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Cent Super Non-Callable Time Deposit for 444 days

Key features of Cent Super Non-Callable Time Deposits for 444 days.

  • Minimum amount above of Rs.1.00 Cr. Maximum amount of Rs.10.00 crore.
  • Additional 0.50% to Senior Citizens, 1% to staff, 1.50% to Senior Citizen retired staff will be paid, 1 % to Super Senior Citizen and 2% to ex staff Super Senior Citizen.
  • A Super Senior Citizen is an individual resident who is 80 years and above i.e same criteria which applicable for Super Senior Citizen under Income Tax act,
  • Premature withdrawal is allowed as per bank policy.
  • The deposit is allowed for Non- Resident Category also.
  • Premature Withdrawal of NRE Deposit –In case of premature withdrawal No Interest payable if closed before completion of 1 year.
  • 1% penal interest to be applied (as applicable) if closed before maturity after completion of 1 year. Premature withdrawal is not allowed if loan availed against the Deposit.
  • Rate of Interest on NRE Deposit –Additional benefit of interest is not allowed to either Senior Citizen or ex staff/staff.
  • No auto renewal should be allowed and auto closure should be marked in the system
  • The product will be opened through Online/Offline mode.
  • Loan/Overdraft facility is available as per Bank’s guidelines.


*The Rate of Interest will be change from time to time as per ALCO direction.