Central Bank of India’s new RD scheme: ‘Centswashakti’
By Neelima Shankar
Aug 13, 2012
Print    Email    RSS   

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 : 19) Post Your Comments
1. I am a customer of central bank of india, want to start a new R.D. at monthly instalment of Rs.5-7000/- for 5years, mail the best plan plz, i am not senior citizen.
Mrs. Minati Goswami (Posted: Aug 13, 2015)
2. What is cent swastik and millinimare scheme.if I invest 1000 per month than after how many day and how many ruppes return to bank.
Sanjiv Kumar (Posted: Aug 13, 2015)
3. I am a customer or central bank of India, want to start RD of 1-5 years...on monthly payment 8-10k....not senior citizen..mail the best plan plz
sakshi arora (Posted: Aug 5, 2015)
Show All Comments
 Select a product:

 Select a product:

The recent interest rate hike
Fetch higher interest rate on your savings...
Carnival of Indian Personal Finance Blogs #3
Regular fixed deposits in India: Great way...
Credit profile and its effect on loan...

【इंटरनेशनल POWER】...
{(+91-8107993900)} LoVe pRoBlEm SoLuTIoN baba ji in...
ҠOreĞaon Park 08554976404 Ξ 08554950024 Pune CALL...
BALAJI NAGAR Esc0rts {}- 09766585868 •/•...

Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive