NEWS & ADVICE : FIXED DEPOSITS
Central Bank of India’s new RD scheme: ‘Centswashakti’
By Neelima Shankar
Aug 13, 2012
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The Mumbai based bank, Central Bank of India, has introduced a new scheme in the retail deposits segment. The scheme, called ‘Centswashakti', is a recurring deposits scheme which provides the depositors convenience and freedom to deposit an amount which is up to 10 times of the pre decided monthly minimum amount. In addition to this, the amount can be deposited more than once during a month.

The recurring deposits scheme has tenures varying between a minimum of 6 months to a maximum of 120 months. The interest rates provided on the scheme will be computed daily and will depend on the existing term deposit card rate of the bank. It will be credited to the respective accounts once every 6 months.


(Comments Posted : 15) Post Your Comments
1. I want to open a Centswashaki in RD scheme with foowing detais. (1) I am Senior citizen (2) Want to deposit Rs. 5000.00 per month for the period 120 months Please inform me rate of interest for 120 month (incudind senior citizen interest rate benefit. Please inform me maturity amount on after 120 month as I do not want periodic interest amount before its maturity.
ramesh S.Parmar (Posted: Dec 27, 2014)
2. Pls send me latest rd & rate of interest in my mail id
madhumita das (Posted: Nov 13, 2014)
3. Please send latest RD scheme & interest rates in my mail id
ranjeet singh (Posted: Sep 26, 2014)
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