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Safe & sure way to get a regular monthly income. |
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Specially suited for retired employees/ Senior Citizens or any one with high sum for investment. |
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Rate of interest 8.50%. |
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Maturity Period - Five Years. |
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No Bonus on Maturity w.e.f. 01.12.2011. |
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Auto credit facility to SB Account. |
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Type of Account
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Minimum limit
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Maximum limit
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Single
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INR 1500/- |
INR 4.5 lakhs |
Joint
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INR 1500/-
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INR 9 lakhs
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Above scheme operates automatically, if you open a saving bank account and give a request for automatic transfer of Monthly Income Scheme interest to Recurring Deposit through Saving Bank account. |
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