Central bank Of India Revised FD Interest Rates On Domestic Deposits, Check New Rates Here

The Central Bank of India (CBI) has changed the interest rates on fixed deposits (FDs) on domestic deposits of less than Rs 2 crore. The new revised interest rate will take effect from June 10, 2022, according to the bank's official website. The development came just one day after the Reserve Bank of India (RBI) raised the repo rate by 50 basis points 2nd time this year to combat increasing inflation. Several banks have upped their interest rates on FDs and savings accounts in recent weeks.

According to the bank's official website, now the bank offers 2.75% interest on fixed deposits with a maturity of 7 to 14 days, 2.90% for a maturity period of 15 to 45 days and 31 to 35 days. For maturity periods 26 to 59 days and 60 to 90 days the interest rate is 3.25%. For 1-year to 2-year period deposits, the interest rate is 5.20% and for a 2 to 3 years maturity period, the bank offers 5.30% interest rates. For a 3 to 5 years maturity period the bank offers 5.35% interest rates. Now, the bank offers the highest 5.60% interest on 5 years and above upto 10 years for deposits below 2 crores.

Interest Rates On Fixed Deposit (Domestic Term Deposits) With Effect From 10 June 2022

Sr. No.	Maturity Period	Less than 2 cr	2 Cr to 10 Cr (Single deposit)
1	7 -14 days	2.75	3
2	15 - 30 days	2.9	3
3	31 - 45 days	2.9	3.1
4	46 - 59 days	3.25	3.1
5	60 - 90 days	3.25	3.1
6	91 - 179 days	3.8	3.2
7	180 - 270 days	4.35	3.3
8	271 - 364 days	4.35	3.5
9	1 yr to less than 2 yrs	5.2	4
10	2 yr to less than 3 years	5.3	4.1
11	3 yr to less than 5 years	5.35	4.2
12	5 years & above upto 10 years	5.6	4.3

Source - centralbankofindia.co.in