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?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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