Cash Certificate
- Cash certificates are a unique type of deposit that offer the opportunity to accumulate a certain amount over time while earning interest. They are flexible and secure, making them an excellent choice for long-term investments. Holders of cash certificates can even borrow money against them if necessary.
Eligibility
- Individuals: Any individual can open a cash certificate in their own name or jointly with others.
- Minors: Accounts can be opened by minors represented by parents or guardians.
- Organizations: Clubs, societies, institutions, educational institutions, trusts, and firms are eligible to open cash certificates.
Chirantana Cash Certificate
Interest Rates
|
Duration
|
Common Rate
|
Senior Citizen
|
|---|---|---|
|
899 days
|
10%
|
10.25%
|