Citizens Bank launches new Fixed Deposit scheme

Citizens Bank International Limited has brought into effect its latest Fixed Deposit Scheme (Structured Fixed Deposit). Issuing a press statement published today, it stated that, this product has been launched targeting the individual depositors. The depositors can open their accounts at Citizens Bank with minimum deposit of Rs. 1 lakh which would yield them interest at a rate of 9.5% p.a. The deposit scheme becomes mature between the period of 8 to 18 months. The bank has informed that the quarterly interest would be provided to the depositors. The customers can avail this new deposit product from all 67 branch offices of the bank that spread in all 14 zones of the country.