Central Bank of India Fixed Deposit Calculator

The Central Bank of India, a trusted nationalized bank, offers a reliable fixed deposit (FD) scheme designed for individuals seeking secure and stable returns. Fixed deposits are a preferred choice for conservative investors due to their low risk and guaranteed returns.

To help you plan your investments better, the Central Bank of India Fixed Deposit Calculator is a smart, time-saving online tool that estimates your maturity amount and interest earnings. Simply enter your deposit amount, tenure, interest rate, and payout frequency, and the calculator will instantly show your expected returns, making your financial planning accurate and hassle-free.

How to Use Wishfin Central Bank of India Fixed Deposit Calculator?

Using the Wishfin Fixed Deposit Calculator for the Central Bank of India is simple and efficient. Just follow these steps:

• Visit the Calculator Page - Go to the Wishfin Central Bank of India Fixed Deposit Calculator.

• Enter Investment Amount - Input the amount you wish to deposit (between ₹500 and ₹1 crore).

• Input Interest Rate - Provide the applicable annual interest rate (typically between 1.0% and 15.0%).

• Select the Tenure - Choose your desired investment period, anywhere from 1 year to 25 years. You can enter it in days, months, or years.

• View Results- Instantly see:
  1. Total Investment (Principal)
  2. Interest Earned
  3. Estimated Returns
  4. Maturity Amount (Principal + Interest)
• Adjust and Recalculate - Feel free to tweak the amount, interest rate, or tenure to compare different investment outcomes.

This tool helps you plan your FD investments more accurately, saving time and ensuring clarity on your potential returns.

Benefits of the Central Bank Of India Fixed Deposit Calculator

While it may seem like a simple tool at first glance, the Central Bank of India Fixed Deposit Calculator offers several advantages that make it essential for smart investment planning :

1. Quick and Hassle-Free Calculations - Forget manual calculations—this tool provides instant and accurate results with just a few inputs, saving time and effort.
2. Easy-to-Use Design – The calculator features a straightforward layout, making it simple for anyone to use without technical knowledge. Even users with no financial background can navigate it easily and get precise results.
3. Flexibility to Experiment - You can adjust various parameters like deposit amount, interest rate, and tenure to explore different scenarios. This helps in evaluating how each factor affects your returns.
4. Informed Decision-Making - By visualizing different outcomes, you gain a better understanding of your investment options. This helps you make smart and confident choices about your finances.
5. Reduced Risk of Errors - Manual errors in financial calculations can lead to poor decisions. The calculator eliminates this risk by providing reliable and error-free results.

Formula for Calculating Central Bank Of India Fixed Deposit

Here is the compound interest formula to calculate the fixed deposit interest rate of the Central Bank of India

Most fixed deposits compound interest quarterly. The formula is:

A = P(1+r/n)^nt

Where:

• A = Maturity Amount (Principal + Interest)
• P = Principal or deposit amount
• r = Annual interest rate (in decimal form, e.g., 7% = 0.07)
• n = Number of compounding periods per year (typically 4 for quarterly)
• t = Tenure of the FD in years

Central Bank Of India Fixed Deposit Interest Rates 2025

Here are the latest Central Bank of India Fixed Deposit interest rates for the general public and senior citizens, and the special schemes provided by the Central Bank of India -

Interest Rates for Deposits less than Rs. 3 Crore

Interest Rates for Deposits Rs. 3 Cr to Rs. 10 Cr

Central Bank of India – Special Term Deposit Interest Rates