DREAMS  COME TRUE WHEN YOU INVEST IN CITY CENTRAL FIXED DEPOSIT

FAAA / stable ” by CRISIL (indicates tha hightest degree of safety)

safe secure and enjoy high return

INTEREST UPTO

10%

P.A

ADDITIONAL

0.30%*

for Senior Citizens







    How to open Fixed Deposit Online in City Central

    Fixed Deposit Certificate will be send to your registered email address.

    Product Features

    High Returns on FD

    City Central Finance Company gives the highest interest rate for Fixed deposit. You can earn up to 7.75% 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 9.05% effective yield.

    Power of Compounding

    With Cumulative fixed deposits, you can earn maximum returns up to 9.05% 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?

    Interest Rates

    PeriodNon Cumulative DepositCumulative Deposit
    Months
      
    Monthly %
    p.a
    Quarterly %
    p.a
    Half yearly %
    p.a
    Yearly %
    p.a
    Effective yield %
    p.a
    Maturity value
    for Rs 5,000/-
    126.316.356.406.506.505325
    156.546.586.646.756.805425
    246.546.586.646.756.975695
    307.257.307.377.507.935990
    367.257.307.377.508.086210
    457.347.397.467.608.436580
    487.347.397.467.608.516700
    607.487.537.607.759.057260

    Benefits of opening a fixed deposit online

    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.

    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.

    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.

    Frequently Asked Questions

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

    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).

    The customer would need to submit the bank details in prescribed format [<a  target=”_blank”>Click here</a> to download  <b>Bank Details/Tax Status change Request Letter</b>

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