Vijaya Bank has launched a 500-day deposit scheme

[sajiv]

Vijaya Bank has launched a 500-day deposit scheme called 'V Utsav' to mark the beginning of the festival season. A Bank release here said on Tuesday, Aug 19, the scheme on offer from August 8 carrying an attractive interest rate of 9.75 % per annum (10.25% for senior citizens) was in addition to the upward revision made by the bank recently on deposits of select maturities.

The release also said annualised yield in the scheme works out to 10.11% (10.65% for senior citizens). The initial response to the new deposit scheme has been overwhelming and the offer would last upto October 31, 2008, the release added.