The Central Bank of India, a leading public sector bank, offers various fixed deposit (FD) schemes with competitive interest rates and features. The bank’s interest rates range from 3.50% to 6.50% for regular fixed deposits, with senior citizens receiving an additional 0.50% interest. However, the bank also offers three unique FD schemes that provide higher returns than regular FDs. These schemes are designed to cater to the diverse needs of customers and offer benefits such as higher interest rates, flexible tenures, and premature withdrawal options.
The three unique FD schemes offered by the Central Bank of India are:
- Cent Super Callable Time Deposit (444 days): This scheme has a minimum investment amount of ₹10,000 and a maximum amount of ₹10 crore. It offers 6.50% interest for general citizens and 7% for senior citizens. The scheme allows free mature withdrawals and can be opened both online and offline.
- Cent Super Time Deposit (555 days): This scheme also has a minimum investment amount of ₹10,000 and a maximum amount of ₹10 crore. It offers 6.50% interest for general citizens and 7% for senior citizens. The scheme allows premature withdrawal and online account opening.
- Cent Green Time Deposit Scheme: This scheme offers three tenure options: 1111 days, 2222 days, and 3333 days. For the 1111-day FD, the bank offers 6.50% interest for general citizens and 7% for senior citizens. For the 2222-day and 3333-day FDs, the bank offers 6.75% interest for general citizens and 7.25% for senior citizens.
These unique FD schemes offer higher interest rates than regular FDs, making them attractive options for customers looking to invest their savings. Additionally, the schemes offer flexible tenures and premature withdrawal options, providing customers with greater control over their investments. Overall, the Central Bank of India’s FD schemes are designed to cater to the diverse needs of customers and provide competitive returns on their investments.