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    IIDS

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    Robot AI
    The document describes the "Immune India Deposit Scheme", a new term deposit scheme launched on April 13, 2021 for existing customers who have received at least one dose of the COVID-19 vaccine. Key features include a 5.35% interest rate for deposits between Rs. 1,000 to Rs. 2 crores for a fixed 1111 day period. Proof of vaccination must be provided, and the scheme is available until December 31, 2021 to encourage vaccination and promote public health.

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    IIDS

    Uploaded by

    Robot AI
    19 views1 page
    The document describes the "Immune India Deposit Scheme", a new term deposit scheme launched on April 13, 2021 for existing customers who have received at least one dose of the COVID-19 vaccine. Key features include a 5.35% interest rate for deposits between Rs. 1,000 to Rs. 2 crores for a fixed 1111 day period. Proof of vaccination must be provided, and the scheme is available until December 31, 2021 to encourage vaccination and promote public health.

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    The document describes the "Immune India Deposit Scheme", a new term deposit scheme launched on April 13, 2021 for existing customers who have received at least one dose of the COVID-19 vaccine. Key features include a 5.35% interest rate for deposits between Rs. 1,000 to Rs. 2 crores for a fixed 1111 day period. Proof of vaccination must be provided, and the scheme is available until December 31, 2021 to encourage vaccination and promote public health.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    19 views1 page

    IIDS

    Uploaded by

    Robot AI
    The document describes the "Immune India Deposit Scheme", a new term deposit scheme launched on April 13, 2021 for existing customers who have received at least one dose of the COVID-19 vaccine. Key features include a 5.35% interest rate for deposits between Rs. 1,000 to Rs. 2 crores for a fixed 1111 day period. Proof of vaccination must be provided, and the scheme is available until December 31, 2021 to encourage vaccination and promote public health.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Immune India Deposit Scheme.

    A new Term Deposit Scheme named “Immune India Deposit Scheme” is launched from
    13.04.2021. Any existing customer who has been administered at least one jab of COVID-19
    vaccine and is able to provide any proof of it, will be eligible to deposit in the scheme.

    The features of the scheme are as under:


    Name of the Product Immune India Deposit Scheme
    Type of Deposit Term deposit in nature with an option of interest payment at
    Monthly, Quarterly, Half Yearly or cumulative type. The Scheme
    will be available in MIDR, QIDR, MMDC, FDR for General Public,
    Senior Citizens, Staff, Ex Staff and senior Citizen Ex Staff.
    Period of Deposit The Deposit will be accepted for a fixed period of 1111Days. No
    deposit will be accepted under the scheme for a longer or
    shorter period.
    Deposit Amount Minimum ₹1000 and Maximum₹ 2crores.

    Rate of Interest The Rate of Interest under the scheme will be 5.35% (subject to
    change). It will be ensured that ROI for this Scheme will remain
    higher as compared to ROI of adjoining Time Brackets.
    Additional interest for Senior Citizens and Staff, Ex -Staff as per
    norms.
    Premature Withdrawal Premature withdrawal is allowed and applicable rate of interest
    for the period of deposit will be paid, subject to prevailing rules
    on premature withdrawal.
    Scheme End date The Scheme is for limited period and up to 31.12.2021.

    Operational Guidelines. Branch will ensure that customer provides any satisfactory
    proof of getting administered a jab of any COVID-19 vaccine.
    Branch will note down reference ID of Vaccination or keep in
    record hard copy of certificate to this effect.
    Eligible customers can also get the Deposit Receipt issued under
    this scheme online by applying on digital platforms and giving
    reference ID of COVID-19 vaccination.
    Other features It will be a Term Deposit and OD facility against this deposit,
    Nomination Facility, Joint Account facility (In case First person
    fulfills the conditions of the Scheme)are permissible as in the
    case of other Term Deposit Schemes.
    Publicity Artwork is being provided for the scheme and Controlling
    Offices will ensure that Branches display banners of the
    “Immune India Deposit Scheme” in the premises to popularize
    the scheme.

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