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21st March 2016, 03:07 PM
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Join Date: May 2012
Re: FD Interest Rate in Central Bank of India

Central Bank of India (CBI) is a Well-Known Public-Sector Bank in India.

It Provides Fixed Deposit Schemes at Varying Tenors and Competitive Interest Rates.


FD Interest Rates are Increased by 0.5% on all Existing Rates for Deposit-Holdings by Senior Citizens.

This Puts Returns for Senior Citizens in the Range of 6.5% to 9.25%.

Central Bank of India Short-Term FD Rates

The Shortest Period of Holding is 30 days for which the interest rate stands at 6%. It is enhanced by 1.5% for holdings of 60 and 90 days to 7.5%. Returns on a 120-day scheme is 8.2%. This is decreased, marginally, to 8.0% for holdings of 6 and 9 months.
Central Bank of India Medium and Long-Term FD Rates

Rates are highest on tenors of 1 and 1.5 years at 8.75% and are lower by 0.25% on tenors of 3 years and above (up to 5 years) at 8.50%.
Central Bank of India Senior Citizen FD Rates

FD interest rates are increased by 0.5% on all existing rates for deposit-holdings by senior citizens. This puts returns for senior citizens in the range of 6.5% to 9.25%.

CBIs FD rates are comparably more attractive for short and medium-term holdings when compared to other banks with similar products.


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