Get Kovid Vaccine and get more interest on FD A-c
Get Kovid Vaccine and get more interest on FD A/c
Covid-19 Vaccination: There are two government banks that will give interest at higher rates on fixed deposits to customers who have got the Kovid vaccine. That is, on one hand you are protecting yourself against Kovid, on the other hand your capital is growing faster.
Kovid -19 Vaccination many banks to encourage people to (Covid-19 Vaccination) has announced some attractive schemes. There are two such public sector banks, which have announced that they will pay higher rates of interest on fixed deposits to customers who have got the Kovid vaccine. That is, on one hand you are protecting yourself against Kovid, on the other hand your capital is growing faster.
State-run bank UCO Bank on Monday announced its scheme 'UCOVAXI-999'. Under this scheme, the bank will give an interest rate of 30 basis points i.e. 0.30 percent more to its customers than the current interest rate on its FD.
However, this scheme will be applicable only for the limited period only. A bank official told news agency PTI that the bank is taking this step to promote the vaccination drive. Customers will be given more interest on FD under 'UCOVAXI-999'. The benefit of this scheme can be availed only till 30 September.
Apart from UCO Bank, Central Bank of India is also running a similar scheme. This government bank had also announced 'Immune India Deposit Scheme' in April itself. Under this, the customers who have got the vaccination will get interest at the rate of 25 basis points i.e. 0.25 percent higher than the applicable card rates.
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 said in a tweet that 'To encourage for the vaccination of Kovid-19, Central Bank of India is launching a special deposit product 'Immune India Deposit Scheme'. Under this, customers who have got vaccination for 1111 days will get interest at the rate of 25 basis points i.e. 0.25 percent more than the applicable card rates.
Let us inform that the maturity period of Immune India Deposit Scheme is 1111 days and this scheme is also available for limited period only. Another special thing is that senior citizens can also get additional interest.