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Wednesday, February 1, 2023
HomeFinanceThis bank hikes fixed deposit interest rates; check return calculator

This bank hikes fixed deposit interest rates; check return calculator

The bank is offering an arrival of 5.25 percent on FDs with maturity tenure of 180-364 days, 6.15 percent for deposits maturing in 1 year to under two years.

Central Bank of India (CBI) has climbed fixed deposit rates across tenors for fixed deposits and presently offers a most extreme premium of up to 6.75 percent. The bank has likewise reexamined its loan fees for two unique deposits that accompany a maturity tenure of 555 and 999 days.

For deposits under two crores, the CBI presently offers an interest of 3 percents with a maturity tenure of 7-14 days, 3.25 percent for a maturity tenure of 15-45 days, 4.25 percent for fixed deposits for a maturity time of 46-90 days and 4.5 percent for FDs with a maturity time of 91-179 days.

The bank is offering an arrival of 5.25 percent on FDs with maturity tenure of 180-364 days, 6.15 percent for deposits maturing in 1 year to under two years, 6 percent for deposits between two years to under three years and 5.75 percent for deposits between 3 years to 10 years.

CBI Fixed deposit Interest rates for deposits between Rs 2 crore to Rs 10 crore, the CBI currently offers an interest of 4 percents on a maturity tenure of 7-30 days, 4.5 percent for a maturity tenure of 31-59 days, 3.5 percent for fixed deposits for a maturity time of 60-90 days and 4.5 percent for FDs with a maturity time of 91-179 days.

The bank is offering an arrival of 5.65 percent on FDs with maturity tenure of 180-364 days, 6.25 percent for deposits maturing in 1 year to under two years, 5.75 percent for deposits for a long time to under three years and 5.50 percent for deposits between 3 years to 10 years.

CBI FD Calculator

The Bank is offering an arrival of 6.5 percent on callable deposits for a tenure of 555 days and 6.25 percent on a tenure of 999 days. While for non-callable deposits, the interest rate for 555 days is 6.75 percent and for 999 days is 6.5 percent.

CBI FD Return Calculator 2022
In case you will contribute Rs 2 lakhs with the Central Bank of India Fixed deposit for a tenure of one year to under two years, you will procure a premium of Rs 12,587 at the pace of 6.15 percent and the maturity sum will be Rs 2,12,587. If you contribute Rs 3 crore for a tenure of one year, you will get a premium of Rs 18.75 lakh at the pace of 6.25 percent and the maturity sum will be Rs 3 crore 18 lakhs 75 thousands.

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