Addressing presspersons here on Thursday, deputy general manager and head of Bangalore region of the bank Thomas Joseph K said SIB Eighty Plus offered its customers 11 per cent fixed deposit interest rate per annum for 39 months on a minimum deposit of Rs 50,000. As an additional benefit, the depositors would be provided with a free personal accident death insurance cover up to Rs. 1 lakh.
The scheme would offer 11.25 per cent interest to senior citizens.
“The depositor on maturity of a deposit of Rs. 50,000 would get Rs 71,143, while a senior citizen will receive Rs 71,707,” he said. The deposit for domestic and non-resident ordinary accounts would be accepted till March 31, 2009, he added.
The bank will be celebrating its 80th year of existence with a function in Bangalore on January 24.
The Regional Director, Reserve Bank of India, will inaugurate the celebrations while chairman of the bank G.A. Shenoi will preside over the function. Mr. Thomas said the will complete 50 years of service to Karnataka on June 29, 2009.
The bank has got a CBS branch network of 31 branches and 11 ATM centres in Karnataka. I
n Bangalore, the bank has opened five branches during this fiscal and has plans to open another five branches, he added.
Source:thehindu.com
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