This bank is offering higher interest on fixed deposit (FD) for getting vaccinated

A healthcare worker administers a dose of Covid-19 vaccine. (Bloomberg)Premium
A healthcare worker administers a dose of Covid-19 vaccine. (Bloomberg)
 2 min read . Updated: 13 Apr 2021, 02:02 PM IST Edited By Sangeeta Ojha

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

In order to encourage people to get Covid-19 jabs, the Central Bank of India has 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.

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"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 said in a tweet.

Immune India deposit scheme

Period: 1111 days

Eligibility: Covid-19 vaccinated only

Limited period offer

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Get 25bps extra on fixed deposit

50 bps extra for senior citizens

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Central Bank of India latest FD interest rates effective 8 January 2021

On FDs maturing in 7 days to 10 years, Central Bank of India gives interest rtae ranging from 2.75% to 5.1%. These rates are effective from 8 January 2021.

7 -14 days 2.75%

15 - 30 days 2.90%

31 - 45 days 2.90%

46 - 59 days 3.25%

60 - 90 days 3.25%

91 - 179 days 3.90%

180 - 270 days 4.25%

271 - 364 days 4.25%

1 yr to less than 2 yrs 4.90%

2 yr to less than 3 years 5.00%

3 yr to less than 5 years 5.10%

5 years & above up to 10 years 5.10%

Covid-19 India tally

India reported over 1.61 lakh new COVID-19 cases in the last 24 hours, according to the Union Health Ministry. The total number of cases have gone up to 1,36,89,453. The active number of cases stands at 12,64,698.

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