CENT NON CALLABLE TIME DEPOSIT
Key features of Non-Callable time deposit for 555 /999 days.
|1||Name of the Product||Cent Non- Callable for 555/999 days.|
|2||Type of Deposit||FDR/MMDC/QIDR/MIDR|
|3||Tenor and rate of interest on Term Deposit||
*The rate of interest will be change from time to time as per ALCO direction.
Minimum –Above Rs.15 Lacs.
|5||Additional Rate of Interest||
The deposits under the Non –Callable Scheme will attract additional rate of interest as below-
|6||Premature Withdrawal||Premature withdrawal is allowed. However it attract penalty of 2.50 % on the applicable rate of interest for the running period of the deposit.|
|7||Demand loan/Overdraft facility||
Loan/Overdraft facility would be available up to 90% of deposit amount.
|8||Maturity Value||While accepting the deposit maturity instructions should be taken to transfer proceeds to linked Saving/Current account.|
|9||Account Opening Mode||The product will be opened through Online/Offline mode. The customer has to visit Cent Net Banking /Cent Mobile to open deposit online, If the customers do not have online banking facility, they can get it activated by visiting the Branch.|
*For more details contact to nearest Branch.