Federal Bank offers 10% interest rate on 1,000-day deposits
MDT/PTI 31 July 2012

The bank is opening its 1000th branch on 17th August and to celebrate the landmark is offering special interest rate of 10% deposits for 1,000 days

 
Mumbai: Kerala-based private sector lender Federal Bank is offering an interest rate of 10% for resident and non-resident deposits for 1,000 days' maturity, effective till 17th August, reports PTI.
 
The bank is to open its 1000th branch on 17th August and to celebrate the landmark, special interest rate is on offer, it said.
 
"Senior citizens will get an additional 0.50% interest over the new rate. NRIs will get tax-free return at a high yield of 10%. This gives investors an opportunity to earn high yield over the medium term of 1,000 days that comes built with complete safety," the bank said in a statement.
 
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