Key features of Cent Super Non-Callable Time Deposits for 444 days.
- Minimum amount above of Rs.1.00 Cr. Maximum amount of Rs.10.00 crore.
- Additional 0.50% to Senior Citizens, 1% to staff, 1.50% to Senior Citizen retired staff will be paid, 1 % to Super Senior Citizen and 2% to ex staff Super Senior Citizen.
- A Super Senior Citizen is an individual resident who is 80 years and above i.e same criteria which applicable for Super Senior Citizen under Income Tax act,
- Premature withdrawal is allowed as per bank policy.
- The deposit is allowed for Non- Resident Category also.
- Premature Withdrawal of NRE Deposit –In case of premature withdrawal No Interest payable if closed before completion of 1 year.
- 1% penal interest to be applied (as applicable) if closed before maturity after completion of 1 year. Premature withdrawal is not allowed if loan availed against the Deposit.
- Rate of Interest on NRE Deposit –Additional benefit of interest is not allowed to either Senior Citizen or ex staff/staff.
- No auto renewal should be allowed and auto closure should be marked in the system
- The product will be opened through Online/Offline mode.
- Loan/Overdraft facility is available as per Bank’s guidelines.
*The Rate of Interest will be change from time to time as per ALCO direction.