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Banks offering higher interest on fixed deposit (FD) to encourage Covid vaccination

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Central Bank of India had recently launched a special deposit scheme - Immune India Deposit Scheme - offering an additional interest rate of 25 basis points (bps) above the applicable card rate for those who get vaccinated.Immune India Deposit Scheme has a maturity of 1,111 days and is for a limited period.

Senior citizens are eligible for extra interest as applicable."To encourage Vaccination under COVID 19, Central Bank of India launches Special Deposit Product “Immune India Deposit Scheme" for 1111 days at an attractive extra Interest rate of 25 basis points above the applicable card rate for Citizens who got Vaccinated," the bank had tweeted.To encourage Vaccination under COVID 19, Central Bank of India launches Special Deposit Product.

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