7-14 days, the bank will offer an interest rate of 4.00 per cent and on those maturing in 15 to 45 days, the Central Bank of India will now offer an interest rate of 4.25 per cent.

2. On Fixed Deposit tenure of 46 to 90 days, Central Bank of India is promising an interest rate of 4.50 percent and on 91 -179 days tenure, Central Bank of India is promising an interest rate of 5.00 percent.

3. Deposits maturing in 180 to 364 days will get an interest rate of 5.50 percent on tenure and those maturing in 1 year to less than 2 years will now get an interest rate of 6.75 percent.

4. On deposit tenure of 2 years to less than 3 years, the bank will offer an interest rate of 6.50 per cent and on deposits maturing in 3 years to 10 years, Central Bank of India will promise an interest rate of 6.25 per cent.

5. Deposit tenure made by senior citizens above 60 years of age will get an additional interest rate of 0.50 percent every year. is higher than the regular rate of interest for any deposit schemes as well as the Tax Saver Depositors Scheme of the Central Bank of India.

6. The Central Bank of India also allows Special Deposit tenures of 444, 555 and 999 days to be capable of being callable and non-callable.

7. Under the Callable Fixed Deposit Scheme of Central Bank of India, the general public will get an interest rate of 7.35 percent on deposit tenure of 44 days.

8. 7.00 percent on deposit tenure of 555 days and 6.50 percent on deposit tenure of 999 days, while senior citizens will get interest rate of 7.85 percent, 7.50 percent and 7.00 percent.