Rates verified from official source

Central Bank of India interest rates · November 2026

Top FD rate
7.00%
2222 days · Cent Green Deposit
Senior citizen FD
7.50%
2222 days · Cent Green Deposit
Top RD rate
6.25%
2 years to less than 3 years
Savings rate
4.75%
Above ₹2000 crore
Top NRE FD rate
6.70%
444 days
Top FCNR(B) rate
5.50%
USD · 1 year to less than 2 years

Central FD rates

1 year6.10%Senior 6.60%3 years6.00%Senior 6.50%5 years6.00%Senior 6.50%
All tenures, calculator and comparison →

What will my FD earn at Central?

Estimated value after 1 year · before tax ₹5,31,205 6.10% p.a. · ₹31,205 interest · quarterly compounding
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Plan your recurring deposit at Central

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Before opening an RD

Estimates assume on-time monthly installments and quarterly compounding. Confirm the term, minimum installment, late payment rules, and early closure terms with the bank.

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Overview

Central Bank of India (Central) is a nationalised public sector bank, headquartered in Mumbai, established in 1911. Its headline 1-year FD rate of 6.10% is 0.17% below the public sector average of 6.27%, ranking #809 of 1033 banks on RateScan.in.

Headquarters
Mumbai
Established
1911
Branches
~4,500 approx.
Monitored since
18 Sept 2026
Ownership
Government of India (majority stakeholder)
Operates in
All India (nationwide)

Figures marked “approx.” are rounded public estimates as of 2024.

Financial health
CRAR
14.93%
Capital adequacy
Net NPA
0.61%
Bad loans (net)
Credit rating CRISIL
AA
Rating details ↓

Health indicators sourced from official 2025 disclosures. CRAR ≥ 16% = strong · Net NPA < 1% = healthy · Verify before investing.

Rates as of 10 Jun 2026, verified from official source. Majority Government-of-India owned: deposits insured by DICGC up to ₹5,00,000.

RBI record

Every RBI press release since 1 Jan 2024 that names Central Bank of India, newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.

A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.

  1. RBI fined the bank ₹63.60 lakh

    RBI's reason: “for non-compliance with certain provisions of directions issued by RBI on ‘Know Your Customer (KYC)’ and ‘Financial lnclusion - Access to Banking Services - Basic Savings Bank Deposit Account (BSBDA)'’”

    What RBI found

    “i) the bank failed to upload the KYC records of certain customers onto Central KYC Records Registry within the prescribed timeline. ii) the bank opened additional BSBD accounts of certain customers, who were already holding BSBD accounts in the bank.”

    RBI says: “The action is based on deficiencies in statutory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”

    RBI press release 2025-2026/2335

  2. RBI fined the bank ₹1,45,50,000

    RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Loans and Advances – Statutory and Other Restrictions’ and ‘Customer Protection – Limiting Liability of Customers in Unauthorised Electronic Banking Transactions’”

    What RBI found

    “The bank (i) sanctioned a working capital demand loan to a Corporation against amounts receivable from Government by way of subsidies, and (ii) failed to credit (shadow reversal) the amount involved in a few instances of unauthorised electronic transaction to the customer’s account within 10 working days from the date of notification by the customer and resolve complaints and provide compensation to certain customers within 90 days from the date of receipt of such complaints.”

    RBI says: “The action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transactions or agreement entered into by the bank with its customers.”

    RBI press release 2024-2025/506

This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.

Branches

4,633 branches in 579 districts

Most branches: Delhi 100, Mumbai 74, Ahmednagar 65

From RBI's IFSC directory (updated 1 Nov 2026). Counts can include recently merged or closed branches; check the bank's branch locator before visiting.

Central Fixed Deposit rate changes

Changes to Central's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 18 Sept 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.

11 Nov 2026
▲ 10 raised+0.15 to +0.50 pp
  • 1111 days · General6.25% → 6.75% 0.50 pp
  • 2222 days · General6.50% → 7.00% 0.50 pp
  • 3333 days · General6.50% → 7.00% 0.50 pp
Show all 10 changesShow fewer
  • 1111 days · Senior6.75% → 7.25% 0.50 pp
  • 2222 days · Senior7.00% → 7.50% 0.50 pp
  • 3333 days · Senior7.00% → 7.50% 0.50 pp
  • 444 days · General6.75% → 6.90% 0.15 pp
  • 444 days · General · ₹1 crore and above6.85% → 7.00% 0.15 pp
  • 444 days · Senior7.25% → 7.40% 0.15 pp
  • 444 days · Senior · ₹1 crore and above7.35% → 7.50% 0.15 pp
Bank's rate page ↗
10 Nov 2026
▲ 8 raised+0.20 to +0.50 pp
  • 3 years to less than 5 years · ₹3 crore to ₹10 crore · General6.00% → 6.50% 0.50 pp
  • 2 years to less than 3 years · ₹3 crore to ₹10 crore · General6.25% → 6.75% 0.50 pp
  • 3 years to less than 5 years · ₹3 crore to ₹10 crore · Senior6.50% → 7.00% 0.50 pp
Show all 8 changesShow fewer
  • 2 years to less than 3 years · ₹3 crore to ₹10 crore · Senior6.75% → 7.25% 0.50 pp
  • 5 years to 10 years · ₹3 crore to ₹10 crore · General6.00% → 6.25% 0.25 pp
  • 5 years to 10 years · ₹3 crore to ₹10 crore · Senior6.50% → 6.75% 0.25 pp
  • 1 year to less than 2 years · ₹3 crore to ₹10 crore · General6.10% → 6.30% 0.20 pp
  • 1 year to less than 2 years · ₹3 crore to ₹10 crore · Senior6.60% → 6.80% 0.20 pp
Bank's rate page ↗

See all Central rate changes →

Credit rating

What independent credit rating agencies say about Central Bank of India. Every rating links to the document it comes from, so you can check it yourself.

AA
Headline rating
Issuer rating · CRISIL · Stable
High safety: very low credit risk
Latest rating action: 22 Jan 2026
AgencyInstrument RatingOutlook PublishedSource
CRISIL Issuer rating
Corporate credit rating
 AA Stable Reaffirmed
22 Jan 2026
 Exchange filing
CRISIL Basel III Tier II bonds AA Stable Reaffirmed
22 Jan 2026
 Exchange filing
CRISIL Basel III Tier I (AT1) bonds ₹1,000 cr
Proposed Tier I bonds
 AA- Stable Reaffirmed
22 Jan 2026
 Exchange filing
CRISIL Certificates of deposit (short-term) ₹10,000 cr A1+ – Reaffirmed
22 Jan 2026
 Exchange filing
How to read these ratings
  • Scale: AAA is the highest long-term grade (lowest credit risk), then AA (very low risk), A (low risk) and BBB (moderate risk, the lowest investment grade). A + or − moves a grade up or down a notch. Short-term ratings such as A1+ cover obligations of up to a year.
  • Outlook: Stable, Positive or Negative is the agency's view of where the rating is likely to go over the next one to two years. Rating watch means the agency is reviewing the rating after a specific event, such as a change of owner.
  • Instrument: a rating belongs to a specific instrument, not to the whole bank. Tier I (AT1) and Tier II bonds can be written down if the RBI declares a bank non-viable, so they are usually rated no higher than the bank's deposits.
  • Headline grade: we use the rating on fixed deposits where an agency gives one; otherwise the issuer or Tier II rating. We take each agency's latest rating and show the lowest, so the headline is never more generous than any agency's latest view.
  • A rating is an opinion about the ability to repay on time. It is not a guarantee or a recommendation. Whatever the rating, deposits in a bank are insured by DICGC up to ₹5 lakh per depositor per bank (principal and interest together).

Sources: we list a rating only when we can point to the document that states it: the agency's own rating rationale, the bank's Regulation 30 filing on the NSE or BSE, a rating letter, or the bank's own rating page. A weekly automated check re-opens each linked document to confirm it still shows the grade and scans stock-exchange announcements for new rating filings. Last checked: 9 Nov 2026.

Check it yourself: CRISIL · ICRA · CARE · India Ratings · Infomerics

Ratings change. Confirm the current rating with the agency before you invest. This is information, not investment advice.

Good to know

  • Deposits with Central Bank of India are insured by DICGC up to ₹5,00,000 per depositor per bank (principal and interest combined, across all its branches). Anything above that is not insured.
  • Central is a public sector bank, majority owned by the Government of India. Deposit insurance is still the DICGC cover above.
  • Senior citizens (60+) earn up to 0.50% p.a. more than general customers at Central, depending on the tenure.
  • Central's FD table includes 7 special schemes; check eligibility and end dates.
official Effective 10 Jun 2026 · Ingested 3 Oct 2026 · Verified 13 Nov 2026 · View source

Informational only. Always confirm the current rate on the official Central website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.