NEWS & ADVICE : FIXED DEPOSITS
New FD scheme by Catholic Syrian Bank
By Neelima Shankar
Nov 29, 2011
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Private sector lender Catholic Syrian Bank has announced a new fixed deposit scheme for its customers. Christened as 'Interesting@91', the scheme has been launched to mark the occasion of the 91st foundation day of the south based lender.

The scheme would offer 8.5% interest to the customer for a tenor of 91 days, while the 991 days and 91 month deposits would attract interest of 10.25% and 10% respectively to the depositor. These latter two slabs would offer 50bps additional interest to senior citizens.

The scheme however is available only till December 31, 2011.

At the same time, the lender has also announced a raise in interest rates of its NRE and FCNR deposits.

Interest rates of NRE deposits will be 3.69% for a tenor of 12 months to less than 24 months. For FCNR deposits in terms of USD, the interest would be 2.62% for a tenor of 60 months.


 


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