StanChart to offer 8% on 188-day FDs

StanChart to offer 8% on 188-day FDs

BS Reporter / Mumbai October 23, 2006

Standard Chartered Bank, the largest foreign bank in India, today said it is offering 8% interest on 188-day fixed deposits, which are linked to savings accounts."

The offer, open till December 31, provides customers to get the returns of a fixed deposit and the flexbility of a savings account. This account provides the customer the flexibility of withdrawing money from the savings account or the fixed deposit using a cheque book or an ATM/debit card.

The minimum value for the term deposit is Rs 1 lakh and an initial cheque of Rs 10,000 is required to fund the linked savings account.

Rajesh Saluja, business head