Central Bank comes out with `super' deposit scheme

Staff Reporter

VISAKHAPATNAM: Central Bank of India will introduce a new deposit scheme - Cent Super - from Monday and it will remain open till March 31.

According to the bank's chief manager P.K Mohanty, the deposits would be accepted for a fixed period of 555 days, with the minimum amount being Rs. 25,000.

He said the interest payable on the deposit was 9.25 per cent, with an additional 0.5 per cent for the senior citizens. The deposit-holder may opt for premature withdrawal, if necessary, but the interest payable would be one per cent less than the usual rate.

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