On 17th of August 2012, Federal Bank will
dedicate its 1000th Branch
to the nation. In order to symbolize this milestone event in the growth history
of the bank, the Bank has decided to give a special interest rate of 10% for resident & non resident
deposits of 1000 days’ maturity
as a goodwill gesture. This
exclusive benefit will be available to the deposits opened during the limited
period from July 30 till August 17, 2012. Senior Citizens will get
an additional 0.50% interest over this 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 1000 days that comes
built with complete safety.
About Federal Bank:
Federal Bank is a
leading Private Sector Bank with a branch network of 999 branches and 1,050
ATMs spread across the country. The Bank had total business of Rs. 86,693 crore
as at March 31, 2012. It has Net Worth of Rs. 5,706 crore as at the end of
fiscal 2011-12. It recorded net profit of Rs. 776.79 crore during the last
financial year
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