| PENSION PLAN |
| Eligibility |
Individual, Joint (not more than 4), a Guardian on behalf of a minor, HUF, Partnership firm, a Company, Association or any other Institution |
| Investment |
`.500/- per month and multiple of `. 100/- |
| Period of Deposit |
• Minimum 5 Years
• Maximum 20 Years |
| Interest Rate |
Depending upon the period of the deposit as prevailing from time to time. |
| Rate for Senior Citizen |
Additional as specified uniformly across all maturities, |
| Nomination Facility |
Available |
| Loan Facility |
Available up to 50% of Deposit Amount |
| Penalty for Premature Closure/Payment |
After depositing up to stipulated time period ,
• You can receive maturity payment.
• After payment of maturity amount, no pension will be paid. |
| Application & Documents |
• Application Form,
• Form 60 or 61 (if customer does not have PAN Card)
• Photograph of depositor/s (2 copies),
• Proof of address as per Norms
• Any other related documents as applicable to proprietor ship concern, Partnership Firm, Company, HUF etc |
|
| Time Period |
Monthly Installments |
Total Amount |
Payment Of Interest Before Maturity |
Maturity Amount |
Full Pension After Completion Of Time (Per month) |
| 5 years |
500 Rupees |
30,000 Rupees |
11.00% |
40,016 Rupees |
412 Rupees |
| 8 years |
500 Rupees |
48,000 Rupees |
11.25% |
77,650 Rupees |
800 Rupees |
| 12 years |
500 Rupees |
72,000 Rupees |
11.50% |
1,54,103 Rupees |
1,588 Rupees |
| 15 years |
500 Rupees |
90,000 Rupees |
11.75% |
2,43,690 Rupees |
2,512 Rupees |
| 20 years |
500 Rupees |
1,20,000 Rupees |
12.00% |
4,91,653 Rupees |
5,068 Rupees |
|
