INDIA: Bank of India Launches 9% Interest Plan for Seniors

THIRUVANANTHAPURAM, Kerala (The Hindu-PTI), June 16, 2006: Bank of India has launched a new Long Term Deposit Scheme "Shatabdi scheme," as part of its centenary year celebrations, offering an interest of eight per cent per year. The scheme would offer nine per cent interest to senior citizens upto ten years, Bank Chairman & Managing Director M. Balachandran told reporters at a press conference here. Copyright © 2006 The Hindu