Central Bank of India is offering highest interest rate on FD – Fixed Deposit. Right now, the maximum interest on FD offered by Bank is 8% for Senior Citizens. This is the highest among all the public sector banks in India. This high interest rate will help you in maximizing the savings. So let’s have a look at the interest rates.
Central Bank has launched a new scheme – CENT Green Deposit wherein the maximum interest rate of 8% is being provided for Senior Citizens. For normal public the rate of interest is 7.50%. For more details, you can visit the official website of Central Bank of India.
If you don’t want to invest in CENT Green Deposit, then you can invest the amount in FD for 444 days. In this, you will get 7.45% interest rate on FD and Senior Citizens will get interest rate of 7.95%. Click here to open FD Calculator and check maturity amount.
How to Open FD in Central Bank?
In order to open FD in Central Bank, you need to visit the nearest branch of Central Bank and speak to the officer in the branch. You need to fill an application form of Fixed Deposit and the FD will be created in your name.