Central Bank of India RD Rates on Saving Accounts
| Balance at End of the day | Interest Rates |
|---|---|
| Up to 50 lakh | 3.5% |
| Above 50 lakh | 4% |
Central Bank of India RD Rates: For deposits of less than Rs.2 crore (w.e.f. 1st March, 2019)
| Maturity Range | Less than 2 cr w.e.f. 01/03/2019 (%) | 2 cr to 10 cr (Single Deposit) w.e.f. 01/03/2019 (%) |
|---|---|---|
| 7 days to 14 days | 4.80 | 4.25 |
| 15 - 30 days | 5.55 | 5.25 |
| 31 - 45 days | 5.55 | 5.25 |
| 46 - 59 days | 5.55 | 5.25 |
| 60 - 90 days | 5.55 | 5.25 |
| 91 - 179 days | 6.50 | 5.75 |
| 180 - 270 days | 6.55 | 5.75 |
| 271 - 364 days | 6.55 | 5.75 |
| 1 year to less than 2 years | 6.55 | 5.75 |
| 2 years to less than 3 years | 6.55 | 5.50 |
| 3 years to less than 5 years | 6.55 | 5.50 |
| 5 years & above up to 10 years | 6.55 | 5.50 |
| 555 days | 6.55 | 5.50 |
| 777 days | 6.55 | NA |
| Cent Double | 6.55 | NA |
Central Bank of India RD Rates: For High Cost Bulk Deposit Above 10 crore (w.e.f. 9th April, 2019)
| Period | Revised rate for above Rs. 10 cr w.e.f.09.04.2019 (%) |
|---|---|
| 7 days to 14 days | 4.25 |
| 15 -30 days | 5.25 |
| 31 - 45 days | 5.25 |
| 46 - 59 days | 5.25 |
| 60 -90 days | 5.25 |
| 91 - 179 days | 5.25 |
| 180 - 270 days | 5.25 |
| 271 - 364 days | 5.25 |
| 12 months to 13 months | 5.25 |
The below categories are eligible for opening a Recurring Deposit with Central Bank of India:
What is the interest rate that Central Bank of India Recurring Deposit offers on senior citizen RDs?
Additional 0.5% is applicable for senior citizens on Central Bank of India RD rates across schemes and maturity tenures.
Can I make alterations to the tenure of my ongoing Central Bank of India Recurring Deposit?
No, the tenure of your ongoing Central Bank of India Recurring Deposit cannot be changed.
How can I start a Central Bank of India Recurring Deposit account without a PAN card?
Any individual or business that does not have a PAN card can submit Form 60 while opening a Recurring Deposit with Bank of India.
What is the highest interest rate that is offered by the Central Bank of India Recurring Deposit?
The highest RD rate at Central Bank of India is 6.65% on a maturity period of 555 days.
What are the RD tenure options with Central Bank of India Recurring Deposit?
Deposit tenure for Central Bank of India RD accounts varies between a minimum of 6 months to a maximum of 120 months at quarterly intervals of 12, 15, 18, 21 and 24 months..
What is the minimum amount required to start a Central Bank of India Recurring Deposit account?
The minimum amount acceptable for Central Bank of India Recurring Deposit Account is Rs. 100.
What is the eligibility criteria to open a Central Bank of India Recurring Deposit account?
The below categories are eligible for opening a Central Bank of India:
Can I open my Central Bank of India Recurring Deposit without a PAN card?
If you do not have a PAN card, you can submit Form 60 while opening a Recurring Deposit with Central Bank of India.
