Unique Recurring Deposit Scheme of the Central Bank of India “Cent Surakshit Samriddhi” launched
Demokratic Front, Chandigarh – May 12 :
A business review meet was organized under the chairmanship of Executive Director of Central Bank of India , Mr. Rajeev Puri, at Hotel Shivalik, Sector 17, Chandigarh. All branch managers of the area participated in the meeting and discussed various issues being held in the branches. Several business parameters were also reviewed and Zonal Head Sheesh Ram Tundwal and Regional Head Sudhanshu Shekhar were also present.
The main objective of the meeting was to launch the new and unique Recurring Deposit Scheme of the Bank “Cent Surakshit Samriddhi”. A press meet was also organized at Hotel Shivalik View in the afternoon.
People in the age group of 18 to 50 years can participate in this unprecedented scheme of Central Bank of India. Under this scheme, a minimum of 10,000 to a maximum of 1,00,000 can be deposited per month for 84 months. The account holder will get a life insurance coverage of 100 times the principal installment amount, the life cover will be paid by the bank and maturity amount will be 100 times of the original monthly instalment payable. The facility of loan is also available after 6 months to the customer, on the amount deposited and the facility of premature payment will also be allowed.