Calculators · Savings & Fixed Income
Central Bank of India FD calculator
Use this free Central Bank of India FD calculator to work out the maturity amount and interest on a Central Bank of India fixed deposit. Central Bank of India's official FD interest rates and senior citizen rates are preloaded, with monthly interest, premature withdrawal rules and post-tax returns.
What your FD actually earns
Five calculation modes on one engine — cumulative growth, monthly payout, goal sizing, laddering and loan-against-FD. Every mode shows the post-tax and inflation-adjusted figure beside the headline number, because the headline rate is rarely the one you keep.
Worth is independent and is not affiliated with, or endorsed by, Central Bank of India. Rates are taken from Central Bank of India's official rate card (10 August 2026), checked on 14 October 2026.
The method
How to calculate Central Bank of India FD interest
Central Bank of India compounds interest on cumulative fixed deposits quarterly. Pick a tenure in the Central Bank of India FD calculator and it applies that tenure's rate, then shows the maturity amount, total interest and what you keep after tax and inflation.
Central Bank of India FD interest rates (effective 10 August 2026)
| Tenure | General | Senior citizen |
|---|---|---|
| 7 to 14 days | 3.00% | 3.50% |
| 15 to 45 days | 3.50% | 4.00% |
| 46 to 59 days | 4.25% | 4.75% |
| 60 to 90 days | 4.00% | 4.50% |
| 91 to 179 days | 4.25% | 4.75% |
| 180 to 270 days | 5.50% | 6.00% |
| 271 to 364 days | 6.00% | 6.50% |
| 1 year to under 2 years | 6.10% | 6.60% |
| 2 years to under 3 years | 6.25% | 6.75% |
| 3 years to under 5 years | 6.00% | 6.50% |
| 5 years to 10 years | 6.00% | 6.50% |
Central Bank of India is a public sector bank, majority-owned by the Government of India. Its deposits are covered by DICGC insurance up to ₹5 lakh per depositor, principal and interest combined. Banks revise rates without notice, so confirm the rate on your deposit advice and enter it in the calculator.
Worked example: Central Bank of India FD, 3 years, 30% slab
- Deposit
- ₹5,00,000
- Central Bank of India 3-year rate
- 6.00%, compounded quarterly
- Period
- 3 years
- Interest earned
- ₹97,809
- Maturity amount
- ₹5,97,809
- Tax on interest (30%, new regime)
- ₹29,343
- Post-tax maturity
- ₹5,68,466
These are the calculator's default inputs on this page, so you can check every figure in the tool.
Key facts
Central Bank of India FD rules: premature withdrawal and senior citizen rates
Only terms confirmed on the lender's own website are listed. Check your deposit advice for the terms that apply to you.
| Senior citizen rate | 0.50% above the general rate for depositors above 60, including the Tax Saver Depositors Scheme |
| Super senior citizen rate | An extra 0.75% applies on non-callable deposits for depositors aged 80 and above |
| Premature withdrawal penalty | 1.00% on time deposits, regardless of the amount |
| Non-callable deposits | Generally cannot be withdrawn early |
Source: Central Bank of India deposit interest rates. Effective: 10 August 2026. Checked by Worth on 14 October 2026. Rates are for deposits below ₹3 crore and can change without notice.
Breaking a Central Bank of India FD early: worked example
- Deposit
- ₹5,00,000
- Booked
- 3 years at 6.00%
- Closed after
- 18 months
- Base rate
- 6.10%
- Penalty
- 1.00%
- Rate applied
- 5.10%
- Interest received
- ₹39,490
- Without the penalty
- ₹47,530
- Cost of the penalty
- ₹8,040
Base rate: the card rate for an 18-month deposit, 6.10%. Assumes Central Bank of India's current card rates and quarterly compounding, before tax. The bank pays the rate for the period the deposit actually ran, minus the penalty.
The essentials
Central Bank of India FD returns: monthly interest, senior citizen rates and comparison
Monthly interest on a Central Bank of India FD
With a monthly payout Central Bank of India FD at the 1-year rate of 6.10%, interest is about ₹508 a month on ₹1 lakh, ₹2,542 on ₹5 lakh and ₹5,083 on ₹10 lakh, before tax. Banks usually pay monthly interest at a slightly discounted rate, so treat these as close estimates. Switch the calculator to Monthly income mode to see the post-tax figure. Payout deposits earn less in total than cumulative ones, because the interest is paid out instead of compounding.
Central Bank of India FD for senior citizens
0.50% above the general rate for depositors above 60, including the Tax Saver Depositors Scheme. Tick "Senior citizen" in the calculator and it loads the senior rate for the tenure you pick. For example, ₹10 lakh for 5 years at 6.50% grows to about ₹13.80 lakh. Senior citizens under the old tax regime can also claim the 80TTB deduction on up to ₹50,000 of interest a year, and can submit Form 15H to avoid TDS if their total income is below the taxable limit.
How Central Bank of India FD rates compare, and doubling time
At one year, Central Bank of India's 6.10% ranks 15th of the 15 lenders in this calculator; the highest is 7.50% from Unity Small Finance Bank. At five years, Central Bank of India's 6.00% ranks 13th of the 15 lenders in this calculator (level with 2 others); the highest is 7.77% from Jana Small Finance Bank. At the 5-year rate of 6.00%, a deposit doubles in about 11.6 years. Rate cards are revised on different dates, so compare like with like in the table below or in the main FD calculator.
Rate comparison
How Central Bank of India FD rates compare with other banks
1, 3 and 5-year general rates from each lender's official rate card, checked on 14 October 2026. Rate cards change on different dates, so the last column shows each one's effective date. The highlighted row is this page's lender.
| Lender | 1 year | 3 years | 5 years | Rate card |
|---|---|---|---|---|
| State Bank of India | 6.25% | 6.30% | 6.05% | 15 Dec 2025 |
| HDFC Bank | 6.25% | 6.45% | 6.40% | 19 Aug 2026 |
| ICICI Bank | 6.25% | 6.45% | 6.50% | 14 Oct 2026 |
| Axis Bank | 6.25% | 6.50% | 6.50% | 30 Sep 2026 |
| Kotak Mahindra Bank | 6.50% | 6.40% | 6.25% | 15 Apr 2026 |
| Punjab National Bank | 6.25% | 6.30% | 6.35% | 1 Jun 2026 |
| Bank of India | 6.25% | 6.25% | 6.00% | No date shown |
| Canara Bank | 6.25% | 6.25% | 6.25% | 17 Mar 2026 |
| Union Bank of India | 6.20% | 6.10% | 6.00% | 4 Aug 2026 |
| Central Bank of India | 6.10% | 6.00% | 6.00% | 10 Aug 2026 |
| Post Office Time Deposit | 6.90% | 7.10% | 7.50% | Oct–Dec 2026 |
| Jana Small Finance Bank | 7.00% | 8.00% | 7.77% | 29 Sep 2026 |
| Equitas Small Finance Bank | 7.00% | 7.00% | 7.00% | 3 Nov 2025 |
| AU Small Finance Bank | 6.35% | 7.40% | 6.75% | 1 Sep 2026 |
| Unity Small Finance Bank | 7.50% | 6.75% | 6.75% | 15 Jul 2026 |
Common questions
Central Bank of India FD Calculator: frequently asked questions
How do I calculate interest on a Central Bank of India FD?
What are the current Central Bank of India FD interest rates?
What is the penalty for breaking a Central Bank of India FD early?
How much monthly interest will I get on ₹1 lakh in Central Bank of India?
In how many years will a Central Bank of India FD double?
Is a Central Bank of India FD safe?
Is Central Bank of India FD interest taxable?
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