In May, another public sector bank implemented new fixed deposit interest rates. Senior citizens are receiving a 50 bps increase in returns. Let’s find out how much interest will be earned for fixed deposits of different durations.
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FD Interest Rates: The public sector Central Bank of India has revised its fixed deposit interest rates (FD rates). For general citizens, domestic term deposits of less than ₹3 crore are offered at interest rates ranging from 3% to 6.65%. The new interest rates are effective from May 10, 2026. The bank is also offering an additional 50 basis points for senior citizens (aged 60 years or older). Additionally, savings deposit interest rates have also been revised.
The bank is offering senior citizens interest rates ranging from 3.50% to 7.15% after the revision. Customers can invest for 7 days to 10 years. All banks periodically revise their fixed deposit interest rates. Therefore, customers are advised to consult the bank’s official website or nearest branch before investing.
Maximum interest offered on this number of tenures
The Central Bank of India offers the highest interest on a 333-day tenure. General citizens receive a return of 6.65% and senior citizens receive a return of 7.15%. On a special tenure of 444 days, the bank offers 6.50% interest to general citizens and 7% to senior citizens. FDs with a 555-day tenure offer 6.30% interest.
Know the tenure-wise interest rates
7 to 14 days – 3%
15 to 30 days – 3.50%
31 to 45 days – 3.50%
46 to 59 days – 4.25%
60 to 90 days – 4.25%
91 to 179 days – 4.25%
180 days to 270 days – 5%
271 days to 364 days – 5%
1 year to less than 2 years – 6.10%
2 years to less than 3 years – 6.25%
3 years to less than 5 years – 6%
5 years to 10 years – 6%
333 days – 6.65%
444 days – 6.50%
555 days – 6.30%
New Interest Rates for Savings Deposits
New interest rates for savings deposits have also come into effect from May 10. Previously, the bank offered 2.70% interest on balances between ₹10 crore and ₹100 crore, but this has now been reduced to 2.50%. For balances between ₹100 crore and ₹250 crore, the bank is now offering 50% interest, instead of 2.85%. Deposits up to ₹10 crore are now offering 2.50% interest.
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