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 : 20) Post Your Comments
1. sir,
let me know if i deposit 10000 per month for 33 months.on maturity what interest i will get???
ANSHU JAIN (Posted: Sep 12, 2015)
2. 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)
3. 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)
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