Central Bank of India FD Rates: The interest rate of FD has been increased by the Central Bank of India. Let’s see the new list of increased interest rates.
Central Bank of India FD Rates: When it comes to adopting a savings plan, the first thing we all think of is fixed deposits. Millions of people like to invest their savings in FD. If you are also one of them or you have also invested in the fixed deposit scheme of Central Bank of India, then there is good news for you.
Actually, the interest rate of FD has been increased by the Central Bank of India. In such a situation , you will be able to get the benefit of higher interest rate on fixed deposits of less than Rs 2 crore . Let us know what interest rate will be available on FD for how many days?
How much interest will be given on FD less than Rs 2 crore?
Central Bank of India has increased its FD interest rates. The bank has revised the interest rate on its FDs of less than Rs 2 crore. Customers are getting the benefit of 3.5 to 7 percent interest rate on fixed deposits ranging from 7 days to 10 years. Whereas, senior citizen customers are getting interest rates ranging from 4 to 7.50% on FD.
When will the new interest rate come into effect?
Central Bank of India has implemented a new interest rate on FDs of 2 years to less than 3 years. From January 10, 2024, common people will get 7 percent interest rate on FDs of less than 3 years. Whereas, senior citizens will get the benefit of interest up to 7.50 percent.
See the new list of interest rates
- Interest up to 3.75 percent will be available on FD of 7 days to 14 days.
- Interest up to 3.75 percent will be available on FD of 15 days to 45 days.
- Interest up to 4.50 percent will be available on FD of 46 days.
- Interest up to 4.75 percent will be available on FD of 60 days to 90 days.
- Interest up to 5.50 percent will be available on FD of 91 days to 179 days.
- Up to 6 percent interest will be available on FD of 180 days to 270 days.
- Interest up to 6.25 percent will be available on FD of 271 days to 364 days.
