Skip to main content

NEW circular cent non callable 999 & 555 days

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 

Period (days)

 

Rate of Interest

999

6.65%

 *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.