Central Bank 1 Year FD rate: 6.7% (general) & 7.2% (senior citizen). Maturity for ₹5 Lakh: ₹5,34,351.
| Year | Deposit | Interest Earned | Maturity Value |
|---|
Central Bank of India offers 1 Year Fixed Deposit at 6.7% p.a. for general citizens and 7.2% p.a. for senior citizens. Interest is compounded quarterly. Premature withdrawal policy: 0.50% penalty on applicable rate.
Tenure: 1 Year · Quarterly compounding
| Deposit Amount | Maturity Amount | Interest Earned | Total Return |
|---|---|---|---|
| ₹25K | ₹26,718 | ₹1,718 | 6.9% |
| ₹50K | ₹53,435 | ₹3,435 | 6.9% |
| ₹1 Lakh | ₹1,06,870 | ₹6,870 | 6.9% |
| ₹2 Lakh | ₹2,13,740 | ₹13,740 | 6.9% |
| ₹5 Lakh | ₹5,34,351 | ₹34,351 | 6.9% |
| ₹10 Lakh | ₹10,68,702 | ₹68,702 | 6.9% |
| ₹25 Lakh | ₹26,71,756 | ₹1,71,756 | 6.9% |
| ₹50 Lakh | ₹53,43,511 | ₹3,43,511 | 6.9% |
| ₹1 Crore | ₹1,06,87,023 | ₹6,87,023 | 6.9% |
Central Bank offers 1 Year Fixed Deposit at 6.7% p.a. for general citizens and 7.2% p.a. for senior citizens in 2026. Rates are subject to change.
A ₹5 Lakh FD in Central Bank for 1 Year at 6.7% (quarterly compounding) will mature to approximately ₹5,34,351. The interest earned would be ₹34,351.
Yes, Central Bank offers an additional benefit for senior citizens with a rate of 7.2% p.a. for 1 Year FD, which is 0.50% higher than the general rate.
The minimum deposit amount for Central Bank Fixed Deposit is ₹1,000. Interest is compounded quarterly.
Yes, premature withdrawal is allowed. Central Bank's premature withdrawal policy: 0.50% penalty on applicable rate. It's recommended to keep the FD till maturity for maximum returns.