Public sector lender Central Bank of India has introduced a special fixed deposit scheme to attract huge customer segment towards it.
The scheme is indeed a lucrative one with an interest of 13.33% for deposit tenor of 7.5 years.
With the name of 'Cent Double' it indeed offers to double the money deposited by the customer.
It is a limited period offer valid only from September 1 to December 31, 2011.
The interest rate has been fixed at 14.93% for senior citizens for tenor of 7 years 3 months.
The minimum deposit amount for metro cities and urban cities is Rs 10,000 while for semi urban areas is Rs 5000.