| Target Group |
A Person who has completed the age of 60 years. Senior citizen can open jointly with other persons, in that case the name of the senior citizen should appear as the first named depositor.
|
| Document for age proof (any one) |
SSLC indicating date of birth/LIC Policy/Voter's ID/Pension payment order/Birth Certificate/Passport/Any other relevant document
|
| Type of account |
- Short Term deposit, Fixed deposit and Reinvestment Plan with a minimum balance of Rs.1000/- for the period of 15 days
|
| Rate of Interest (w.e.f 15.07.2008) |
- Special Deposit Schemes for Senior Citizens (Short Term
Deposits, Fixed Deposit and Re-investment Plan Deposit Scheme)
- Additional rate of interest of 0.50% p.a is payable for
15 days to 10 years, over the card rate only (not
applicable to preferential deposits).
|
| Value additions |
- At par transfer of funds to the extent of interest earned per month or Rs.5000/- per month whichever is higher.
- At par collection of Pension bills/cheques as applicable for pensioners.
- If the senior citizen maintains a minimum balance of Rs.2000/- in his Savings Bank account, an ATM card will be provided wherever applicable.
|
 |
