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Cent schemes for NRI and PIO

Cent Swa Shakti-Flexi Recurring Deposit Scheme :-

  • Flexi Recurring Deposit Scheme "CENT SWA -SHAKTI FLEXI RDS" under NRE term Deposits is available. The unique feature of the Scheme is that the monthly deposits can be varied, depending upon the surplus funds available at the disposal of the depositor in that month.
  • Interest rate will be as per prevailing term deposit card rate applicable to NRE Term Deposits. It will be calculated on daily basis and will be credited every half year in June and December.
  • Depositor has to choose monthly Core amount . It can be minimum Rs. 100  and in multiples of Rs. 100 up to maximum cap of Rs. 1,00,000.
  • Besides monthly core amount, one can also deposit additional amount. The aggregate monthly deposit should not exceed ten times of such CORE amount. The instalment can also be deposited one or more times during a month, subject to maximum ceiling of 10 times of Core Amount.

Cent 777 Term 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.
  • The deposit will be for Minimum Rs. 1,000 and for a Maximum of less than Rs. 1 crore.
  • The deposits under the Scheme will attract interest at the rate of 9.15% at present . In case of revision in domestic deposit rates for the same period this rate will be equivalent to the rate applicable to domestic deposit of 777 days maturity.
  • Interest will be Compounded Quarterly.

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