Calculate Central Bank of India FD maturity and post-tax returns. Compare FD Rates & Returns
No deductions applicable. 7 slabs from Nil (up to Rs. 4L) to 30% (above Rs. 24L).
Maturity amount
₹6,15,720
after 3 years
Post-tax maturity
₹5,98,362
Total interest earned
₹1,15,720
Effective yield post-tax
6.17%
p.a.
Tax on interest
₹17,358
₹5,00,000 (81.2%)
₹98,362 (16.0%)
₹17,358 (2.8%)
Is your FD working as hard as it should?
Get your wealth check-up todayDisclaimer: This calculator assumes quarterly compounding (standard for Indian bank FDs). Post Office FDs compound annually; some NBFCs compound monthly. Tax is applied on total interest at maturity. In practice, TDS on FD interest is deducted annually (10% with PAN, 20% without). Senior citizen rates (additional 0.25-0.50%) are not differentiated. Non-cumulative FDs with periodic payouts are not modelled.
Drag the slider or type the lump sum you plan to deposit. Range is Rs. 10,000 to Rs. 10 crore.
Use the rate offered by your bank on its latest FD (Fixed Deposit) rate card. The calculator supports 3% to 9.5%.
Pick anywhere from 3 months to 10 years. If you need liquidity soon, Then keep tenure short to avoid premature withdrawal penalties.
Pick "New regime" if you do not claim deductions like 80C, HRA (House Rent Allowance), or home loan interest. Pick "Old regime" if you do.
Choose the slab that matches your annual taxable income (Nil, 5%, 10%, 15%, 20%, 25%, or 30%). This drives the TDS (Tax Deducted at Source) and post-tax yield calculation.
Check Maturity amount, Post-tax maturity, Total interest earned, Effective yield post-tax, and Tax on interest. The donut chart breaks down Principal vs Net interest vs Tax so you can see the real return after tax drag.
A fixed deposit (FD) is a financial product where you place a lumpsum with a bank for a fixed tenure at a predetermined interest rate. At the end of the tenure, you receive your principal plus the accumulated interest. Unlike a savings account, an FD locks your money for a chosen period, anywhere from 7 days to 10 years, in return for a higher, guaranteed interest rate. The rate is fixed at booking and does not change for the life of the FD, even if market rates move.
Why Central Bank of India FDs?
The Central Bank of India FD Calculator computes your fixed deposit returns using the following formula:
A = P × (1 + r/n)^(n × t)
Where
A = 5,00,000 × (1.016125)^8 ≈ ₹5,69,500
Pre-tax interest: ₹69,500
Post-tax at 20% slab:
Tax: ₹13,900
Post-tax maturity: ₹5,55,600
Effective yield: 5.34% p.a.
Current as of May 2026. Verified against Central Bank of India's official rate sheet at centralbankindia.co.in.
| Tenure | Regular Rate | Senior Citizen Rate | Premium |
| 7-14 days | 3.50% | 4.00% | +0.50% |
| 15-29 days | 3.50% | 4.00% | +0.50% |
| 30-45 days | 4.00% | 4.50% | +0.50% |
| 46-60 days | 5.00% | 5.50% | +0.50% |
| 61-87 days | 5.50% | 6.00% | +0.50% |
| 88-180 days | 5.59% | 6.45% | +0.50% |
| 6–9 months | 6.20% | 6.70% | +0.50% |
| 9–12 months | 6.35% | 6.85% | +0.50% |
| 1–2 years | 6.45% | 6.95% | +0.50% |
| 2–3 years | 6.40% | 6.90% | +0.50% |
| 3–5 years | 6.20% | 6.70% | +0.50% |
| 5–7 years | 6.10% | 6.60% | +0.50% |
| 7–10 years | 6.10% | 6.60% | +0.50% |
| 5-Year Tax Saver | 6.20% | 6.70% | +0.50% |
Highest Rate: 6.45% (1–2 years, general) / 6.95% (1–2 years, senior)
Central Bank's senior premium is +0.50% uniformly across all tenures.
| Senior Tenure | Rate | vs Regular |
| 1–2 years | 6.95% | +0.50% |
| 2–3 years | 6.90% | +0.50% |
| 3–5 years | 6.70% | +0.50% |
| NRE FD Tenure | Interest Rate (p.a.) |
| 1–2 years | 6.00% |
| 2–3 years | 5.90% |
| 3-5 years | 5.90% |
| 5–10 years | 5.90% |
Key: NRE interest is 100% tax-free in India + fully repatriable.
Central Bank revises rates in response to RBI monetary policy. Last revision: March 2026 when Central Bank held rates stable.
Currently, Central Bank is competitive on 1–2Y (6.45% matches Union Bank, lags Canara by 40 bps).
Verify live rates: centralbankindia.co.in/deposits
Avoid: Highest-rate seekers (Canara/SBI better).
Competitive (2Y, 20% slab):
| Approach | How It Works | Best For | Post-Tax Return |
| Central Bank FD (1–2Y) | Lumpsum locked at 6.40%, quarterly CPD | Capital safety, 1–3 year goals | 5.0% (20% slab) |
| SBI FD (1Y) | Lumpsum locked at 6.80%, quarterly | Higher headline rate, bank ecosystem | 5.44% (20% slab) |
| Debt Mutual Fund | Diversified bond portfolio, managed by AMC | Tax-efficient (long-term), no lock-in | 5.2–6.2% (20%) |
| Liquid Mutual Fund | Overnight/money market, high liquidity | Emergency fund, short-term parking | 6.0–6.5% (20%) |
| Post Office FD (5Y) | Annual compounding, govt-backed | Seniors, rural access, tax saver | 5.36% (20% slab) |
| Bank | 1 Year | 2-3 Years | 5 Years |
| Central Bank | 6.35% | 6.40% | 6.20% |
| SBI | 6.80% | 6.60% | 6.50% |
| Canara Bank | 6.85% | 6.40% | 6.00% |
Central Bank's Niche: Neutral mid-market positioning. Best for Central/East India regional depositors.
Central Bank of India is a Public Sector Bank established in 1911. Strong presence in Central and Eastern states (Madhya Pradesh, Chhattisgarh, Odisha, Jharkhand).
| Attribute | Value |
| Bank Name | Central Bank of India Limited |
| Founded | 1911 |
| Headquarters | Mumbai |
| Type/Status | Public Sector Bank, G-SIB |
| MD & CEO | Anup Pandey (since 2022) |
| Branches | 1,600+ |
| ATMs | 3,000+ |
| Customers | 50+ lakh |
| Market Cap | ~₹200 billion |
| DICGC Cover | ₹5 lakh per depositor |
| Website | centralbankindia.co.in |
G-SIB Status: (Global Systemically Important Bank) is a designation given by international regulators to the world's largest and most interconnected financial institutions.
| Product | Description |
| Regular FD | 7 days–10 years, ₹500 min online |
| Digital FD | Online-only, instant opening |
| Tax Saver FD (80C) | 5-year, Section 80C eligible |
| Flexi FD | Partial withdrawal allowed |
| NRE / NRO FD | Non-resident deposits |
| Senior Citizen FD | Dedicated senior rates (60+) |
Tenure 7 days to 10 years. Cumulative or periodic payout. Minimum ₹500 online, ₹1,000 branch. Premature withdrawal: 1% penalty below rate.
Online-only via internet banking. Instant opening. e-KYC. Minimum ₹500. Fastest process.
₹1.5L deduction annually under Section 80C. 5-year lock-in. Rate: 6.20% general / 6.70% senior. Minimum ₹500.
Partial withdrawal up to 75% after 1-year lock-in. Interest recalculated based on actual holding. No full breakage penalty.
Explore our suite of intuitive calculators designed to help you streamline your financial planning and maximize your tax efficiencies:
Compare the Old vs. New tax regimes instantly to find out which option saves you the most money. Directly relevant since your Axis Bank FD interest is taxed at your slab rate under whichever regime you pick.
Estimate the future value of your Mutual Fund investments and see how compounding works for you. The default comparison against an FD for 7+ year horizons.
See the massive impact of increasing your investment amount annually in line with your income growth. Useful for modelling an SIP-based alternative to FD reinvestment.
Accurately compute annualized returns for irregular cash flows, multiple investments, or redemption scenarios. Use this when you're laddering FDs across multiple tenures.
Optimize your rental tax savings instantly. Adjacent tax planning that interacts with your Old Regime tax math.
Analyze your mutual fund holdings to identify duplicate stocks and ensure true diversification.
Novelty Wealth does not just calculate FD maturity, it helps you decide whether an FD is the right destination for your money. Connect your existing portfolio and let NovaAI score every option against your goals, tax slab, and risk profile.
Get Your NovaAI ScoreAs of May 2026, Central Bank rates range from 3.50% to 6.45% (1–2 years). Senior citizens earn +0.50% premium. Verify at centralbankindia.co.in.
Yes. G-SIB + ₹5L DICGC. Government backing via PSU status.
SBI (6.80%) beats Central Bank (6.35%) by 45 bps. Choose SBI unless you're a Central Bank customer.
Yes. Premature withdrawal: 1% penalty below rate. Flexi FD allows 75% withdrawal after 1 year without full breakage.
₹500 (online), ₹1,000 (branch).
+0.50% uniformly. Maximum 6.95% on 1–2 years.
Yes. 5.90–6.00% (fully tax-free).
6.45% on 1–2Y is neutral (mid-market). Better options: SBI (6.80%), Canara (6.85%). Choose Central Bank only if you're an existing customer or based in Central/East India (branch convenience).
No. Central Bank does not offer special tenure variants. Standard 7-day to 10-year only.
Yes, if you're in Central/East India (strong branch presence in MP, CG, Odisha). Otherwise, choose by rates + convenience (digital banks like ICICI may be faster).