An ideal monthly income plan - Nothing provides greater comfort and peace of mind than a guaranteed, regular income. This is particularly true of the aged and the pensioners who desire a monthly income through periodical investment of their accumulated savings. This periodical income can be utilised in several ways like gifting a part to near and dear ones, donating to noble causes etc.
Our Social Security Deposit is ideally designed to meet such needs. All you need to do is to invest a lumpsum amount for a fixed period that provides regular monthly interest for meeting various commitments during the period of the deposit.
Salient features of the scheme are:
- Minimum amount of deposit is Rs.1000/-
- Deposits accepted from 1 year to 10 years in completed quarters.
- Option to earn interest either at discounted rates at the end of every calendar month or on quarterly basis during the period of the deposit.
- Loan available upto 95% of the deposit amount depending on the length of the unexpired period of the deposit.
- Senior Citizens & Staff will be eligible for additional Rate of interest as per applicable norms.
- Nomination facility available.
- Rate of interest are as fixed by the Bank from time to time.