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#2
2nd March 2016, 12:30 PM
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| Re: Central Bank of India New FD Scheme
The Central Bank of India is a major public sector bank with operations throughout the country. Established in 1911, it was the first bank to be wholly owned and operated by Indians. Central Bank of India has a pan-India presence across 27 states and 3 Union Territories, through the close to 5000 branches it operates, apart from a scattering of Retail Asset Branches (RAB), Asset Recovery Branches (ARB), and extension counters. Cent Double Deposit Scheme A. Product Features Name of the Product Cent Double Nature of Deposit MMDC Min Deposit Amount Rs.10000.00 - Metro & Urban Centers Rs. 5000.00 - Semi-Urban & Rural Centers Max Deposit Amount Less than ONE CRORE Loan and Advances against deposit Yes, as per prevailing rules Interest Rate 7.50 % Cent Double Deposit Scheme  Minimum/maximum amounts for opening Central Bank of India fixed deposit • Cent Benefit Deposit: 1 crore minimum to avail 6.50% p.a. interest rate. • Money Multiplier Deposit Certificate (MMDC): Minimum 100. • Double Deposit Scheme: Minimum 10,000 (Metro and urban) and 5,000 (Rural and semi-urban). Maximum 1 crore. • Monthly/Quarterly Interest Deposit Receipt (MIDR/QIDR): Minimum 5,000 (increasing in multiples of 1,000). • Cent Tax Saving Deposit: Minimum 100, maximum 1.5 lakhs (in one year). • Cent Uttam Scheme: Minimum 5,000 (increasing in multiples of 1,000). • Cent Aspire: Minimum 20,000 (increasing in multiples of 1,000). No upper ceiling. • Minimum/maximum tenure for fixed deposit schemes • Cent Benefit Deposit: 28 days to 179 days. • Money Multiplier Deposit Certificate (MMDC): 6 months to 120 months. • Monthly/Quarterly Interest Deposit Receipt (MIDR/QIDR): 12 months to 120 months. • Cent Tax Saving Deposit: Fixed tenure of 5 years. • Cent Uttam Scheme: 1 month to 120 months. • Cent Aspire: 1 year to 10 years (in multiples of 3 months). |