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    Cent 777 Deposit Scheme

    Central Bank of India is a government owned bank and one of the oldest and largest banks in India. The bank is based in the financial capital of India, Mumbai. The bank offers a wide range of financial products including deposit accounts. 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.

    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

    Features of Cent 777 Deposit Scheme

    Given below are the features of Cent 777 Deposit Scheme

    Account Type



    Min- Rs.1,000

    Max- Any amount less than Rs.1 crore

    Rate of Interest

    The interest will be payable monthly/Quarterly/half yearly interval type or cumulative depending on the option chosen by the depositor


    The deposit will be accepted exactly for a period of 777 days and not for a longer or shorter term than that


    Not available

    Loan against Cent Deposit Benefit Scheme

    Not available

    Nomination (if any)

    There is no nomination under the scheme

    Auto Renewals

    Not available

    Cent 777 Deposit Scheme Interest Rates

    The rate of interest offered for Cent 777 Deposit scheme depends on the amount deposited in the scheme. One can choose from monthly/quarterly/ half yearly and cumulative type of interest payment.

    *Interest rates are subject to change without prior warning. Contact the bank for further information. Rates are as of December 2015.

    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 pre mature 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.

    Useful Information on Central Bank of India Fixed Deposit

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