The Central Bank of India recently launched a deposit scheme called Immune India Deposit Scheme in an attempt to encourage people to get vaccinated. The scheme offers an interest rate of 25 basis points (bps) higher than the card rate to everyone who has been vaccinated.
|Eligibility||Individuals who have been vaccinated|
*Please note that this is a limited period offer by the bank.
|Tenure||Interest rate (p.a.)|
|7 days to 14 days||2.75%|
|15 days to 30 days||2.90%|
|31 days to 45 days||2.90%|
|46 days to 59 days||3.25%|
|60 days to 90 days||3.25%|
|91 days to 179 days||3.90%|
|180 days to 270 days||4.25%|
|271 days to 364 days||4.25%|
|1 year to less than 2 years||4.90%|
|2 years to less than 3 years||5.00%|
|3 years to less than 5 years||5.10%|
|5 years to 10 years||5.10%|
The fixed deposit is for 1,111 days.
The interest rate for an FD of 45 days is 2.90%.
Yes, you need to be vaccinated to open the FD.
The scheme offers an interest rate of 25 basis points (bps) higher than the card rate to everyone who has been vaccinated.
You can open the FD for 10 years.
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