Central Bank of India Saving Schemes: Despite the 1.25 percent reduction in repo rate this year, many banks are still offering great interest on FD accounts. Let us tell you that the Reserve Bank of India (RBI) keeps changing the repo rate depending on the need. When RBI increases the repo rate, FD interest rates also increase. Similarly, when RBI reduces the repo rate, the interest on FD also reduces. Today here we will tell you about such an FD scheme of Central Bank of India, in which fixed interest of up to Rs 21,341 can be earned by depositing just Rs 1 lakh.
FD account can be opened in Central Bank of India for at least 7 days.
Central Bank of India, a government bank, is offering interest ranging from 3.00 percent to 6.80 percent on FD accounts. In Central Bank of India, you can open an FD account for a minimum period of 7 days to a maximum of 10 years. This government bank is offering the highest interest of 6.30 percent to general citizens and 6.80 percent to senior citizens on special FD scheme of 444 and 555 days. Central Bank of India is offering an excellent interest rate of 6.00 percent to general citizens and 6.50 percent to senior citizens on FD scheme with a tenure of 3 years.
On depositing Rs 1,00,000 you will get fixed interest up to Rs 21,341
If you are a normal citizen and deposit Rs 1 lakh in a 3-year FD in Central Bank of India, then you will get a total of Rs 1,19,562 on maturity, which includes fixed interest of Rs 19,562. If you are a senior citizen and deposit Rs 1 lakh in a 3-year FD in Central Bank of India, you will get a total of Rs 1,21,341 on maturity, which includes fixed interest of Rs 21,341. As we told you that Central Bank of India is a government bank, that means your money is absolutely safe in it. Let us tell you that under the FD scheme, you get your principal amount and fixed interest back with guarantee on maturity.
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