What is the highest Central Bank of India FD rate for senior citizens?

The highest Central Bank Senior Citizen FD rate is 6.75% p.a. for deposits between 5 and 10 years.

Is Central Bank FD Safe for Senior Citizens?

Central Bank fixed deposits are safe as deposits up to ₹5 lakh per depositor per bank are covered under DICGC insurance.

Can senior citizens get a monthly income from a central Bank of India FD?

Yes, the Central Bank of India offers non-cumulative fixed deposits where interest can be paid monthly, quarterly, half-yearly, or annually.

What is the minimum amount required to open a Central Bank of India Senior Citizen FD?

The minimum amount required to open a Central Bank Senior Citizen Fixed Deposit is ₹1,000.

Is interest earned on Central Bank Senior Citizen Fixed Deposits taxable?

Yes. Interest earned on Central Bank Senior Citizen Fixed Deposits is taxable as per the applicable income tax slab. Banks may deduct TDS if annual FD interest exceeds the prescribed threshold limit.

Central Bank of India Senior Citizen Fixed Deposit Rates

Name: Central Bank of India Senior Citizen FD Rates
Brand: Interest Rates
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Central Bank of India offers attractive FD rates for senior citizens ranging from 3.50% to 6.75% p.a. across tenures of 7 days to 10 years. Continue reading for the latest Central Bank of India Senior Citizen FD rates and special FD schemes for senior citizens.

Central Bank Senior Citizen FD Snapshot	Details
Highest Senior Citizen FD Rate	6.75%
FD Tenure Range	7 to 10 Years
Minimum FD Amount	Rs. 1000/-
Premature Withdrawal Facility	Available with a penalty of 0.5% to 1%
Loan Against FD	Up to 90% of the fixed deposit amount.

Central Bank Senior Citizen FD Rates (Less Than ₹3 Crore)

The table below provides a detailed breakdown of Central Bank of India Senior Citizen FD rates for fixed deposits below ₹3 crore across different tenure options

Tenure	Senior Citizen FD Rates (per annum)
7 -14 days	3.50%
15 – 30 days	4.00%
31 - 45 days	4.00%
46 – 59 days	4.75%
60 – 90 days	4.50%
91 – 179 days	4.75%
180 – 270 days	6.00%
271 – 364 days	6.00%
1 yr to less than 2 yrs	6.60%
2 yr to less than 3 years	6.75%
3 yr to less than 5 years	6.50%
5 years & above up to 10 years	6.50%

ALSO READ: Suryoday Small Finance Bank Senior Citizen Fixed Deposit Interest Rates

Use the Central Bank FD Calculator below to estimate the maturity amount and interest earned on your Central Bank of India fixed deposit based on your investment amount, tenure, and applicable FD rate.

Central Bank of India Super Senior Citizen FD Rates

The Central Bank offers an additional interest rate to super senior citizens, typically individuals aged 80 years and above. Here is a breakdown of Central Bank super senior citizen fixed deposit rates:

Tenure	Super Senior Citizen FD Rates (per annum)
7 -14 days	3.75%
15 – 30 days	4.25%
31 - 45 days	4.25%
46 – 59 days	5.00%
60 – 90 days	4.75%
91 – 179 days	5.00%
180 – 270 days	6.25%
271 – 364 days	6.25%
1 yr to less than 2 yrs	6.85%
2 yr to less than 3 years	7.00%
3 yr to less than 5 years	6.75%
5 years & above up to 10 years	6.75%

ALSO READ: Indian Bank Senior Citizen Fixed Deposit Interest Rates

Central Bank of India Senior Citizen FD Rates (Above ₹3 Crore)

The Central Bank offers a separate set of FD interest rates for senior citizens looking to invest more than ₹3 crore, depending on the tenure. Here is a quick breakdown of senior citizen FD rates above 3 crore-

Tenure	Senior Citizen FD Rates (per annum)
7 -14 days	4.50%
15 – 30 days	4.75%
31 - 45 days	4.75%
46 – 59 days	5.25%
60 – 90 days	5.00%
91 – 179 days	5.00%
180 – 270 days	6.00%
271 – 364 days	6.00%
1 yr to less than 2 yrs	6.60%
2 yr to less than 3 years	6.75%
3 yr to less than 5 years	6.50%
5 years & above up to 10 years	6.50%

ALSO READ: Union Bank Senior Citizen Fixed Deposit Interest Rate

Compare Central Bank Senior Citizen FD Interest Rates with Other Banks

Several banks currently offer higher interest rates than Bank of India for specific tenures. The table below compares Central Bank of India senior citizen Fixed Deposit rates with other banks' FD rates.

Bank	Highest Rate
Central Bank of India	6.75% (2 yr to less than 3 years)
Shivalik Small Finance Bank	8.30% (21 to 22 Months)
Suryoday Small Finance Bank	8.25% (30 Months)
Utkarsh Small Finance Bank	8.25% (666 Days)
Jana Small Finance Bank	8.00% (370–380 Days)
Mahindra Finance	7.80% (48 to 60 Months)
Yes Bank	7.75% 18 < 24 months and 36 to < 60 months)
Indusind Bank	7.75% (24 to 36 Months)
Shriram Finance Bank	7.75% (36 to 60 Months)
Bajaj Finance	7.75% (31 to 60 Months)
RBL Bank	7.70% (18 to 36 months)
Sundaram Finance	7.50% (24 to 60 Months)
Bank of India	7.45% (3 years)
ICICI Housing Finance	7.35% (48 to 60 Months)
Kotak Mahindra Bank	7.30% (2 to 3 Years)
Canara Bank	7.10% (555 Days)
ICICI Bank	7.10% (3 to 5 Years)
SBI	7.05% (5 to 10 Years)
HDFC Bank	7.00% (3 to 4 Years)
Bank of Baroda	7.25% (555 Days)