- June 3, 2023
- Posted by: admin
- Categories:
In order to be competitive in the market and to attract/offer something new to many pensioners (retired from Indian/British Army, Assam Rifles, Nepal Army, Nepal Police, Armed Police Force, Teachers etc) who are receiving pensions on monthly/quarterly basis with some kind of better facilities than from the institutions from where they are receiving pensions, we are launching the deposit scheme; the salient features of which have been furnished below:
a. Scheme:
It is one of the various products under saving deposits, under which depositors will have flexibility of withdrawing the amount from the account at any time during the bank’s operation.
b. Minimum Balance Required:
Account can be opened at minimum balance of Rs. 100.00. Check book shall be provided at customer’s request. Other ancillary services like ATM/Mobile Banking may also be provided for the scheme.
c. Interest rate and payment frequency:
For Interest rate click here. Interest is payable quarterly as on end of Ashwin, Poush, Chaitra & Ashad.
d. Eligibility:
Any individuals retired from regular service & receiving pension. Account can be opened singly or jointly with two or more persons of his family members with clause upon submission of his retirement/pension document.
e. Target Group:
Retired employees who wish to have better return on his lump sum or recurring deposit like retired individuals from British Army, Indian Army, Assam Rifles, Indian Government Offices like Indian Coal, Indian Food, Indian Oil Corporations, Nepal Army, Nepal Policy, Armed Police Force, Civil Service, Teaching/Medical profession etc are the target group.
f. Other benefits under the scheme:
– Higher return at lower minimum balance.
– Separate counter for senior citizens at Main Branch.
– Ancillary Services like ATM Debit Card/ Mobile Banking can be get against the account.
– Free Checkbook upon request.