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Coimbatore: At a time when deposit rates are tending to move southwards, the Kerala-headquartered South Indian Bank has introduced a product – ‘SIB : Eighty Plus’ at 11 per cent to the public and 11.25 per cent to senior citizens. The launch marks the commemoration of the bank’s 80th year of existence. The scheme is open only up to March 31, 2009. While there is no upper ceiling, the minimum deposit has been fixed at Rs 50,000. —Our Bureau

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