Bangalore, April 27, 2023: Elderly people in India deserve better care and attention, particularly when it comes to financial matters. With this in mind, Bank of India under their “Shubh Arambh Deposit” scheme, have a special fixed deposit designed for seniors, including super senior citizens aged 80 and above. This scheme puts more money in their hands, with an additional interest rate of 0.50% for senior citizens and 0.65% for super senior citizens.
Effective from April 1, 2023, the Shubh Arambh Deposit offers a high interest rate of 7.80% for 501-day fixed deposits for super senior citizens. The deposit scheme aims to provide a safe investment option and is also available to other senior citizens aged 60-80 at the rate of 7.65%.
Moreover, Bank of India is offering attractive interest rates across other tenures ranging from 7 days to 10 years. The deposits with terms from 7 days to 10 years will get interest rates up to 7.40% for super senior citizens and up to 6.75% for regular customers. The revised interest rates apply to domestic, NRO, and NRE deposits. For deposits of three years and above, there is a total additional interest rate of 0.75% for senior citizens and 0.90% for super senior citizens above the normal rate of interest.
One major advantage of Bank of India's FD schemes is their flexibility, allowing savings management without extra charges or penalty on renewals for longer durations. Additionally, customers can avail of a loan against their deposit up to 90% of the outstanding amount of the term deposit. For those below 60 years of age, they can earn up to 7.15% interest.
_1685445613.png)
- Expands footprint across disrupt
_1684830275.png)
National, May 23, 2023: Entropik, a leadi
_1684820398.jpg)
Kochi: Maruti Suzuki India Limited signed a Memorandum of Understan
_1685624681.jpeg)
- 3rd Promotional Roadshow for the upcoming RDTM in Jodhpur held today
- 3rd edition of RDTM from 14 – 16 July in Jaipur
Bangalore, 1st June 2023 – Cornerstone Group has been honored with the prestigious ‘Most Admired Luxury Proj
Kochi, 1st June, 2023: The online fashion market is about to witness something unique as Kotak M
Government / 01-06-2023
Congress MP Shashi Tharoor criticises PM Modi for discussing India’s internal matters internationally.Living-in-India / 01-06-2023
MP DIYA KUMARI EXPRESSES GRATITUDE FOR APPROVAL OF JAKHAM DAM BASED PROJECT WORTH RS. 3693 CROREBusiness / 01-06-2023
“RDTM 2023 ENDEAVOURS TO REVITALIZE DOMESTIC TOURISM IN A SUSTAINABLE WAY”Business / 01-06-2023
Cornerstone Akhinta Residences Receives Most Admired Luxury Project Award at Global Real Estate Brand Awards 2023Business / 01-06-2023
Myntra and Kotak Mahindra Bank Join Forces to Launch India’s First-of-its-kind Digital Fashion Co-Branded Credit Card Offering Unmatched Benefits for ShoppersPelikken © Copyright 2022, All Rights Reserved
_1685624743.jpeg)
_1683804197.jpg)
_1683795797.png)
_1683278905.png)
