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    Cent Suraksha Deposit

    CENT Suraksha Deposit scheme is a fixed deposit scheme offered by Central Bank of India.

    It is a deposit scheme with an insurance incentive. The said scheme offers several special features under two variants, namely, CENT Suraksha Deposit (PMSBY- RS.177) and CENT Suraksha Deposit yojana (PMJJBY- Rs.4317). CENT Suraksha Deposit will facilitate payment of premium towards Pradhan Mantri Suraksha Bima Yojana (PMSBY) while CENT Suraksha Deposit yojana will facilitate payment of premium for both Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). For instance, a giftee can deposit for Rs.201 or Rs.5001 in his or her savings account. (Rs.177 or Rs.4317 is transferred to Suraksha deposit scheme or Suraksha deposit yojana). In other words,

    Rs.201 is used for premium in the first and second year of Suraksha Bima Yojana while the rest is used for term deposit. The annual income earned is used for PMSBY premium. It is important to note that Aadhaar is an important proof for KYC. This scheme was launched for the festival of Raksha Bandhan when gift cheques (of pre-fixed denomination) are commonly exchanged. A giftee can present the gift instrument to the bank and deposit it in her bank account. The bank will deposit the cheque in giftee’s saving account or open a BSBDA account, if required.

    Eligibility Criteria for applying for CENT Suraksha Deposit

    As per Suraksha Deposit scheme, only individuals are eligible to avail of this scheme while Partnerships, Proprietorships, Institutions, Trust and Societies are not eligible.

    Features of CENT Suraksha Deposit

    The following table shows the features of this scheme

    Account Type

    J Single


    CENT Suraksha Deposit

    Instrument: Rs.201

    FD: Rs.177

    CENT Suraksha Deposit yojana

    Instrument: Rs.5001

    FD: Rs.4317

    Rate of Interest


    Interest rate will be as per prevailing term deposit card rate.


    Minimum: 5 years

    Maximum: 10 years


    As applicable

    Loan against CENT Suraksha Deposit


    Nomination (if any)


    Auto Renewals


    *Interest Rates are subject to change. Please contact bank representatives for details. Rates are as of January, 2016

    CENT Suraksha Interest Rates

    Under this scheme, interest is compounded on a quarterly basis but paid on an annual basis by crediting the giftee’s account. The interest credited in the savings account is premium towards PMSBY or PMJJBY. The following table shows additional rates



    Senior citizen


    Ex-staffer-cum senior citizen


    Ex-staff/staff/widow/widower of staff


    CENT Suraksha Deposit Scheme FAQs

    1. What kind of deposit scheme is CENT Suraksha?

      CENT Suraksha is a deposit scheme with an insurance incentive.

    2. What are the variants of deposit schemes offered by Central Bank of India?

      The deposit schemes are available in two variants, namely, CENT Suraksha Deposit and CENT Suraksha Deposit yojana.

    3. What is the minimum and maximum period of deposit?

      The minimum period of deposit is 5 years while the maximum is 10 years.

    4. How is interest calculated for CENT Suraksha Deposit schemes?

      Under the CENT Suraksha Deposit schemes, interest is compounded on a quarterly basis but paid on an annual basis.

    5. Is nomination facility available under this scheme?

      Yes. Nomination facility is available under this scheme.

    Useful Information on Central Bank of India Fixed Deposit

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