South Indian Bank announces new deposit schemes

South Indian Bank has opened its 700th branch in Thiruvananthapuram.

The bank, which has achieved total business of Rs 63,000 crore, also announced the launch of special deposit schemes to mark the occasion.

The schemes, SIB 700 and SIB 700 Plus, are for amounts ranging from Rs 1,000 to Rs 1 crore, Dr Joseph said.

The products that come with a free insurance cover of Rs 1 lakh and attractive interest offers will be available for a limited period effective from April 1, Dr Joseph said.

The bank brought together 10 septuagenarian men and women with lead credentials in art, letter, and culture to mark the opening of the branch.

They included writer and lyricist Kavalam Narayana Panicker; actor Madhu; poet and social activist Sugathakumari; historian Dr K. N. Panicker; singer K. P. Udayabhanu; sculpturist Kanayi Kunjuraman; human rights activist D. Sreedevi; lyricist Bichu Thirumala; retired civil servant Dr Babu Paul; and litterateur Dr George Onakkoor.

vinson@thehindu.co.in