Shubh Arambh FD, this government bank launched Shubh Aarambh FD scheme, they will get 0.65% extra interest, full details

Senior citizens will get benefits

Bank of India has launched its “Shubh Aarambh Deposit” scheme keeping senior citizens in mind. This scheme is designed for very senior citizens of 80 years and above. In this scheme, an additional interest rate of 0.50% will be available for senior citizens and an additional interest rate of 0.65% for very senior citizens. This increased interest rates have been implemented in the bank with immediate effect.

Shubh Aarambh Deposit is offering a very high interest rate of 7.80% on 501 days FD to very senior citizens. The objective of this scheme is to provide a safe investment option. At the same time, an interest rate of 7.65% is being provided for senior citizens in the age group of 60 to 80 years.

getting great interest

Apart from this, Bank of India is offering great interest rates for FDs ranging from 7 days to 10 years. Deposits with a tenure of 7 days to 10 years will fetch an interest rate of up to 7.40% for very senior citizens and up to 6.75% for regular customers. These revised interest rates are applicable to Domestic, NRO and NRE deposits. For deposits of three years and above, there is an additional interest rate of 0.75% for senior citizens and 0.90% for very senior citizens over and above the normal interest rate.

Apart from this, customers can avail a loan of up to 90% of the outstanding amount of their FD. For more information in this regard, the nearest branch of Bank of India can be contacted. At the same time, information can also be obtained by visiting the official website of the bank.