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Bank centenary scheme

Special Correspondent

KOZHIKODE : Coinciding with its centenary celebrations, Indian Bank has launched Ind Double -Tax Saver scheme that promises to double the deposit in 100 months.

V.M. Unnikrishnan, senior manager, Indian Bank, said the scheme also brought tax exemption under the provisions of the Income Tax Act. It would be open to the public till December 31. Under the scheme a deposit of Rs.1 lakh would swell to Rs. 2 lakh in 100 months at an interest rate of 8.42 per cent.

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