Salient Features
| No | Features | Description |
| 1. | Name of the Product | Cent Garima Term Deposit Scheme. |
| 2. | Eligibility for opening | All type of customers eligible for opening including NRE customers. |
| 3. | Type of Deposit | Term Deposit in nature with an option of interest payment at monthly/ quarterly intervals or cumulative type |
| 4. | Period of Deposit |
The Deposit will be accepted for a fixed period of 777 days. |
| 5. | Deposit Amount | Minimum - Rs.10,000 ( Rupees Ten Thousand) Maximum - Rs. 10,00,00,000 (Rupees Ten Crore |
| 6. |
Rate of Interest |
*7.15% (Annualised yield 7.34%). |
| 7. | Premature Withdrawal allowed | Penal interest at the rate of 1% will be charged on premature withdrawal of time deposits irrespective of the amount. |
| 8. | Premature Withdrawal of NRE Deposit |
In case of premature withdrawal No interest payable if closed before completion of 1 year. |
| 9. | Renewal | There will be no automatic roll-over provided for this time deposit scheme. Maturity proceeds will be transferred to SB/CD account of the depositor on the date of maturity |
| 10. | Demand loan/Overdraft facility |
Loan/Overdraft facility would available up to 90% of deposit amount. Interest rate would be 1.00 % p.a. above the applicable floating interest rate. |
| 11. | Digital Choice |
The product can also be opened through online/Net Banking/Mobile Banking |
| 12. | Other terms and conditions | All other existing Terms & Conditions applicable to Time Deposit will continue. *The interest rate changes from time to time, for latest Interest Rate, check the link for Interest Rate on Deposit. |