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Cent Double Deposit Scheme

 

A. Product Features:

 i.    Name of the Product                            : Cent Double

ii.    Nature of Deposit                                : MMDC

iii.    Rate of Interest                                  : 9.15%

iv.    Tenure of Deposit                                : as under

 

 

ROI

Annualized

Periodicity

 

 

 

 

Months

Years

1

General Public

9.15%

13.24%

93

7 2/3

2

Senior Citizen

9.65%

13.99%

88

7 1/3

3

Staff   

10.15%

14.66%

83

6 11/12

4

Senior Citizen (Ex-staff)

10.65%

15.44%

80

6 2/3

 

v.    Min Deposit Amount                             : Rs.10000.00 - Metro & Urban Centers

                                                                : Rs.  5000.00 - Semi-Urban & Rural Centers

vi.   Max Deposit Amount                            : Less than ONE CRORE

vii.  Loan and Advances against deposit        : Yes, as per prevailing rules

viii.  Launch Date of product                         : 5th January, 2012

ix.    Termination of product                         : 31st March, 2012

 

 

 

 



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