Central Bank of India RD Interest Rates 2025

Recurring Deposit Interest Rates offered by Central Bank of India when it comes to Recurring Deposit Scheme (RDS) and CENT Swa-Shakti Flexi Recurring Deposit Schemes are listed below:

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Interest Rate for deposits more than Rs. 3 crores up to Rs.10 crores 

Tenure	Interest Rate for General Citizens (p.a.)	Interest Rate for Senior Citizens (p.a.)
180 – 270 days	5.50%	6.00%
271 – 364 days	5.50%	6.00%
1 year to less than 2 years	6.60%	7.10%
2 years to less than 3 years	6.70%	7.20%
3 years to less than 5 years	6.50%	7.00%
5 years & above up to 10 years	6.50%	7.00%

Note: The rate of interest listed above is as on 8 August 2025 and is subject to change at the discretion of the bank. 

Interest Rate for deposits less than Rs. 3 crores 

Tenure	Interest Rate for General Citizens (p.a.)	Interest Rate for Senior Citizens (p.a.)
180 – 270 days	5.50%	6.00%
271 – 364 days	5.50%	6.00%
1 year to less than 2 years	6.60%	7.10%
2 years to less than 3 years	6.70%	7.20%
3 years to less than 5 years	6.50%	7.00%
5 years & above up to 10 years	6.50%	7.00%

Note: The rate of interest listed above is as on 8 August 2025 and is subject to change at the discretion of the bank. 

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Types of Central Bank of India Recurring Deposit Schemes

Recurring Deposit	This scheme is designed for people with regular income. One of the major benefits of this RD scheme is that any minor above 10 years of age who can read and write can operate this account. However, the monthly instalment is limited to Rs.500 and the maximum maturity value should not exceed Rs.50,000. Senior citizens, staff or ex-staff widow, and ex-staff plus senior citizen can enjoy additional rates of 0.5%, 1%, and 1.5% respectively on the deposits.
Cent Swashakti (Flexi Recurring Deposit Scheme)	You can open this RD account with an amount of Rs.100. Minors below 10 years can apply jointly with their guardians for this scheme. The best part of this scheme is that other than the core amount you can also deposit additional funds. The tenure ranges from 6 months to 10 years. No penalty is charged for delayed instalment or premature withdrawal.
Cent Lakhpati	It is a new scheme that lets you earn an interest in the range of 6.45% to 6.65% p.a. on the deposited amount. The tenure ranges between 1 year and 10 years.
Cent Millionaire	This RD scheme lets you enjoy attractive interest rate of 6.45% p.a. for the amount deposited for a period of 10 years.

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Benefits of Central Bank of India Recurring Deposits

1. Attractive interest rates
2. Additional rates for senior citizens
3. Nomination facility available
4. Minors below 10 years of age can apply jointly with their guardians
5. Loan against deposit facility available

Central Bank of India RD Calculator 2025

You can take the help of online RD calculator to calculate the interest on your RD. The process is simple and hassle-free. All you need to do is enter all the details pertaining to your RD account, including the amount, tenure, and rate of interest.

Put your money in RD schemes offered by Central Bank of India and enjoy competitive rates. However, to enjoy better returns, look for other investment vehicles like mutual funds, fixed deposits, stocks, and bonds, among others.

RD Interest Rates by Banks

1. Uco Bank RD Interest Rates
2. Central Bank RD Interest Rates
3. Federal Bank RD Interest Rates
4. Indian Bank RD Interest Rates
5. Kotak Mahindra RD Interest Rates
6. IOB RD Interest Rates
7. Citybank RD Interest Rates
8. Indusind Bank RD Interest Rates
9. BOM RD Interest Rates

Articles On RD

1. Recurring Deposit Vs. Chit Fund
2. Miss to Pay the Recurring Deposit Due
3. Difference Between Recurring Deposit and SIP
4. Open RD Account through HDFC NetBanking
5. RD Account in SBI
6. Advantages of Recurring Deposit
7. Flexi RD
8. SBI Flexi RD Schemes
9. Monthly Recurring Deposit
10. Indian Bank Recurring Deposit
11. Union Bank Recurring Deposit
12. UCO Bank Recurring Deposit

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FAQs on Central Bank of India RD Interest Rates

• What is the maximum ceiling under the Cent Swa-Shakti Flexi Recurring Deposit scheme?

  The maximum ceiling is Rs.1 lakh under the Cent Swa-Shakti Flexi Recurring Deposit scheme.

• What is the maturity value under the Cent Lakhpati RD scheme?

  The maturity value is above Rs.1 lakh.

• Can Hindu Undivided Families (HUFs) open an RD account with the bank?

  Yes, Hindu Undivided Families can open a recurring deposit account.

• Can I avail loan, overdraft and advances under the Cent Swa-Shakti Flexi Recurring Deposit scheme?

  Yes, you can avail a loan, overdraft and advances of up to 90% under the Cent Swa-Shakti Flexi Recurring Deposit scheme.

• Is TDS applicable on the interest earned when you deposit money under the Cent Millionaire Recurring Deposit Scheme?

  Yes, TDS is applicable on the interest earned.

• Are the RD interest rates different for different tenure options at Central Bank of India?

  Yes, Central Bank of India offers different interest rates for different tenure options on RD accounts. Typically, longer tenure RDs may attract higher interest rates compared to shorter tenure RDs. 

• Can existing customers avail themselves of any special interest rates on RDs with Central Bank of India?

  Existing customers of Central Bank of India can avail themselves of may be eligible for special interest rates or promotional offers on RDs only if they are eligible for it as per the bank policy. Customers are recommended to inquire with the bank or check the official website about any ongoing promotions or loyalty benefits. 

• How frequently are the RD interest rates revised by the Central Bank of India revise?

  Central Bank of India may revise its RD interest rates periodically based on regulatory changes, market conditions, and internal policies. 

• What is the minimum deposit required to open an RD account with Central Bank of India?

  The minimum deposit required to open an RD account with Central Bank of India may vary depending on the specific account type and tenure. The Central Bank Recurring Deposit (RD) scheme allows a minimum deposit of Rs.500 but the customers should contact the bank directly or refer to their official website to get accurate information. 

• Are senior citizens offered any additional benefits on RD interest rates by Central Bank of India?

  Yes, Central Bank of India offer additional RD interest rates for senior citizens, providing them with higher returns on their investments. 

• Can I prematurely withdraw my RD with Central Bank of India affect the interest earned?

  Yes, interest may be affected by premature withdrawal of RDs with Central Bank of India. Premature withdrawals are allowed, subject to certain terms and conditions but such premature withdrawals may attract penalties, and the interest earned might get affected accordingly. 

• Does Central Bank of India offer any online RD calculators to estimate returns?

  Yes, Central Bank of India may provide online RD calculators on their official website or through their mobile banking app that enables the customers to estimate their return corresponding to their investment. 

• Does Central Bank of India offer competitive RD interest rates compared to other banks?

  Central Bank of India offer competitive RD interest rates to attract and retain more customers. It is recommended that customers must compare RD interest rates across multiple banks to decide where to invest based on individual financial goals and preferences. 

• What documents are needed to open an RD account?

  Some of the essential documents that are required to open an RD account in Central Bank of India are Proof of residency, PAN Card, Form 60 or 61, and ID proof; two passport-sized photograph; dully filled and signed application form; any other KYC (Know Your Customer) document; and other relevant document required for Minors, Partnership Firms, Companies, HUFs candidates. 

• Can I close my deposit before it matures?

  Yes, you can close your RD account prematurely in Central Bank of India in case you need emergency fund, but penal interest may be imposed for premature withdrawals. 

• How can I apply for a recurring deposit in Central Bank of India?

  You can apply for an RD account in Central Bank of India by first opening a savings account first if you are a new customer. If you are an existing customer, then you can apply for an RD account either online or by visiting the branch. 

• Who can open an RD account with Central Bank of India?

  Any individual alone or jointly can open an RD account in Central Bank. Apart from them other entities who can the RD account in this bank are, minor of 10 years of age; minors under legal or natural guardian; illiterate or blind; and Commercial Organization, Company or Corporate Body Hindu Undivided Family Association, Trust or Religious or Charitable Educational Institutions, Club, Society, Municipality or Panchayat, Government or Quasi-Governmental Body.

• What are the tax implications over the RD from Central Bank of India?

  TDS (Tax Deducted at Source) at the rate of 10% would be deducted over the RD from Central Bank of India if the total interest deducted surpasses Rs.10,000 in the fiscal year. In case excess TDS has been deducted, you claim refund by filing ITR. 

• Is there any criteria for opening an RD account for minors?

  To open a Recurring Deposit account for minors, the maturity value must be at most Rs. 50,000, and the maximum monthly instalment is limited to Rs. 500. 

• Do RD accounts offer additional interest rates to senior citizens and bank staff?

  Yes, the bank provides additional interest rates for senior citizens, bank staff, ex-staff, widows or widowers of staff, and ex-staff who are also senior citizens. These additional rates are applied on top of the standard rates offered to regular customers. Senior citizens receive an extra 0.5% interest, staff, ex-staff, and widows/widowers of staff receive an extra 1% interest, and ex-staff who are also senior citizens receive an additional 1.5% interest. 

• Does the RD account offer an auto-renewal facility upon maturity?

  No, RD accounts do not offer auto-renewal upon maturity. The proceeds from overdue RD accounts will not be automatically renewed. Instead, you can choose to reinvest the proceeds into a term deposit account. The interest rate for this term deposit will be based on either the rate applicable to the period the proceeds remained with the bank or the prevailing bank rates, whichever is lower. 

• How do I access the maturity amount of my Recurring Deposit?

  The maturity amount of the RD will be paid in cash if it is up to Rs. 20,000. For maturity amounts exceeding Rs. 20,000, the funds will be credited to the customer’s savings account or issued as a demand draft.