It shall be very fascinating for you to know that if you have gotten the primary dose of the COVID-19 vaccine, then you are eligible to get higher interest rates on Bank Fixed Deposits (FDs). A number of state-owned banks have introduced that they’re offering higher FD interest rates for many who have been vaccinated in opposition to COVID-19.
UCO Bank FD Rate
Kolkata-based UCO Bank has knowledgeable its clients that it’s giving 30 foundation factors (bps) higher fee of interest on the financial institution’s Fixed Deposits. It is simply for many who have taken their COVID-19 vaccination. But there’s a catch. The tenure for this UCO Bank FD is 999 days.
It principally implies that those that took their COVID-19 vaccination dose, then they may obtain higher interest rates on the UCO Bank FD for 999 days. Even if somebody has taken solely the primary dose, he/she shall be eligible to avail of the higher interest rates on the FD.
A UCO Bank official informed PTI that the choice was taken to exhort vaccination drives and it’ll encourage extra folks to obtain the COVID-19 vaccine, the official stated.
The UCO Bank FD is named UCOVAXI-999 and the supply is proscribed to September 30.
Central Bank of India FD Rate
Similarly, the Central Bank of India additionally unveiled a particular Immune India Deposit Scheme which principally affords a higher interest fee of 25 foundation factors. This extra interest fee shall be relevant for individuals who have acquired the COVID-19 vaccine.
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