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Our Bureau

Coimbatore, June 9

The Kumbakonam-headquartered City Union Bank plans to introduce yet another deposit scheme - `CUB 500', effective June 11. The bank has decided to offer interest at 10.75 per cent for general category and 25 basis points higher for senior citizens, who park their funds under this scheme. Depositors have to invest a minimum of Rs 10,000 under this scheme. The upper limit is Rs 2 crore. The bank is expecting to garner Rs 2,000 crore through this product.

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