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SAMRIDDHI SENIOR CITIZEN BOND (SSC)

Particular Terms Benefit
Period 60 months Accidental death Insurance coverage of Rs. 100000
Minimum deposit Rs. 2500/- and further multiple of Rs. 2500/-
Frequency of transaction One time deposit/multiple loan facility
Interest payable 14%
Lock-in Period 36 months
Premature payment After 36 months
Loan facility After 15 days
Maturity / Withdrawal 61st Month
SENIOR CITIZEN BOND (SSC)
Terms & Conditions:
  • This scheme is only for Senior Citizen members Only.
  • Pre-mature payment facility is available subject to minimum lock-in period.
  • Pre-maturity will attract deduction @ 3.0 % on applicable rate of deposit.
  • The maturity amount will be transferred to Saving Account.
  • No interest is payable after maturity of Deposit.
Note:

Loan facility is available on deposit.

Loan can be availed upto 70% of deposit value (Principal plus interest credited till date).