• Recurring Deposit
  • Central Bank Of India RD Interest Rates
Central Bank Of India RD Interest Rates

Central Bank Of India RD Interest Rates

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Central Bank of India RD Interest Rates Nov 2024

TenureNormal Citizen RD RateSenior Citizen RD Rate
3 Months to 6 Months4.50%5.00%
6 Months to 9 Months5.50%6.00%
9 Months to 1 Year5.75%6.25%
1 Year to 2 Years6.75%7.25%
2 Years to 3 Years6.50%7.00%
3 Years to 5 Years6.25%6.75%
5 Years to 10 Years6.25%6.75%

Note: All interest rates shown above are as on 1st November 2023

Central Bank of India RD Scheme Details

Tenure
3 Months to 10 Years
Public Interest Rates
4.50% to 6.75%
Senior Citizen Interest Rates
5.00% to 7.25%
Minimum Deposit Amount
Rs. 100
Premature Withdrawal
Rs. 100
Highest Rates for Public
6.75%
Highest Rates for Senior Citizen
7.25%

Central Bank of India Returns Based on Investment Amount

Investment AmountFor 3 years with interest of 6.25%For 5 years with interest of 6.25%
₹ 50,000₹ 1,51,560₹ 2,53,913
₹ 1 lakh₹ 3,03,120₹ 5,07,826
₹ 2 lakh₹ 6,06,239₹ 10,15,652
₹ 5 lakh₹ 15,15,598₹ 25,39,130
₹ 10 lakh₹ 30,31,196₹ 50,78,261

Compare Central Bank of India vs Punjab National Bank Recurring Deposit

vs
Punjab National Bank
Central Bank of India
Central Bank of India
Maturity Amount₹ 3,03,120₹ 3,02,621
Total Investment Amount₹ 3,00,000₹ 3,00,000
Total Interest Gained₹3,120₹ 2,621

Compare RD Interest Rates of Other Banks

Bank NameRD Interest Rates
bank-0
Punjab National Bank		4.40% to 6.50%
bank-1
City Union Bank		5.75% to 6.50%
bank-2
BOI Bank		4.50% to 6.50%
bank-3
Canara Bank		5.25% to 6.90%
bank-4
Indian Bank		3.50% to 6.70%
bank-5
BOB Bank		4.50% to 7.05%
bank-6
Karur Vysya Bank		6.00% to 7.00%
bank-7
Union Bank of India		4.30% to 6.70%
bank-8
Tamilnad Mercantile Bank		5.75% to 7.00%
bank-9
Karnataka Bank		5.25% to 7.00%
bank-10
Dhanlaxmi Bank		6.50% to 6.75%
bank-11
South Indian Bank		4.50% to 6.50%
bank-12
Federal Bank		5.00% to 7.30%
bank-13
Bank of Maharashtra		4.50% to 6.00%
bank-14
Indian Overseas Bank		4.50% to 6.80%
bank-15
UCO Bank		4.50% to 6.50%
bank-16
RBL Bank		4.75% to 7.50%
bank-17
State Bank of India		4.50% to 7.00%
bank-18
IDBI Bank		4.50% to 6.80%
bank-19
Axis Bank		4.75% to 7.10%
bank-20
HDFC Bank		4.50% to 7.10%
bank-21
ICICI Bank		4.75% to 7.00%
bank-22
Indusind Bank		4.75% to 7.50%
bank-23
Kotak Mahindra Bank		4.00% to 7.10%
bank-24
Yes Bank		5.00% to 7.75%
bank-25
Bandhan Bank		4.50% to 7.25%
bank-26
IDFC First Bank		5.00% to 7.50%
bank-27
Equitas Small Finance Bank		7.25% to 8.20%
bank-28
Capital Small Finance Bank		4.75% to 7.15%
bank-29
Ujjivan Small Finance Bank		4.75% to 7.50%
bank-30
Fincare Small Finance Bank		5.75% to 8.25%
bank-31
ESAF Small Finance Bank		5.25% to 8.50%
bank-32
North East Small Finance Bank		4.00% to 7.50%
bank-33
Suryoday Small Finance Bank		5.00% to 8.50%
bank-34
Utkarsh Small Finance Bank		6.50% to 8.00%
bank-35
Jana Small Finance Bank		4.00% to 8.50%
bank-36
DBS Bank		3.00% to 7.50%
bank-37
Post Office		6.90% to 7.50%

Calculate Central Bank of India Returns

36
3.2 %

₹1,00,000

Total Investment

0

Wealth Gained

₹0

Maturity Amount

Invest in SIP to earn ₹37,83,253 moreExplore Best SIP Plans

Frequently Asked Questions

What is the current interest rate of RD in Central Bank of India?

As of today, November 29, 2024, the current Central Bank of India RD rates range from 4.50% to 6.75% for general citizens and from 5.00% to 7.25% for senior citizens.

How to open rd account in Central Bank of India?

Central Bank of India RD account can be opened with a minimum deposit of Rs. 100 with tenure ranging 3 Months to 10 Years. Central Bank of India recurring deposit account can be opened online or by visiting Central Bank of India branches with any ID proof like PAN card, Aadhar card, voter ID, or driving licence etc.

How to close rd in Central Bank of India?

You can close your RD a/c online through "Close A/c" tab or by visiting the branch, this may cost you a penalty. The current premature closer penalty in Central Bank of India RD is Rs. 100.

How to calculate maturity and interest in Central Bank of India recurring deposit ?

The maturity amount in Central Bank of India recurring deposit account can be calculated by using A = P x(1 + R / N) ^ (NT) formula.
Where:
A: Maturity Amount
P: Recurring Deposit Amount
N: Number of times the interest is compounded
R: annual interest rate
T: Tenure
Example:
If you open recurring deposit account at the Central Bank of India for 5 years and planed to invest INR 50,000.The current Central Bank of India RD interest rate for 5 year is 6.25%.So using the above formula the maturity amount will be - Rs. 35,26,268.

What is Central Bank of India RD interest rates for 1 year in 2024 ?

The Central Bank of India recurring deposit for 12 months or 1 year is 7.25% for senior citizen and 6.75% for others.

What are the limits on the minimum and maximum deposits?

The Central Bank of India RD account can be opened with as low as INR Rs. 100 per month. Also, there is no limit on the maximum amount for investment in a Central Bank of India RD.

What is the current highest Central Bank of India rd interest rates?

The current highest Central Bank of India rd rate is 6.75% p.a. for normal citizen and 7.25% p.a. for senior citizens in India.