CENT NON CALLABLE TIME DEPOSIT
Key features of Non-Callable time deposit for 555 /999 days.
| No | Features | Description | ||||||
| 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. |
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| 4 | Deposit Amount |
Minimum –Above Rs.15 Lacs. |
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| 5 | Additional Rate of Interest |
The deposits under the Non –Callable Scheme will attract additional rate of interest as below- |
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| 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. |
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| 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.