The age-old adage ‘health is wealth’ succinctly encapsulates a new offer rolled out by the state-run Central Bank of India.

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In a bid to encourage people towards getting inoculated against COVID-19, the public-sector bank has launched the ‘Immune India Deposit Scheme’, a special fixed deposit scheme offering an additional interest of 25 basis points (bps) (or 0.25 percent) above the applicable rates for those who take both the vaccine jabs. Senior citizens will be eligible for the extra interest of up to 0.5 percent.

According to an official release, the new scheme can be availed only for a limited period. It adds that the scheme has a maturity period of 1,111 days.

To encourage Vaccination under COVID 19, Central Bank of India launches Special Deposit Product “Immune India Deposit Scheme” for 1111 days at an attractive extra Interest rate of 25 basis points above the applicable card rate for Citizens who got Vaccinated.#Unite2FightCorona pic.twitter.com/MKEJaHgMpE

— Central Bank of India (@centralbank_in) April 12, 2021The public-sector bank has also been campaigning in support of following COVID-19 safety norms of social distancing and wearing face masks to contain the spread of the virus.

Stay safe from COVID -19 pic.twitter.com/f8Pbb9ERTP

— Central Bank of India (@centralbank_in) April 12, 2021

COVID -19.Reduce risk of infectionWear your mask properly pic.twitter.com/kCMWApSqPV

— Central Bank of India (@centralbank_in) April 10, 2021

Earlier, the lender had announced that they will reimburse the cost of vaccination incurred by their employees. The cost of inoculation of those who are dependent on the employees of the Central Bank of India will also be reimbursed, the bank had said.

The official release in this regard further stated that the offer was valid for the employees of the bank's branches pan India.

To support the Government initiative in fighting COVID 19 Pandemic, Top Management of Central Bank of India approved and extended the reimbursement cost of the COVID 19 Vaccine to all their Employees and dependents across Pan India. pic.twitter.com/ZwHO3jDMvI

— Central Bank of India (@centralbank_in) April 9, 2021

Besides the Central Bank of India, the State Bank of India (SBI) and the Canara Bank have also announced that they would reimburse the cost of vaccination — Rs 250 per dose per head — incurred by their employees who are above 45 years of age and their family members.

It is worth mentioning that the Union Ministry of Finance has recently requested the Union Home and Health Ministries to enable COVID-19 vaccination on a priority basis to all banking staff, irrespective of their age.