Fixed Deposit Details
Bank Name
Central Bank of India
Eligibility
A person in his individual capacity. More than one person in their joint names A minor jointly with a major A minor over the age of 10 years who can read and write and operate the account personally.(Maturity value should not exceed Rs.50000/-) Charitable and educational institutions. HUF Blind Persons Illiterate persons Private Traders , Merchants , Agents , Professionals Partnerships Firms , Companies Clubs , Societies & Corporates.
Interest Rate
Up to 7.50%.
Tenure
7 days to 120 months.
Fixed Deposit Type
Regular
Fixed Deposit Receipt (FDR)
Tax Benefits
None
Credit Ratings
CRISIL A1+
Interest Payment Frequency
Half-yearly, Maturity.
Cummulative/Non-Cummulative
Non Cumulative
Features
- Minimum deposit amount of Rs 100.
- There is no maximum limit for the maximum deposit amount.
- You can get a loan against fixed deposits.
- The minimum deposit period is 7 days and the maximum is 10 years.
- Additional concession in interest rate for senior citizens.
Minimum Investment Amount
100
Features & Benefits
Pros
- Minimum deposit amount of Rs 1,000.
- Loans against deposits are available for up to 90% of the deposit amount.
- No limit on the maximum deposit amount.
Cons
- No cumulative interest payout options.
Pros & Cons
How to Open?
1. Visit a Branch:
- Locate your nearest Central Bank of India branch.
- Bring the required documents: Identification proof (Aadhaar card, PAN card, passport, etc.) Address proof (utility bill, ration card, etc.)Passport-sized photographs
2. Fill Out the Application Form:
- Obtain an FD application form from the bank.
- Fill in the necessary details, including:Deposit amount Tenure (duration of the FD)Nominee details (if any) Contact information
3. Submit Documents and Deposit Funds:
- Submit the completed application form along with the required documents.
- Deposit the desired amount for your FD.
4. Receive the Fixed Deposit Receipt (FDR):
- Once the process is complete, you will receive an FDR as proof of your investment.
Product Review
About this content
Public source: Original MyRupaya page
Captured 2026-11-06T10:59:10Z. Public page text has been preserved and restyled. Historical financial/product information may be outdated. Embedded widgets and forms are not copied or connected to live services.
