Central Bank offers special deposit scheme
Mumbai, Aug 30: State-run lender Central Bank of India today (Aug 30) launched a special scheme offering to double depositors' money in seven-and-a-half years.
The scheme, christened ''Cent Double'', will give an annualised yield of 13.33 per cent and is valid between September 1 and December 31, a statement issued here by the bank said.
For senior citizens, the annualised yield stands at a higher 14.93 per cent and the money will double in seven years and three months, it added.
For the metros and urban centres, a minimum deposit to be made under the scheme is Rs 10,000, while for semi-urban and rural centres it is Rs 5,000, it said, adding that the maximum sum which can be invested is less than Rs 1 crore.
PTI
Comments
Story first published: Tuesday, August 30, 2011, 16:05 [IST]