Central Bank of India Recurring Deposit Calculator

Calculate your RD returns with latest Central Bank interest rates

Highest RD Rate

6.75% p.a.

Best available rate by Central Bank across tenures

Rates Last Updated

Dec 2025

Rates updated regularly for accuracy

Official Central Bank Rates

Highest Rate: 6.75% for Senior Citizens

Best Rate: 6.25% for General Citizens

Min Monthly: ₹100 only

Senior Citizen Benefit: Additional 0.5% on all tenures

Disciplined Savings: Monthly investment habit

Flexible Tenure: 6 months to 10 years

Auto-Debit Available

Premature Closure Allowed

Safe Investment with Guaranteed Returns

Start Your SIP Journey

Government-owned public sector bank

Established in 1911, nationalized in 1969

Wide branch network across India

Special Cent Green Deposit scheme for sustainable investments

Cent Super Callable and Non-Callable schemes (444 & 555 days)

Cent Floating Deposit scheme available

Senior citizens get +0.50% additional interest

Online FD booking facility

Highest Rate: 6.75% for Senior Citizens

Best Rate: 6.25% for General Citizens

Min Monthly: ₹100 only

Senior Citizen Benefit: Additional 0.5% on all tenures

Disciplined Savings: Monthly investment habit

Flexible Tenure: 6 months to 10 years

Auto-Debit Available

Premature Closure Allowed

Safe Investment with Guaranteed Returns

Start Your SIP Journey

Government-owned public sector bank

Established in 1911, nationalized in 1969

Wide branch network across India

Special Cent Green Deposit scheme for sustainable investments

Cent Super Callable and Non-Callable schemes (444 & 555 days)

Cent Floating Deposit scheme available

Senior citizens get +0.50% additional interest

Online FD booking facility

Monthly Investment Amount

₹

Five Thousand rupees

₹500₹1,00,000

Minimum amount varies by bank (typically ₹100 - ₹500)

General CitizenSenior Citizen (60+)

Investment Period

years

1 year10 years

Minimum period: 1 month (30 days). RDs are designed for regular monthly savings.

Your Personal Income Tax Rate (%)

Your Tax Slab Rate

Used to calculate actual tax on RD interest

Select 0% if income below ₹3L

RD Maturity Summary

Premature Closure Analysis

Close RD after (months)

6 months2 years 0 months11 months

Best Recurring Deposit Rates Comparison 2025

Compare RD interest rates across top banks - General rates for 1 year

Bank

Interest Rate

Maturity

Interest

Compare

Suryoday SFB

7.40%

₹62.5K

₹2.5K

Axis

7.25%

₹62.4K

₹2.4K

Ujjivan SFB

7.25%

₹62.4K

₹2.4K

ESAF SFB

7.25%

₹62.4K

₹2.4K

Jana SFB

7.25%

₹62.4K

₹2.4K

HDFC

7.00%

₹62.3K

₹2.3K

Equitas SFB

7.00%

₹62.3K

₹2.3K

ICICI

6.90%

₹62.3K

₹2.3K

Union Bank

6.80%

₹62.3K

₹2.3K

TMB

6.80%

₹62.3K

₹2.3K

IndusInd

6.75%

₹62.2K

₹2.2K

AU Bank

6.75%

₹62.2K

₹2.2K

SBI

6.50%

₹62.2K

₹2.2K

Kotak

6.25%

₹62.1K

₹2.1K

PNB

6.25%

₹62.1K

₹2.1K

BOB

6.25%

₹62.1K

₹2.1K

Canara Bank

6.25%

₹62.1K

₹2.1K

BOI

6.25%

₹62.1K

₹2.1K

Utkarsh SFB

6.25%

₹62.1K

₹2.1K

Bank of Maharashtra

6.20%

₹62.1K

₹2.1K

Central Bank

6.20%

₹62.1K

₹2.1K

Indian Bank

6.10%

₹62.0K

₹2.0K

IOB

5.60%

₹61.9K

₹1.9K

Highest Rate

7.40%

Suryoday SFB

Max Interest

₹2.5K

Best Return

Rate Spread

1.80%

Difference

Banks Available

Compared

Central Bank Recurring Deposit Calculator Results

Year-wise breakdown of your monthly investments and returns

Central Bank Recurring Deposit Interest Rates

Latest interest rates for different tenures

Current RD Rates

Tenure	General Rate	Senior Citizen Rate
1 year	6.2%	6.7%
2 years	6.25%	6.75%
3 years	6%	6.5%
5 years	6%	6.5%

Important Notes

Min monthly: ₹100
Penalty: 1% on premature closure
TDS applicable if annual interest exceeds ₹40,000
15 days grace period for missed installments

Key Benefits

Disciplined monthly savings habit
Higher rates than savings accounts
Auto-debit facility available
DICGC insurance up to ₹5,00,000

Tax & TDS on Central Bank Recurring Deposits

Understanding tax implications and deductions on your RD investments

Tax Deductions Available

Section 80C

Tax-saving RDs (5-year lock-in) qualify for deduction up to ₹1.5 lakh under Section 80C

Senior Citizens

Higher TDS exemption limit of ₹50,000 for citizens above 60 years

• Regular RDs don't qualify for Section 80C deduction

• Interest income is fully taxable as per income tax slab

• Form 15G/15H can be submitted to avoid TDS

• NSC and other alternatives also qualify for 80C

TDS (Tax Deducted at Source)

TDS Rate

10%

Exemption Limit

₹40,000

TDS Calculation

TDS is deducted at 10% if total interest from all RDs with Central Bank exceeds ₹40,000 in a financial year

TDS is calculated on maturity amount

No TDS on monthly installments

Form 26AS shows TDS deducted at maturity

Can be claimed as advance tax while filing ITR

RD Tax Impact Calculator

₹5,000/month RD

At 6.25% for 3 years

₹20,250

Total Interest

TDS: ₹0

₹10,000/month RD

At 6.25% for 3 years

₹40,500

Total Interest

TDS: ₹50

₹25,000/month RD

At 6.25% for 3 years

₹101,250

Total Interest

TDS: ₹6,125

Central Bank Recurring Deposit FAQs

Everything you need to know about Central Bank Recurring Deposits, RD interest rates, and systematic savings planning

What is the minimum amount required for Central Bank RD?

The minimum amount required to start a Central Bank of India Recurring Deposit is ₹100 per month.

What is the current highest RD rate offered by Central Bank?

Central Bank of India currently offers up to 6.75% for senior citizens and 6.25% for general citizens on Recurring Deposits.

Is the interest earned on Central Bank RD taxable?

Yes, interest earned on Central Bank of India RD is taxable as per your income tax slab. TDS applicable if interest exceeds ₹40,000 per annum (₹50,000 for senior citizens)

Can I miss a monthly installment in Central Bank RD?

Min Amount

₹1K

Calculate Returns

Compare All Banks

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