Established in 1911, Central Bank of India was the first Indian commercial bank which was wholly owned and managed by Indians. The establishment of the Bank was the ultimate realisation of the dream of Sir Sorabji Pochkhanawala, founder of the Bank. Sir Pherozesha Mehta was the first Chairman of a truly 'Swadeshi Bank'. In fact, such was the extent of pride felt by Sir Sorabji Pochkhanawala that he proclaimed Central Bank of India as the 'property of the nation and the country's asset'. He also added that 'Central Bank of India lives on people's faith and regards itself as the people's own bank'.


Domestic term deposit

  Upto Rs. 1 Crore Between 1 to 10 Crore
7 -14 days
5.00 %
5.00 %
15 - 30 days
5.00 %
5.50 %
31 - 45 days
5.50 %
5.50 %
46 - 59 days
6.25 %
6.25 %
60 - 90 days
6.50 %
6.25 %
91 - 179 days
6.50 %
6.50 %
180 - 270 days
7.00 %
6.75 %
271 - 364 days
7.25 %
6.75 %
1 yr to less than 2 yrs
7.40 %
6.75 %
2 yr to less than 3 years
7.40 %
6.75 %
3 yr to less than 5 years
7.25 %
6.75 %
5 years & above upto 10 years
7.25 %
6.50 %
555 days
7.40 %
777 days
7.45 %
* Interest rates last updated on 5th Nov 2016