• Immune India Deposit Scheme┬áby Central Bank of India

    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.

    Features of the Immune India Deposit Scheme

    Tenure 1,111 days
    Eligibility Individuals who have been vaccinated
    Benefits
    • Get 25bps extra on fixed deposit
    • 50 bps extra for senior citizens

    *Please note that this is a limited period offer by the bank.

    Immune India Deposit Scheme Interest Rates

    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%

    FAQs on Immune India Deposit Scheme by Central Bank of India

    1. For how many days is the fixed deposits?

      The fixed deposit is for 1,111 days.

    2. What is the interest rate for an FD of 45 days?

      The interest rate for an FD of 45 days is 2.90%.

    3. Do I need to be vaccinated to open the FD?

      Yes, you need to be vaccinated to open the FD.

    4. How much interest is the FD offering?

      The scheme offers an interest rate of 25 basis points (bps) higher than the card rate to everyone who has been vaccinated.

    5. For how many years can I open the FD?

      You can open the FD for 10 years.

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