Date:04/10/2008 URL: http://www.thehindu.com/2008/10/04/stories/2008100460552000.htm

Business - Briefly

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