Central Bank of India FD Rates: Public sector Bank of Baroda is among those banks which are offering best deals to customers on FDs of 2 years to 3 years. According to the information received from the official website of the bank, the increased new interest rates have come into effect from January 10, 2024.
New Delhi. Whenever there is talk of savings, the name of fixed deposit (FD) definitely comes up. Your investment in fixed deposit is safe, and you also get guaranteed returns. If you also want to invest in FD then this is useful news for you. In fact, the big public sector lender Central Bank of India, which has completed 113 years of its establishment, has changed the interest rates on fixed deposits (FD) of less than Rs 2 crore.
After this change in interest rates, the bank will give 3.5 percent to 7 percent interest to its general customers on FD of 7 days to 10 years. At the same time, the bank will give interest of 4 percent to 7.50 percent to its senior citizen customers during the same time period.
New interest rates have come into effect from January 10
After this change in interest rates, Central Bank of India will give a maximum interest of 7 percent to its general customers on FDs of 2 years to less than 3 years, while the bank will give 7.50 percent interest to its senior citizen customers on the same time period. According to the information received from the official website of the bank, the increased new interest rates have come into effect from January 10, 2024.
Central Bank of India FD rates
After this change in interest rates, the bank is offering 3.5 percent to its general customers on FD of 7 days to 14 days, 3.75 percent on FD of 15 days to 45 days, 4.50 percent on FD of 46 days to 59 days and 4.50 percent on FD of 60 days to 90 days. Will give 4.75 percent interest on FD. On the other hand, the bank will give 5.50 percent interest on FD of 91 days to 179 days and 6 percent interest on FD of 180 to 270 days. The bank is now guaranteeing 6.25 percent return on deposits maturing in 271-364 days.
Highest interest on deposits between 2 to 3 years
Central Bank of India is now giving interest rate of 6.75 percent on deposits maturing in less than 1 year to 2 years. The bank is now offering 7.00 percent interest rate on deposits between 2 to 3 years and 6.50 percent interest rate on deposits less than 3 to 5 years. Now 6.25 percent interest will be given on deposits maturing between 5 years to 10 years.
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