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Cent schemes for NRI and PIO

Cent 555 Term Deposit :-

  • Tenure of deposit : 555 days
  • Rate of interest : As applicable to domestic deposits for similar tenure
  • 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 555 days maturity.
  • Interest is compounded quarterly.
  • Minimum deposit amount is Rs. 1,000 and maximum amount less than 1 crore.

MIDR / QIDR facility under Cent 555 & Cent 777 :-

  • Type of Deposit : MIDR/QIDR under Cent 555 & Cent 777
  • Tenure of Deposit : 555 days / 777 days.
  • Rate of Interest : As applicable to domestic deposits for similar tenure at present 9.05% p.a. & 9.15% p.a. respectively.
  • 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 555 days/ 777 days  maturity.
  • Minimum deposit amount Rs. 5,000 & in multiples of Rs.1000 and Maximum amount less than Rs. 1 crore.

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