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Pension Product

Rules And Regulation

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Rules and Regulations:

  1. Earliest starting age is 18 years old;

  2. Maturity age is 60 years;

  3. Deposits for minimum 10 years, under any scheme;

  4. Withdrawal  before 10 years is allowed but the interest rate is decreased on 1% per time;

  5. Close the account is allowed after 10 years;

  6. By the time of opening the account, the client presents a nomination for the case of depth;

  7. Interest rate regulation is per RBI rules;

  8. Account can be single or joined (2 clients), at the time of closing will be considered the information given in the beginning of the account ;Joint name are allowed to access the account;

  9. Necessary documents are  :-  Residence prove, Photo and   initial  amount (under the scheme) the options for saving deposits are(Rs.30, Rs.50, Rs.100, Rs.200, Rs.250, Rs.300, Rs.500); 

  10. If the deposit installments are not done with in 3 months, the penalty will be decided by the board of director at that time. If the amount by the time of maturity exceed Rs.20,000, the payment will be done with cheque;

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