Central Bank of India launches new product namely “Cent Benefit Deposit” wef 28 th August 2013. The details of the product are as under: Features of the Product: Name of the Scheme: “Cent Benefit Deposit”. Minimum Amount: Rs. 1 Crore. Maximum amount: Rs. 10 Crore. Tenure: 14 days to 179 days. Target Customers: HNI (High Net Worth Individuals/Corporate and Govt. Bodies, etc.). Rate of Interest: 9.00% p.a. Specific Condition: No penal interest on premature withdrawal after 14 days. Validity of the Scheme: 31 st December 2013. No interest will be paid if funds are withdrawn before 14 days.
Posted on: Tue, 27 Aug 2013 05:43:45 +0000
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