Cent Aspire Deposit Scheme 2025

Cent Aspire Deposit account is a fixed deposit account that offers an attractive rate of interest. A free Central Bank of India Aspire Credit Card will be issued for tenure that is 3 years and above.

Updated On - 05 Sep 2025
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Eligibility Criteria for Applying for Cent Aspire Deposit Scheme

Given below are the eligibility criteria for Cent Aspire Deposit Scheme by Central Bank of India

  1. Must be a resident of India.
  2. Senior citizens are eligible.
  3. The individual should be capable enough to make a minimum deposit of Rs.20,000.

Features of Cent Aspire Deposit Scheme

Given below are the features of Cent Aspire Deposit Scheme

Account Type

Single and joint account is available under this plan

Amount

  1. Minimum: Rs.20,000 (multiples of Rs.1,000 after the initial deposit can be made)
  2. Maximum: There is no cap on the maximum amount that can be deposited in this account

Rate of Interest

Interest rate will be as per the prevailing card rate ranging between 6.00% to 7.00%

Period

  1. Minimum: 1 year and above in multiples of three months
  2. Maximum: 10 years

TDS

Not available

Loan against Cent Deposit Benefit Scheme

No loan or overdraft will be sanctioned against this deposit plan

Nomination (if any)

Nominations can be added

Auto Renewals

All deposits under the scheme will be under auto-renewal mode. They will be renewed for a similar period on maturity of deposit, so that there is no loss of interest to the customer. Auto renewal is mandatory.

Cent Aspire Deposit Scheme Interest Rates

Tenure 

Deposits Less than Rs.3 crore 

Deposits more than Rs.3 crore and up to Rs.10 crore 

1 years to less than 2 years 

6.85% 

7.00% 

2 years to less than 3 years 

7.00% 

6.50% 

3 years to less than 5 years 

6.75% 

6.00% 

5 years and above and up to 10 years 

6.50% 

5.75% 

*Interest rates are subject to change without prior warning. Contact the bank for further information. Rates are as of 10 August 2024. 

FAQs on Cent Aspire Deposit Scheme

  • What is the minimum amount that needs to be deposited in Cent Aspire Deposit account?

    The minimum amount that needs to be deposited in the account is Rs.20,000.

  • What are the consequences if one makes a withdrawal before 28 days?

    There will be no interest paid whatsoever on premature withdrawals before the completion of 28 days from the date of initiation of the account.

  • Does the bank offer special interest rates for senior citizens for Cent Aspire Deposit account?

    The bank does not offer any special rates for senior citizens for Cent Aspire Deposit account.

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