Dreams  come true when you invest in City Central Fixed Deposit

Society Approved by Govt. of Maharashtra

safe secure and enjoy high return

INTEREST UPTO

10%

P.A

ADDITIONAL

0.30%*

for Senior Citizens

Product Features

High Returns on FD

City Central Finance Company gives the highest interest rate for Fixed deposit. You can earn up to 10% interest rates. Senior Citizens can enjoy higher additional returns of up to 0.30% and above the normal interest rates. You can earn maximum returns up to 11% effective yield.

Power of Compounding

With Cumulative fixed deposits, you can earn maximum returns up to 11% at the end of the maturity with the help of compounding. You will earn interest on the invested amount and also on the interest you get.

Regular Income

With Non-cumulative Fixed Deposits, you can earn interest rates with the deposited money over a fixed time. By choosing a monthly, quarterly, half-yearly or yearly interest payout, you get a regular earning through interest payments.

Liquidity in times of emergency

In Fixed Deposits, you will enjoy liquidity in times of emergencies, as you can close the deposit to support your exigencies. You can also avail loan on your deposit.

Flexible Tenure

There is a wide range of flexible tenure starting from 12 months to 60 months for efficient planning of short term and long term financial goals.

Guaranteed Returns

In the era of falling interest rates, Fixed deposits offer assured and stable returns.

Why City Central?

  • City Central is Central India's trusted Society approved by Govt. of Maharastra
  • Attractive returns on investment with highest security.
  • City Central has the trust and loyalty of three generations of depositors.
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Benefits of opening a fixed deposit

Convenience

You can invest in Fixed Deposit Online within a few minutes at your convenience from anywhere, anytime.

Ease

You can move funds from your bank account and book your Fixed Deposit at ease.

Flexibility

Enjoy flexibility while choosing the investment amount, and tenure, of your fixed deposit online to suit your financial goals.

Non-Cumulative FD

In the non-cumulative Fixed Deposit scheme, the interest is payable on a monthly, quarterly, half-yearly, or yearly basis. The interest earned monthly under this scheme will be taxable. This scheme is most suitable for an individual who is in need of an interest payout periodically.

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Non-Cumulative FD

In the non-cumulative Fixed Deposit scheme, the interest is payable on a monthly, quarterly, half-yearly, or yearly basis. The interest earned monthly under this scheme will be taxable. This scheme is most suitable for an individual who is in need of an interest payout periodically.

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Frequently Asked Questions

The deposit will be paid back only to the corresponding bank account updated in the records of City Central.

The deposit will be accepted in multiples of ₹ 1,000/- subject to a minimum amount of ₹ 5,000/- for both cumulative deposit and non-cumulative deposit.

In a Non-Cumulative scheme, the interest will be credited on the Last day of every month in case of Monthly, Last day of March/June/September and December in case of Quarterly, Last day of March and September in case of Half-Yearly and Last day of March in case of Yearly.

The first interest will be paid on the last day of the subsequent month in which the FD is processed E.g. If the customer has initiated the FD on 20th March and has requested for monthly interest, the same will be paid on the subsequent month-end that is 30th April.

You can open a fixed deposit with the Company for a minimum tenure of 12 months to a maximum tenure of 60 months.

According to the Direction of the RBI, a deposit receipt cannot be prematurely closed before three months from the date of Deposit/ renewal except in case of death of the depositor. For additional information, please refer to the prematurity payment norms mentioned in terms and conditions of the application form placed on our website under the download section.

We accept investments from Individuals, companies, Partnership Firms, Hindu Undivided Family (HUF), Trust and Foundations, Unincorporated Associations, or Body of Individuals.

You can open a fixed deposit with the Company for a minimum tenure of 12 months to a maximum tenure of 60 months.

Subject to the FD scheme being open, the deposit may be renewed on maturity by submitting a duly filled fresh FD Application Form. It is necessary that the fresh FD Application Form should be submitted along with the duly discharged old FD receipt with revenue stamp of requisite value. The renewal will be subject to the terms and conditions of the FD scheme as applicable on the maturity date of the old deposit.

We have Monthly/Quarterly/Half Yearly and Yearly option for payment of interest. The interest is directly credited to the bank account via NEFT (National Electronic Fund Transfer).

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