Central Bank special FD: Earn 8.05% interest with a 777-day fixed deposit | Check details
Central Bank has introduced an excellent special Fixed Deposit (FD) scheme for senior citizens. Do you have elders in your home? Do you want to invest their money somewhere safe? Then this 777-day special Fixed Deposit (FD) scheme offers 8.05% interest.
FollowCentral Bank 8.05% Interest FD
Senior citizens rely heavily on FDs for investment. This scheme offers guaranteed returns with no risk of loss. Invest in Central Bank's 777-day FD for seniors.
Central Bank FD scheme details
The 'Cent Karima Term Deposit Scheme' matures in 777 days (2 years +). Regular customers get 7.55% interest, while senior citizens get 8.05%.
Central Bank special FD returns
Senior citizens depositing Rs 1,00,000 will earn Rs 18,490 interest, receiving Rs 1,18,490 upon maturity. Other customers will receive Rs 1,17,260.
Central Bank scheme loan facility
This special FD scheme offers loans up to 90% of the deposit. The loan interest rate is 1% higher than the FD rate. No premature withdrawal allowed with a loan.
Fixed Deposit Application
Apply online/net banking/mobile banking or offline at a branch. Minimum deposit: Rs 10,000, Maximum: Rs 10,00,00,000. 1% penalty for premature withdrawal.
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