{
  "type": "article",
  "title": "Central Bank of India 364 Day Fixed Deposit Rates and Senior Citizen Benefits Explained",
  "summary": "Central Bank of India offers up to 6.75 percent interest on 364-day fixed deposits below Rs 3 crore, with tiered premium benefits for senior and super senior citizens.",
  "content": "Across the nation, 12 public sector banks deliver comprehensive banking facilities to citizens alongside diverse wealth preservation options. Central Bank of India stands as an established institution within this state-owned group, providing daily financial transactions along with structured fixed deposit instruments. Across its various deposit tenures, the bank provides interest rates ranging from 3.00 percent to 8.00 percent. For individuals evaluating shorter commitments, the specific 364-day term provides structured yields for retail depositors as well as enhanced margins for elderly savers seeking stable returns.\n\nTenure Flexibility Across Term Deposit Schemes\nCentral Bank of India permits customers to align deposits with precise maturity targets ranging from immediate liquidity needs to decade-long wealth preservation. Depositors can book a fixed deposit for a minimum timeframe of 7 days, allowing brief placements of liquid capital. At the other end of the horizon, the institution accommodates commitments spanning up to a maximum duration of 10 years. Within this broad spectrum, the specialized 364-day deposit tier provides annual returns ranging between 6.00 percent and 6.75 percent, tiered according to the account holder's age group.\n\nYield Distribution for General and Elderly Depositors\nUnder the established guidelines for deposits below Rs 3 crore, individual depositors aged up to 59 years earn an interest rate of 6.00 percent on the 364-day deposit. Recognizing the necessity of income stability for older age brackets, the bank applies a stepped upward revision. Senior citizens aged 60 years and above receive an increased interest rate of 6.50 percent on this exact tenure. Furthermore, super senior citizens aged 80 years and above qualify for the highest rate in this category at 6.75 percent. All these figures apply exclusively to aggregate retail deposits falling below the Rs 3 crore threshold.\n\nGraduated Premium Margins by Age Group\nThe structured margin system ensures that elderly savers secure substantial increments over general rates. Account holders who qualify as senior citizens receive an additional 0.50 percent return compared to standard depositors under 60 years of age. Super senior citizens benefit from a 0.75 percent advantage over general citizens, which translates into a 0.25 percent edge over the standard senior citizen tier. These specific reward tiers illustrate the differentiated approaches commercial lenders adopt across the country when structuring dedicated returns for the oldest category of depositors.\n\nPolicy Alignment and Benchmark Rate Adjustments\nCentral Bank of India implemented its latest revision to fixed deposit interest schedules on August 10, 2026. The yields provided by this lender, alongside other commercial banking entities throughout the nation, do not operate in isolation from broader monetary conditions. The returns available on domestic term deposit portfolios remain closely anchored to the benchmark repo rate set by the Reserve Bank of India, which governs systemic liquidity and baseline interest levels.\n\nWhat this means for you\nThis interest rate structure establishes clear returns for retail depositors seeking guaranteed growth over a 364-day horizon.\n\n• For General Depositors: Individuals aged up to 59 years secure a fixed 6.00 percent return over 364 days. This offers a steady capital preservation option free from financial market volatility.\n• For Senior Citizens: Individuals aged 60 and older receive an elevated 6.50 percent return on their capital. Retired individuals can leverage this preferential rate for enhanced short-term cash flow.\n• For Super Senior Citizens: Savers aged 80 and above earn the top tier return of 6.75 percent. This provides an additional 0.75 percent yield advantage over general depositor rates.\n• Deposit Value Threshold: These exact percentages apply to domestic fixed deposits below the Rs 3 crore limit. Retail savers need to structure their balances within this ceiling to capture these returns.\n\nWhy this happened\nCommercial banks align their fixed deposit schedules according to overarching monetary policy directives and liquidity balancing needs.\n\n• Anchor to Repo Rates: Retail deposit interest structures across Indian banks depend directly on the benchmark repo rate set by the Reserve Bank of India. Any strategic policy shift by the central regulator influences commercial deposit yields.\n• Bank Revision Timeline: Central Bank of India formally revised its term deposit interest rates on August 10, 2026. The prevailing 364-day schedule reflects the rate chart finalized during that adjustment.\n• Short-Term Asset Liability Balance: Offering distinct yields for 364 days enables the lender to mobilize targeted capital just under the one-year maturity mark. In return, the bank provides structured margins across different customer demographics.\n\nQuestions & Answers\n\n1. What is the interest rate for general citizens on a 364-day FD at Central Bank of India?\nGeneral depositors aged up to 59 years receive an interest rate of 6.00 percent per annum on a 364-day fixed deposit.\n\n2. What rate do senior citizens receive on a 364-day deposit?\nSenior citizens aged 60 and above receive an interest rate of 6.50 percent on this specific tenure.\n\n3. What return is offered to super senior citizens on this deposit?\nSuper senior citizens aged 80 years and above are offered an interest rate of 6.75 percent on 364-day deposits.\n\n4. What are the minimum and maximum FD tenures available at Central Bank of India?\nCustomers can open fixed deposits for a minimum tenure of 7 days up to a maximum period of 10 years.\n\n5. What deposit amount threshold applies to these interest rates?\nAll these interest rates apply to domestic fixed deposits valued below Rs 3 crore.\n\n6. When did Central Bank of India last revise its FD interest rates?\nThe bank implemented its last revision on fixed deposit interest rates on August 10, 2026.",
  "url": "https://trendkia.com/en/money/central-bank-of-india-men-364-dinon-ki-jama-punji-para-ritarna-ki-puri-paratala-35953",
  "category": "Money",
  "publishedAt": "2026-09-21",
  "tags": [
    "Central Bank of India",
    "Fixed Deposit",
    "Interest Rates",
    "Senior Citizens",
    "Banking",
    "RBI Repo Rate"
  ],
  "language": "en",
  "site": "TrendKia"
}