Reap higher returns
Under this scheme depositors can avail floating rate of interest which is higher than the interest rate on normal Term Deposits.
- Amount of deposit Rs. 50,000/- and thereafter in multiple of Rs. 5,000/-
- Period of deposit One year and above and upto a maximum of 10 years.
- Rate of interest Rate of interest shall be the appropriate rate prevailing on the date of deposit.
- Premature payment Payment before maturity is available. However, in such cases the deposit will be treated as normal deposit and interest will be paid as per our prevailing rates applicable to normal deposits. Further, the extra interest paid on Central's Flexi Yield Deposit will be recovered.
- Loan/advance against deposits Loans and advances against deposit is available in the scheme as per prevailing rules.