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Central Bank of India Recurring Deposit

Get the Best Rates for a Central Bank of India Recurring Deposit

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PERIOD IN YEARS

ROI (% P.A)

1

6.6

2

6.5

3

6.5

4

6.5

5

6.5

6

6.5

7

6.5

8

6.5

9

6.5

10

6.5

Cent Millionaire - Number of Years

ROI (% P.A)

10

6.5

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Maturity Period

Regular Interest Rates below Rs. 1 crore

Senior Citizen Interest Rates below Rs. 1 crore

7 -14 days

4.75

5.25

15 - 30 days

5.5

6

31 - 45 days

5.5

6

46 - 59 days

5.5

6

60 - 90 days

5.5

6

91 - 179 days

6.5

7

180 - 270 days

6.5

7

271 - 364 days

6.5

7

1 yr to less than 2 yrs

6.6

7.1

2 yr to less than 3 years

6.5

7

3 yr to less than 5 years

6.5

7

5 years & above upto 10 years

6.5

7

555 days

6.5

7

777 days

6.5

7

Cent Double

6.5

7

The Central Bank of India offers three major recurring schemes at desirable interest rates. The schemes provided are Cent Millionaire, Cent Lakhpati and Cent Swa-Shakti flexi RDS. Even NRIs can open an RD account at interest rates ranging from 7.5%-7.25%, depending o the scheme selected and the deposit term. The deposit terms can vary from 6 months to 10 years. Account holders can make the payment towards their RD accounts through net banking, cash, cheques or ECS.

Central Bank of India - Short Term Recurring Deposit Interest Rates

Customers can also choose the Cent lakhpati scheme that offers a tenure of 1-2 years which provides an interest rate of 7.5%. The Cent Millionaire Scheme doesn't have any short-term tenure options and for the Swa-Shakti Flexi RDS Plan, the tenures vary from 6 months to 2 years. The interest rate applicable to the tenure of 2 months is 7.25% and for the tenure of 9 months as well, the interest rate applicable is 7.25%. The Cent Swa-Shakti  Flexi RD accounts for tenures 1-2 years provides an interest rate of 7.5%

Central Bank of India - Medium and Long-Term Recurring Deposit Interest Rates

Cent Lakhpati RD scheme offers medium and long-term scheme offers an interest rate of 7.25% for a tenure of 3-10 years. For a long-term deposit term of 10 years, the Cent Lakhpati scheme provides an interest rate of 7.25%. The Cent Shakti Flexi RD Scheme offers an interest rate of 7.25% for tenures ranging from 3-10 years.

Central Bank of India - Senior Citizen Recurring Deposit Interest Rates

Special interest rates are provided to the senior citizens from the Central Bank of India under the Cent lakhpati deposit scheme. The Cent Swa-Shakti scheme provides an additional interest rate of 0.5% to the senior citizens. Under this scheme, the senior citizens can avail an interest rate of 7.75% on tenures varying from 6-9 months. An interest rate of 7.75% is applicable on tenures of 3,4,5 and 10 years and an interest rate of 8% is applicable for a tenure of 1-2 years

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