The Pension Payable Fixed Deposit scheme offers a monthly pension to the depositor. Interest on fixed deposits under this scheme will be payable at monthly basis. The amount required to be invested will depend on the pension income wants to opt for. The pension payment will start after a month from the date of investment. In case of emergency, a senior citizen can take a loan against these fixed deposit. A fixed deposit investment under this special scheme can be made for a minimum of one years and a maximum of 10 years.
|Deposit Amount||Senior Citizens||Period||Monthly Pension|
(plus deposit amount on maturity)