Central Bank of India RD (Recurring Deposit) Interest Rate 2026
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Central Bank of India RD Interest Rates May 2026
| Tenure | Normal Citizen RD Rate | Senior Citizen RD Rate |
|---|---|---|
| 3 Months to 6 Months | 4.50% | 5.00% |
| 6 Months to 9 Months | 5.50% | 6.00% |
| 9 Months to 1 Year | 5.75% | 6.25% |
| 1 Year to 2 Years | 6.75% | 7.25% |
| 2 Years to 3 Years | 6.50% | 7.00% |
| 3 Years to 5 Years | 6.25% | 6.75% |
| 5 Years to 10 Years | 6.25% | 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 Amount | For 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
 | | |
|---|---|---|
| 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
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Calculate Central Bank of India Returns
36
3.2 %
₹1,00,000
Total Investment
0
Wealth Gained
₹0
Maturity Amount
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Frequently Asked Questions
As of today, May 07, 2026, 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.
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.
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.
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.
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.
The Central Bank of India recurring deposit for 12 months or 1 year is 7.25% for senior citizen and 6.75% for others.
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.
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.