SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Central Bank of India introduces new recurring deposit scheme

13 Aug 2012 Evaluate

Central Bank of India has introduced a new recurring deposit scheme ‘Centswashakti’ for retail depositors. Through this scheme, depositors will get flexibility to deposit up to 10 times the originally decided minimum amount every month.

The depositors can deposit the installments in the scheme, with tenures ranging from 6 months to 120 months, one or more times during a month. Interest rate on the recurring deposit will be as per prevailing term deposit card rate. It will be calculated on a daily basis and will be credited half-yearly.

CentralBank of India Share Price

36.07 0.23 (0.64%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×