The Central Bank of India introduces the Immune India Deposit scheme

The Central Bank of India introduces the Immune India Deposit scheme

Have you taken the Covid-19 vaccine? If yes, this new deposit scheme is for you only. However, the Central Bank of India has launched a special deposit scheme to protect against the coronavirus and encourage people to get vaccinated. 

The Central Bank of India has launched the Immune India Deposit Scheme to pay higher than usual interest on bank deposits made by inoculated persons. As part of this, the bank will offer an additional 25 basis points interest rate to vaccinated depositors. 

The Central Bank has revealed that senior citizens with a maturity of 1,111 days are eligible for additional interest of 50 bps on deposits made under the Immune India Deposit Scheme. The Central Bank tweeted that it has launched the Immune India Deposit Scheme to promote Covid vaccines.

India, which is ranked second in the world, has surpassed Brazil. Brazil recorded 13.45 million corona cases, while India's total rose to 13.53 million.