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The CENT Uttam Scheme is one of the fixed deposit schemes offered by the Central Bank of India. The Central Bank of India was the first commercial bank in India established in 1911 which had the distinction of being wholly owned and successfully operated by Indians. The Central Bank of India was nationalised in 1969. The CENT Uttam scheme provides customers with various benefits such as high returns and easy liquidity. The CENT Uttam scheme is also flexible in that customers can withdraw a part of their deposit amount according to their financial requirements. Under the CENT Uttam scheme, customers withdraw some ‘units’ (deposit amount) in case they require liquidity. It is important to note that the withdrawn amount has no bearing on the remaining deposit amount in that the same interest rate applies on the amount till maturity (10 ‘unit withdrawals’ can be made throughout the period of the scheme).
CENT Uttam Scheme can be availed by Indian citizens. Please contact bank representatives for details.
The salient features of CENT Uttam Scheme are listed in the table below:
|
Account Type |
J Single |
|
Amount |
Minimum: Rs.5,000 (multiples of Rs.1,000) Maximum: N/A |
|
Rate of Interest |
The rate of interest will depend on the deposit date and period |
|
Period |
Minimum: 30 days Maximum: 120 months |
|
TDS |
N/A |
|
Loan against Sscheme |
Available according to prevailing deposit regulations |
|
Nomination (if any) |
N/A |
|
Auto Renewals |
N/A |
The Central Bank of India offers varying interest rates for its fixed deposit customers under various schemes in that rates may range from 5% to 9% depending on the deposit amount and the total period for which the deposit is held by the bank. Customers should consult officials of Central Bank of India for further details regarding interest rates.
*Interest rates are subject to change without prior warning. Contact the bank for further information. Rates are as of January 2016.
The CENT Uttam Scheme is one of the fixed deposit schemes offered by the Central Bank of India.
The minimum deposit amount under the scheme is Rs.5000.
The minimum and maximum deposit period under the CENT Uttam Scheme is 30 days and 120 months respectively.
The CENT Uttam Scheme offers various benefits to customers such as high returns and easy liquidity.
Yes. Customers can take a loan against CENT Uttam Scheme, subject to prevailing terms and conditions.
Useful Information on Central Bank of India Fixed Deposit
Other Fixed Deposit Schemes Offered by CBI
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