The Hindu Business Line : Central Bank's deposit scheme

Central Bank of India is introducing a deposit scheme - Cent Super - from February. 19A bank statement said the deposit scheme will remain open till March 31.

The deposit will be accepted for a fixed period of 555 days, with the minimum amount being Rs 25,000. The rate of interest will be 9.25 per cent, with an additional half a per cent to the senior citizens. For premature withdrawals, the interest payable will be one per cent less than the rate applicable for the period the deposit has remained with the bank.

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