Learn how to open a fixed deposit in Central Bank of India online using the Cent eeZ mobile banking app. Follow this simple step-by-step tutorial to book your FD instantly.
Opening a Fixed Deposit (FD) is one of the most reliable ways to earn guaranteed returns on your idle savings. If you are an account holder with Central Bank of India (CBI), you no longer need to visit a bank branch, stand in queues, or fill out paper slips.
Central Bank of India allows customers to create, manage, and renew term deposits directly from their smartphones through the Cent eeZ mobile banking app.
Here is a comprehensive, step-by-step guide to booking an online Fixed Deposit in Central Bank of India within minutes.
Prerequisites Before You Begin
Before starting the process, make sure you have:
(a) An active Savings or Current account with Central Bank of India.(b) The Cent eeZ app installed and activated on your smartphone.(c) Sufficient balance in your linked account to fund the fixed deposit.(d) Active MPIN/biometric credentials to log in.
Step-by-Step Guide: How to Open Fixed Deposit in Central Bank of India Online.
Step 1: Open the Cent eeZ App & Log In
Launch the Cent eeZ application on your smartphone. Authenticate using your 4-digit/6-digit MPIN, password, or biometric login (fingerprint/Face ID) to enter your account dashboard.
Step 2: Navigate to Quick Actions
Once logged in, look at your main dashboard screen. Scroll down to the Quick Actions section and tap on the Deposit option.
Step 3: Go to Online Deposits
The Deposits dashboard will display your existing deposits (if any) alongside options for new investments. Locate the Online Deposits section and tap the Apply button.
Step 4: Choose Fixed Deposit (FD)
You will see different deposit schemes, including Fixed Deposit (FD), Recurring Deposit (RD), and Tax Saver deposits.
Step 5: Fill in the Deposit Details
On the FD application screen, your primary Savings Account number and available balance will be displayed automatically. Enter the following deposit parameters:
On the FD application screen, your primary Savings Account number and available balance will be displayed automatically. Enter the following deposit parameters:
(a) Deposit Amount: Enter the principal amount you wish to invest (minimum amounts apply based on the specific deposit product chosen).
(b) Deposit Tenure: Select the duration of your deposit in years, months, or days.
(c) Interest Payout Frequency: Choose whether you want cumulative returns (interest paid at maturity) or non-cumulative returns (monthly, quarterly, or half-yearly payout to your savings account).
(d) Auto-Renewal Option: Toggle the auto-renewal button ON or OFF, depending on whether you want the deposit principal/interest to renew automatically upon maturity.
Step 6: Select or Add a Nominee
Nomination secures your deposit funds:
(a) Choose Existing Nominee if you want the nominee from your linked savings account to carry over automatically.
(b) Alternatively, select Add Nominee to enter a new nominee's name, relationship, age, and address.
Step 7: Review and Confirm
Tap Continue. Review the deposit summary—including maturity date, estimated interest rate, and payout instructions. Confirm the transaction using your Transaction PIN (TPIN) or OTP sent to your registered mobile number.
Once processed, an instant electronic deposit advice/receipt will be generated, and the newly created FD will reflect under your Deposits summary.
Key Benefits of Opening an FD via Cent eeZ
| Feature | Details |
| Zero Paperwork | 100% digital creation without submitting physical forms or branch visits. |
| Instant Generation | Deposit advice is generated immediately upon confirmation. |
| Flexible Tenures | Choose tenures ranging from short-term (7 days) up to long-term (10 years). |
| Senior Citizen Benefits | Eligible senior citizen account holders automatically receive prevailing preferential interest rates. |
| Loan Facility | Facility to apply for loans/overdraft against your online deposit via the app. |
Frequently Asked Questions (FAQs)
1. What is the minimum amount required to open an online FD in Central Bank of India?
General online term deposits via the Cent eeZ platform can be started with an amount as low as ₹100, while special or green deposit schemes may carry specific minimum balance thresholds (e.g., ₹10,000 or ₹50,000).
2. Can I break or close my online FD before maturity?
Yes. You can prematurely close or liquidate an online fixed deposit directly through the Deposits > Close Deposit section in the Cent eeZ app, subject to standard premature withdrawal rules and penalties.
3. Will I get a physical FD certificate for an online fixed deposit?
No physical paper certificate is required or issued for digital deposits. You can download or email your official digital Deposit Advice/Receipt in PDF format anytime directly from the app.
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