Central Bank FD Rates: Central Bank of India has increased interest rates on fixed deposit rates by up to 75 bps. Along with this, a special scheme has been started. The Central Bank of India has increased the interest rate on FDs maturing in 271-364 days by 50 bps from 4.75% to 5.25%.
Central Bank FD Rates: Central Bank of India, one of the leading public sector lenders, has increased interest rates on fixed deposits of less than Rs 2 crore and offered a special fixed deposit scheme for retail investors. After the revision, the bank increased FD rates by up to 75 basis points. Along with this, the bank has also changed the interest rates of its savings account.
The Central Bank of India has launched special 555- and 999-day FD schemes, under which it is now offering a maximum interest rate of 6.75% for non-callable deposits and 6.50% for callable deposits.
Central Bank of India Savings Account Interest Rates
Central Bank of India has revised its interest rates on savings accounts and the new rates will be effective from 15.11.2022. At the end of the day, the bank is offering an interest rate of 2.90 per cent per annum on savings account balances up to Rs 10 crore and on savings account balances above Rs 10 crore, the bank will now promise an interest rate of 3.00 per cent per annum .
Central Bank of India FD Rates
The bank increased interest rates on fixed deposits maturing in 7-14 days by 25 basis points (bps) to 3.00% from 2.75%, and the Central Bank of India cut interest rates on deposits maturing in 15-30 days. increased by 35 bps from 2.90% to 3.25%. The interest rate on fixed deposits (FDs) maturing in 31 to 45 days has been increased by 25 basis points (bps), from 3.00% to 3.25%.
There has been an increase of 75 bps on FDs maturing in 46 to 90 days. It has been increased from 3.50% to 4.25%. On FDs maturing in 91-179 days, the bank has increased the interest rate by 50 bps from 4.00% to 4.50% and on those maturing in 180-270 days, the Central Bank of India has increased the interest rate to 4.65% has increased by 60 bps from Rs. Up to 5.25%.
Central Bank of India has increased the interest rate on FDs maturing in 271-364 days by 50 bps from 4.75% to 5.25% and those maturing in 1 year by 60 bps from 5.55% to 6.15 % have make. 2 years The bank increased interest rates on FDs maturing in 2 years by 40 basis points (bps), from 5.60% to 6% and those maturing in 3 years by 25 bps, from 5.50% to 5.75%. Deposits maturing in five years or more and up to ten years will now earn an interest rate of 5.60%, which is 15 basis points higher than the previous rate of 5.75%.
