{"id":8300,"date":"2025-08-12T09:11:57","date_gmt":"2025-08-12T09:11:57","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?post_type=banking&#038;p=8300"},"modified":"2025-08-12T09:11:57","modified_gmt":"2025-08-12T09:11:57","slug":"fixed-deposit-double-scheme-list-of-banks-offering-fd-double-scheme-in-india","status":"publish","type":"banking","link":"https:\/\/lemonn.co.in\/blog\/banking\/fixed-deposit-double-scheme-list-of-banks-offering-fd-double-scheme-in-india\/","title":{"rendered":"Fixed Deposit Double Scheme\u00a0\u2013 List of Banks Offering FD Double Scheme in India"},"content":{"rendered":"\n<p>An FD double scheme aims to double your principal within a fixed period by offering a pre\u2011set interest rate. Central Bank of India\u2019s <strong>Cent Double Deposit<\/strong> scheme is a well\u2011known example. It doubles the deposit amount in approximately <strong>7.5\u00a0years<\/strong> and requires a minimum deposit of \u20b910,000 in metro branches (\u20b95,000 in rural areas). The scheme\u2019s interest rate around mid\u20112025 is about <strong>7.5\u00a0%<\/strong>, though rates may vary. Banks may also have other \u201cdouble\u201d or \u201cmultiplier\u201d schemes under different names.<\/p>\n\n\n\n<h2 id='typical-features-of-fd-double-schemes'  id=\"boomdevs_1\" class=\"wp-block-heading\">Typical Features of FD Double Schemes<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Element<\/th><th>Description<\/th><\/tr><\/thead><tbody><tr><td>Tenure<\/td><td>Around 7\u20138\u00a0years to double principal<\/td><\/tr><tr><td>Minimum deposit<\/td><td>\u20b95,000 or \u20b910,000 depending on branch type<\/td><\/tr><tr><td>Maximum deposit<\/td><td>Often up to \u20b91\u00a0crore<\/td><\/tr><tr><td>Eligibility<\/td><td>Resident individuals and senior citizens<\/td><\/tr><tr><td>Loan facility<\/td><td>Often available against deposit<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>While doubling schemes may be attractive, evaluate the implied rate of return, compare with other FDs, and verify the bank\u2019s latest rate. Avoid unauthorised schemes that promise unrealistic returns.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-8300","banking","type-banking","status-publish","hentry"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/banking\/8300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/banking"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/banking"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=8300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}