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Earliest starting age is
18 years old;
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Maturity age is 60 years;
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Deposits
for minimum 10 years, under any scheme;
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Withdrawal
before 10 years is allowed but the interest rate is decreased on 1%
per time;
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Close the account
is allowed after 10 years;
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By
the time of opening the account, the client presents a nomination
for the case of depth;
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Interest
rate regulation is per RBI rules;
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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;
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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);
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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;