• Cent 777 Deposit Scheme

    Cent 777 Deposit account is a term deposit account that pays interest monthly/quarterly/half yearly or annually depending on the option chosen by the depositor. The unique feature of the deposit is that its tenure period of 777 days.

    Features of Central Bank of India Cent 777 Deposit Scheme

    Given below are the features of Cent 777 Deposit Scheme

    Account Type Single
    Amount

    Minimum - Rs.1,000

    Maximum- Below Rs.1 crore

    Rate of Interest 6.45%. Senior citizens are provided an additional rate of interest.
    Period The deposit will be accepted exactly for a period of 777 days and not for a longer or shorter term than that
    TDS Not available
    Loan against Cent Deposit Benefit Scheme Not available
    Nomination (if any) There is no nomination under the scheme
    Auto Renewals Not available

    Eligibility Criteria for applying for Cent 777 Deposit Scheme

    Given below is the eligibility criteria for Cent 777 Deposit Scheme by Central Bank of India

    • Must be a resident of India
    • Senior citizens are eligible
    • Should be able to make a minimum deposit of Rs.1,000

    Cent 777 Deposit Scheme Interest Rates

    Currently, the rate of interest offered under the scheme is 6.45%. The interest is paid in a cumulative type or at monthly, quarterly/ half yearly intervals.

    Cent 777 Deposit Scheme FAQs

    1. What is the minimum amount that needs to be deposited in Cent 777 Deposit account?

      The minimum amount that needs to be deposited in the account is Rs.1,000.

    2. What is the period of deposit for Cent 777 deposit account?

      The period of deposit for Cent 777 deposit account is 28 days.

    3. Is premature withdrawal allowed with Cent 777 deposit?

      The investor has the option of making a pre mature withdrawal before the period of deposit which is 777 days. However, the interest paid at the time of pre mature withdrawal will be in accordance with the instruction of the bank.

    4. What is the maximum amount that can be deposited?

      One can deposit any amount up to Rs.1 crore in the account.

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