This government bank hikes FD rates by up to 75 bps, launches special FD schemes

Central Bank Of India Savings Account Interest Rates

Central Bank of India has revised its interest rates on savings accounts and the new rates will be effective from 15.11.2022. On the savings account balance at the end of the day At the end of the day above the bank is offering an interest rate of 2.90 p.a. and Rs.10 crores on savings account balance 10 crore bank will now promise interest rate of 3.00 per annum

Central Bank Of India FD Rates

The bank increased interest rates on fixed deposits maturing in 7-14 days by 25 basis points (bps) from 2.75% to 3.00%, and the Central Bank of India on deposits maturing in 15-30 days. increased by 35 bps, from 2.90% to 3.25%. The interest rate has increased by 25 basis points (bps) on fixed deposits (FDs) maturing in 31 to 45 days, from 3.00% to 3.25%, and on FDs maturing in 46 to 90 days by 75%. bps has increased. 3.50% to 4.25%. On FDs maturing in 91-179 days, the bank has increased the interest rate by 50 bps from 4.00% to 4.50% and on FDs maturing in 180-270 days, the Central Bank of India has increased the interest rate to 4.65%. increased by 60 bps. up to 5.25%.

Central Bank of India has increased the interest rate on FDs maturing in 271-364 days by 50 bps from 4.75% to 5.25% and the bank has increased the interest rate on FDs maturing in 1 year by 60 bps from 5.55% to 6.15. % have make. 2 years. The bank increased interest rates by 40 basis points (bps) on FDs maturing in 2 years, from 5.60% to 6% and on FDs maturing in 3 years by 25 bps to 5.50%. up to 5.75%. Deposits maturing in five years or more and ten years will now earn an interest rate of 5.60%, which is 15 basis points higher than the previous rate of 5.75%.

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Special FD Schemes of Central Bank of India

As of 10.11.2022, Central Bank of India has introduced special FD plans. This particular FD plan has 2 different tenors, 555 days and 999 days. The bank will now offer an interest rate of 6.50% for callable options and 6.75% for non-callable options on particular FDs maturing in 555 days. Central Bank of India currently promises an interest rate of 6.25% on callable options and 6.50% on non-callable options on special FD schemes maturing in 999 days.

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