Question

Shubh Aarambh Deposit retail term deposit scheme for senior citizens has been launched providing the benefit of an additional interest rate of 0.50% for senior citizens and 0.65% for super senior citizens.Which bank has launched this scheme?

A Union Bank of India Correct Answer Incorrect Answer
B Canara Bank Correct Answer Incorrect Answer
C UCO Bank Correct Answer Incorrect Answer
D Bank of India Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Bank of India (BoI) has launched the “Shubh Arambh Deposit" retail term deposit scheme for senior citizens. With this special FD scheme, seniors, including super senior citizens aged 80 and above can take benefit of an additional interest rate of 0.50% for senior citizens and 0.65% for super senior citizens.

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