How many years will it take to double my Central Bank FD?

The number of years required to double your Central Bank FD will depend on the rate of interest and the deposit amount. You can calculate it by using the rule of 72, in this you will have to divide 72 by the rate of interest to get the doubling time.

What is the maximum number of senior citizen FDs I can book with the Central Bank of India?

There are no such restrictions on the number of senior citizen fixed deposits that you can book with the Central Bank. You can book as many FDs as you wish.

What is the minimum amount of deposit required to book a senior citizen FD?

The minimum amount of deposit required to book a senior citizen FD is ₹100. However, there is no maximum limit for investment.

How can I check my Central Bank FD balance?

You can check your central bank FD balance either online or by physically visiting your nearest Central Bank of India branch. You will have to update your FD passbook to know the current balance of your fixed deposit. Furthermore, you can also check your FD balance online by logging into your net banking account and enquire about your FD balance from there.

Can I download the Central Bank FD application form online?

Yes, you can download the Central Bank fixed deposit application form from the official website of the Central Bank of India. You can fill it out and submit the same in the branch along with other necessary documents to open a FD account.

Central Bank of India Senior Citizen FD Rates

Stable Money Team

Author Updated on Apr 12, 2025

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Central Bank of India, established in 1911 was the first ever Indian commercial bank which was entirely owned and managed by Indian nationals. It is among the leading public sector undertakings in the country. It has a massive network of 4493 plus branches, 3644 ATMs and 10 satellite offices across the country.

It offers a wide variety of fixed deposit schemes and attractive rates of interest along with an additional rate of 0.50% for senior citizens. Here in this article, we have discussed more about Central Bank of India FD rates for senior citizens, application procedure, eligibility and more.

Central Bank of India Senior Citizen FD Rates 2023

The Central Bank of India offers fixed deposits from a minimum duration of 7 days to a maximum of up to 10 years. Here are the Central Bank of India fixed deposit rates for senior citizens for amounts less than ₹2 crore.

Tenure	Interest Rates
7 to 14 days	4.00%
15 to 30 days	4.25%
31 to 45 days	4.25%
46 to 59 days	4.50%
60 to 90 days	4.75%
91 to 179 days	5.00%
180 to 270 days	6.00%
271 to 364 days	6.25%
1 yr to less than 2 yrs	7.25%
2 yr to less than 3 years	7.25%
3 yr to less than 5 years	7.00%
5 years & above up to 10 years	6.75%

The FD rates on a bulk deposit are comparatively higher than a regular FD scheme. Here are the applicable interest rates for senior citizen bulk deposits amounting to Rs. 2 crore to Rs. 10 crore.

Tenure	Interest Rates
7 to 14 days	5.25%
15 to 30 days	5.25%
31 to 45 days	5.75%
46 to 59 days	5.75%
60 to 90 days	5.00%
91 to 179 days	6.00%
180 to 270 days	6.50%
271 to 364 days	6.75%
1 yr to less than 2 yrs	7.25%
2 yr to less than 3 years	6.50%
3 yr to less than 5 years	6.00%
5 years & above up to 10 years	6.00%

Features & Benefits of Central Bank of India Senior Citizen FD Rates

Here are some of the features and benefits you can avail from the Central Bank of India upon investing in senior citizen FD.

The Central Bank of India is offering an additional rate of 0.50% to the senior citizens across all the schemes including the tax saver depositors scheme.
You can make premature withdrawals but it is subject to a penalty charge of 1% if the amount is above ₹5 lakhs.
Depositors can add a nomination for their fixed deposit, who shall be the custodian of the deposit and get the amount deposited along with interest earned in case of death of the actual account holder.
You can also avail auto-renewal facility by simply providing a standing instruction while filling out the FD application form.
The bank also offers the convenience of opening and managing fixed deposit accounts seamlessly online right from the comfort of your home.

How to Book Senior Citizen FD from the Central Bank of India?

If you are above 60, you can earn the attractive Central Bank of India FD rates for senior citizens, which can go as high as 7.25% per annum. You can book your senior citizen fixed deposit either online or by traditionally visiting the bank branch.

Online

Internet Banking
Here is the step-by-step guide to apply for a senior citizen FD online through internet banking.
Step 1: Log in to the Central Bank of India’s internet banking portal using your credentials.
Step 2: Then navigate to the “Online Deposit” tab and choose the type of fixed deposit.
Step 3: Then an interface will appear on your screen where you will have to fill in some of the necessary details such as amount of FD, tenure and offer some standing instructions such as auto-renewals, nomination etc.
Step 4: Verify the above-entered details and submit.
Step 5: You will receive a confirmation stating that your fixed deposit has been booked successfully.

Offline

Here are the steps that will guide you to book a senior citizen FD using the offline mode:
Step 1: Visit your nearest Central Bank of India branch along with all the necessary documents.
Step 2: Approach a bank official and obtain a fixed deposit account opening form.
Step 3: Carefully fill up the application form, if you face any sort of queries you can ask the bank officials.
Step 4: Attach the necessary documents with the application form and submit.
Step 5: Upon successful verification of your documents the banker will provide an acknowledgement receipt stating that your FD account has been successfully created.

Documents Required

Here are some of the necessary documents required to book a senior citizen FD from the Central Bank of India:

PAN card or form 60/61
Proof of identity (aadhaar card, driving license, passport, voter ID)
Proof of address (driving license, aadhaar card, utility bill, ration card etc.)
Age proof (For senior citizens: voter ID, driving license, PAN card etc. )
Recent passport-size photograph
Any other documents that the bank might ask from time to time

Eligibility to Open Senior Citizen FD

The Central Bank of India FD interest rate for senior citizens is quite attractive and account holders can earn an additional 0.50% interest over and above the regular rates. A basic eligibility criteria needs to be met to book a senior citizen fixed deposit which are as follows:

Applicant type: The type of applicants includes Indian residents (can be individuals, joint account holders, minors), charitable trusts, educational trusts, partnership firms, HUFs, joint stock companies, clubs, societies and blind or illiterate persons.
Applicant age: To qualify as a senior citizen the applicant must be of 60 years of age.

Conclusion

To conclude, now that you are aware of the attractive Central Bank of India FD rates for senior citizens you can take the benefit of it. Fixed Deposits are indeed one of the most low-risk investment options available in the market. It is especially beneficial for senior citizens as the risk appetite at that phase of life is the lowest. However, it is always recommended to read all the scheme-related information and check the interest rates before making any significant investments.