|Name of the Product
||CENT - 777 DEPOSIT SCHEME
|Type of Deposit
||Term Deposit in nature with an option of interest payment at monthly/ quarterly/ half yearly intervals or cumulative type
|Period of Deposit
||The Deposit will be accepted for a fixed period of 777 days. No deposit will be accepted under the scheme for a longer or shorter period.
||Minimum - Rs.1,000/-
Maximum – Less than Rs.1 crore.
|Rate of Interest
||The deposits under the Scheme will attract interest at the rate of 6.55%. Additional interest for Senior Citizens & Staff as per existing norms.
||Though the deposit is accepted for a fixed period of 777 days, a customer may opt for premature withdrawal of deposit. However, the interest payable for such premature withdrawals will be as per our instruction circular no 1124, dated 27th April 2013.