Central Bank of India launches special deposit product

‘Cent Double’ scheme will give an annualised yield of 13.33%, valid between September 1 and December 31.

Central Bank of India on Wednesday launched a special scheme offering to double depositors’ money in seven-and-a-half years.

The scheme, christened ‘Cent Double’, will give an annualised yield of 13.33 per cent and is valid between September 1 and December 31, a statement issued here by the bank said.

For senior citizens, the annualised yield stands at a higher 14.93 per cent and the money will double in seven years and three months, it added.

View the full story in The Hindu Business Line.