CF Savings     


CF Savings scheme is the latest addition to the range of products offered by Central Finance. Unlike other Saving schemes, CF offers special savings accounts for individual financial needs.

These innovative saving schemes are unique because they offer an attractive interest according to your deposit amount, insurance policies and additional benefits like Zero Interest on goods and services purchased. Our tailor-made Savings products with special interest rates will help you to select the best future financial investment option. You may choose the best option that suits you and your loved ones from among the following unique Savings Schemes:-


CF Savings | CF Super Savings | CF "Lamaa" Savings | CF Senior Citizens

CF Savings
CF Savings account is a savings account that offers depositors flexibility and high returns for their savings as their account balance grows. The special feature of this account is that the interest increases with the account balance increasing. This account can be opened with a minimum deposit of just Rs.500/-

CF Super Savings
CF Super Savings account is a unique savings scheme that is combined with a fixed deposit. This account is for high volume savers who want more from their deposits. All surplus balances in the Savings Account over a specified amount will be automatically transferred to a fixed deposit in your name. You may select the amount in multiples of Rs.5000/-.  The account also gives you the power to purchase items of your choice with an amazing Zero interest.

CF “Lamã”, Childrens Savings Account
CF Lamã is the savings account for children under the age of 18. While this scheme encourages and appreciates the children who aspire to reach greater heights, It also rewards high intensity savings as well as outstanding achievers in the field of education & sports with many exciting gifts, and Insurance schemes whilst the investment grows
.

CF Senior Citizens
The Senior Citizen’s Savings Account caters specially for senior citizens over the age of 55 years with investment options and special insurance and other loan facilities for the convenience of leading a peaceful retirement life. With its high returns, it’s the ideal treat for those who live in retirement and others who want ease and convenience.

 

CF Savings Interest Rates

Rates of Interest W.E.F. - 10.04.2012

AMOUNT

NORMAL

A.E.R

SUPER

A.E.R

SENIOR CITIZENS

A.E.R

MINOR

With Gifts

A.E.R

Without Gifts

A.E.R

Up to Rs.500.00

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

6.00%

6.17%

7.50%

7.76%

Rs. 500.01 to Rs.10,000.00

5.00%

5.12%

5.00%

5.12%

5.25%

5.38%

6.00%

6.17%

7.75%

8.03%

Rs. 10,000.01 to Rs.25,000.00

5.25%

5.38%

5.25%

5.38%

5.50%

5.64%

6.00%

6.17%

7.75%

8.03%

Rs. 25,000.01 to Rs.50,000.00

5.50%

5.64%

5.50%

5.64%

5.75%

5.90%

6.00%

6.17%

7.75%

8.03%

Rs. 50,000.01  &  Over

6.00%

6.17%

6.00%

6.17%

7.25%

7.50%

6.00%

6.17%

7.75%

8.03%

CF Excel Rate W. E. F. - 10.04.2012

AMOUNT

RATE

A.E.R

Up to Rs. 1,000.00

0.00%

0.00%

Rs.  1,000.01 to Rs.25,000.00

5.00%

5.12%

Rs.25,000.01 to Rs.50,000.00

5.25%

5.38%

Rs.50,000.01 to Rs.249,999.99

7.25%

7.50%

Rs.250,000.00 & Over

8.25%

8.57%

 

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