Federal Bank has decided to offer a special rate of 10 per cent for resident and non-resident deposits of 1,000 days’ maturity. The offer is for a limited period only — between July 30 and August 17. The decision marks a milestone in the bank’s growth history as it moves to dedicate its 1000th branch to the nation on August 17. A bank release says that senior citizens will get an additional interest of 0.50 percentage points over this rate, and NRIs a tax-free yield of 10 per cent.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.