CENT NON CALLABLE TIME DEPOSIT
Key features of Non-Callable time deposit for 999 days.
|
No |
Features |
Description |
||||
|
1 |
Name of the Product |
Cent Non- Callable for 999 days. |
||||
|
2 |
Type of Deposit |
FDR/MMDC/QIDR/MIDR |
||||
|
3 |
Tenor and rate of interest on Term Deposit |
*The rate of interest will be change from time to time as per ALCO direction. |
||||
|
4 |
Deposit Amount |
Minimum –Above Rs.1 Cr. Maximum –Up to Rs. 10 Cr. |
||||
|
5 |
Additional Rate of Interest |
The deposits under the Non –Callable Scheme will attract additional rate of interest as below- Senior Citizen-0.50 % Super Senior Citizen- 1 % Staff - 1% Senior Citizen Staff –1.50% Ex-staff Super Senior Citizen – 2% |
||||
|
6 |
Demand loan/Overdraft facility |
Loan/Overdraft facility would be available up to 90% of deposit amount. Interest rate would be 1.00 % p.a. above the applicable Term Deposit interest rate. |
||||
|
7 |
Maturity Value |
While accepting the deposit maturity instructions should be taken to transfer proceeds to linked Saving/Current account. |
||||
|
8 |
Account Opening Mode |
The product will be opened through Online/Offline mode. The customer has to visit Cent Net Banking /Cent Mobile to open deposit online, If the customers do not have online banking facility, they can get it activated by visiting the Branch. |
*For more details contact to nearest Branch.