The Cent Swashakti Flexi Recurring Deposit Scheme 2025 by Central Bank of India is a specially designed savings product aimed at providing women—particularly from self-help groups (SHGs) or low-income segments—with a flexible and disciplined way to build long-term savings.
Central Bank of India offers the Cent Swashakti Flexi Recurring Deposit Scheme to Indian residents and to NREs as well. This is a flexible scheme where the depositors can deposit any amount as monthly installment, as per their choice. If they have surplus money available at any point of time, they can deposit the same that month.
The Cent Swashakti Flexi Recurring Deposit scheme is also extended to NRIs, under the NRE Term Deposit Scheme. NRI customers can deposit any amount as monthly installment, as per their choice. Surplus money available at any pint of time, they can deposit the same that month.
Features:
Eligibility:
This recurring deposit scheme can be opened by NRIs either by themselves or jointly with other NRIs or close relatives who are residing in India.
The methods by which you can make payments towards your recurring deposit account are: Direct transfer from any branch of Central Bank of India Cash/ Clearing Internet ECS Standing Instruction or SWEEP Facility.
Yes, depositors can avail loan against RD for up to 90% of the amount deposited in the account as well as the interest accrued on the same.
No, there is no penalty levied on delayed payment.
No, there is no penalty levied on premature closure.
The Cent Swashakti Flexi Recurring Deposit is transferable across branches of Central Bank of Bank.
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