PSB Swasth Bharat Scheme

To give impetusto nationwide vaccination drive of the government and this product encourages the eligible customers to get themselves administered with Corona virus vaccine either partially or fully, Bank has introduced new Swasth Bharat Scheme to provide offer of additional rate of Interest on the term deposits of the customers.

Salient features of the Product:-

  • Eligibility to open the account:Any Indian Resident Individual (single/jointly/EorS) who have got at least one Dose of Anti-Covid 19 Vaccine. Verification of Vaccination will be done through Government issued certificate.
  • Tenure of Deposit: Fixed deposits can be made for a period of above2 to <3 years only.
  • Amount of Fixed Deposit:  Account can be opened with a minimum amount of Rs.  1000/ - (Rupee One thousand only) and maximum less than Two crore.
  • Rate of interest: The rate of interest shall be 15 basis point higher than the applicable extant rate of with quarterly compounding. *Senior Citizen/Staffs/Ex-staffs shall be given the benefit of additional rate of interest as applicable to them. The Rate of Interest will be subject to revision as per HO RMD Deptt from time to time.
  • This scheme is Valid upto 31.12.2021

 

* Nomination facility is available on all deposit accounts opened by individuals. Nomination is also available to a sole proprietary concern account. Nomination can be made in favour of one individual only. Nomination so made can be cancelled or changed by all the account holder(s) any time.

Please contact your base branch for any assistance and support.

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