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Our Correspondent

Madurai, Sept. 6

Pandyan Grama Bank (PGB) has introduced a new deposit scheme `PGB Double" that doubles in 102 months with a special offer of quarterly compounding interest rate of 8.25 per cent. Senior citizens are offered 0.50 per cent more with the deposits doubling in 96 months.

The bank which is observing September as Deposit Mobilisation Month, offers an interest rate of 8 per cent per annum for new term deposits of one year period and above. While senior citizens are offered 0.50 per cent more, higher rates are offered for deposits of Rs 15 lakhs and above depending upon the period and month, according to a PGB press release.

More Stories on : Fixed Deposits | Interest Rates | Regional Rural Banks

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