New FD Rates Announced by Bank: This bank raised FD interest rates; see interest rates here

New FD Rates Announced by Bank: This bank raised FD interest rates; see interest rates here

New FD Rates Announced by Bank: This bank raised FD interest rates; see interest rates here

Bank Announced New FD Rates for 2024: When discussing savings, fixed deposits are the first thing that spring to mind. FD investments are secure and provide with assured profits. Good news if you're interested in investing in FD as well. Central Bank of India, a 113-year-old public sector bank, has changed the interest rates on savings accounts with less than Rs 2 crore.

Central Bank FD Rates: When discussing savings, fixed deposits are the first thing that spring to mind. FD investments are secure and provide with assured profits. Good news if you're interested in investing in FD as well. The Central Bank of India, a 113-year-old public sector bank, has changed the interest rates on savings accounts with less than Rs 2 crore. Following this interest rate adjustment, the bank is giving its regular clients 3.5 percent to 7 percent interest on FDs with terms ranging from 7 days to 10 years. For FDs made during this time, the bank is offering senior citizen clients interest rates ranging from 4% to 7.50%.

The Central Bank of India offers its regular clients FDs with terms ranging from two years to less than three years at a maximum interest rate of 7%. The maximum interest rate for seniors is 7.50%. The bank's official website states that these higher rates will take effect on January 10, 2024.

The bank is now offering its regular clients 3.5 percent interest on FDs of 7 to 14 days, 3.75 percent interest on FDs of 15 to 45 days, and 4.50 percent interest on FDs of 46 days after this adjustment in interest rates. 4.75 percent interest will be offered on FDs with terms ranging from 60 to 90 days. Simultaneously, the bank will pay 6.50% interest on FDs ranging from 91 to 179 days and 6% interest on FDs ranging from 180 to 270 days. 6.25 percent returns on deposits maturing in 271-364 days are currently guaranteed by the bank.

The Central Bank of India is now giving FDs with a one- to two-year maturity the highest interest rate, at 6.75 percent. For deposits lasting two to three years, the bank is giving 7% interest; for deposits lasting less than three to five years, the interest rate is 6.50 percent. Deposits maturing in five to 10 years currently have an interest rate of 6.25 percent.