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IOB launches Gold RD scheme

CHENNAI: Indian Overseas Bank on Friday launched Gold Recurring Deposit scheme. According to a release, maturity payment of the Gold RD scheme will be given in the form of gold coins as a value addition. A concession at the rate of Rs. 25 a gram of gold coin will be given to customers of this product. Another feature is that customers are insured under personal accident insurance scheme for Rs. 1 lakh. — Corporate Reporter

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