NEW DELHI: To mark its 80th anniversary, the South Indian Bank has introduced a new fixed deposit scheme – 80 Plus - offering 11 per cent interest (11.25 per cent for senior citizens) on deposits for 39 months with a minimum investment of Rs.50,000.

Each depositor will also get a free personal accident insurance cover of Rs.1 lakh. The scheme would be launched on January 20 in Delhi, said the bank.

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