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Investments often bring to mind putting aside a big lump sum. But saving doesn’t always have to be that way. With a recurring deposit (RD), you can start small. Just put aside a fixed amount every month. At maturity, you still get assured returns.
The Central Bank of India is one of the oldest public sector banks. It offers RDs that are safe, flexible and easy to manage. The Central Bank of India RD interest rates 2025 range from 3.50% to 6.50% for the general public. For senior citizens, the rates are between 4.00% and 7.00%. These are official card rates and may change.
Keep reading to know the latest rates, features and how you can open an RD.
A recurring deposit (RD) is a simple savings plan. You invest a fixed monthly amount for a chosen tenure. At maturity, you get your deposits back along with interest. The Central Bank of India RD is best for regular savers. It offers guaranteed returns without the risks that come with market-linked products.
Central Bank of India RD Interest Rates 2025
This table shows the current Central Bank RD interest rates for deposits below ₹3 crore. Senior citizens get 0.50% more than regular customers across all tenures.
Maturity Period
General public (p.a.)
Senior citizens (p.a.)
7 – 14 days
3.50%
4.00%
15 – 45 days
3.75%
4.25%
46 – 90 days
4.50%
5.00%
91 – 179 days
5.00%
5.50%
180 – 364 days
5.50%
6.00%
1 yr to < 2 yrs
6.40%
6.90%
2 yr to < 3 yrs
6.50%
7.00%
3 yr to 10 yrs
6.25%
6.75%
The Central Bank of India RD interest rate can change whenever the bank updates it. This is why you should always verify the latest card rate on the bank’s official website before booking.
Types of RD Schemes at the Central Bank of India
The Central Bank of India offers special recurring deposit products that come with unique benefits. Here are two key options:
Cent Surakshit Samriddhi RD
A recurring deposit that also provides life insurance cover
Available for individuals aged 18 to 50 years
Minimum monthly instalment ₹10,000 in multiples of ₹10,000
Fixed tenure of 84 months
Maturity and insurance cover around 100 times the instalment (TDS applies)
Account opening is only available offline
Cent Swa-Shakti Flexi RD
Choose a core instalment and add extra anytime
Minimum core ₹100 per month, maximum ₹1,00,000
Tenures up to 120 months
Deposit up to 10 times the core in any month
No penalty for delay or early closure
Free transfer across branches
These products are designed for different needs. One offers security with insurance, while the other gives flexibility with variable instalments.
How to Apply for a Central Bank RD?
You can open an RD in two ways:
Online: Use the Central Bank of India’s internet or mobile banking. Select the RD option, enter the amount and tenure and confirm details.
Offline: Visit your nearest branch, fill out the RD form and submit KYC documents. You would need your PAN, Aadhaar or voter ID along with proof of address.
What to Remember Before Opening a Central Bank of India RD?
Keep these points in mind before you open an RD:
Central Bank RD interest rates change: The Central Bank of India RD interest rateis revised regularly.
Taxable interest: TDS applies above ₹40,000 (₹50,000 for seniors). Form 15G or 15H helps avoid it if your income is below the limit.
Penalties for delays: Missed instalments attract penalties. It’s best to set up auto-debit for smooth payments.
Premature closure: You can close the RD early. No penalty will apply to the interest of the Cent Swa-Shakti Flexi Recurring Deposit.
Tenure choice matters: Pick a tenure that matches your savings goal. Longer terms may fetch slightly better rates.
Recurring deposits are a safe way to save without risk. The Central Bank of India RD interest rate is competitive and rewarding, especially for senior citizens.
And, if you want to invest a lump sum, an FD can be a great choice. It helps you earn fixed returns, whether your goal is short-term or long-term. With Fibe, you can start a fixed deposit from just ₹1,000! Download the Fibe App now and book an FD in a few minutes!
FAQs on Central Bank of India RD Interest Rates
What is the maximum tenure available for RD with the Central Bank of India?
You can choose tenures going up to 10 years. Just pick a period that matches your investment goals.
Are Central Bank of India RD rates the same for regular customers and staff?
Staff and retired staff enjoy higher returns than regular customers. Staff and ex-staff including widows or widowers get 1.0% extra. If someone is both ex-staff and a senior citizen, the benefit goes up to 1.5%.
Is there a penalty for delayed or missed RD instalments in the Central Bank of India?
A penalty is charged if you miss instalments. For deposits up to 60 months, it is ₹1.50 per month per ₹100. For deposits above 60 months, it is ₹2.00 per month per ₹100. Setting up auto-debit is the easiest way to avoid penalties.
