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Home >> Deposit Schemes >> Varishtha Samman
Varishtha Samman

VARISHTHA SAMMAN DEPOSIT SCHEME

 

  • Varishtha Samman Deposit Scheme was launched on 05.04.2011 for future Senior Citizens in the age group of more than 50 Years and below 60 years of age. It is a unique deposit scheme pioneered by our Bank.
  • On the date of completion of 60 years of age, the deposit will automatically start earning additional rate of interest @0.50% over and above the contracted ROI without inviting a request from the customer.
  • The minimum period of deposit under the scheme is 3 years.
  • For latest rate of interest click here (home>>Interest rate on deposit)

 

Slab

Period

 

For General Public

For Staff & Ex- staff

Less

than Rs. 1 crore

03 Years to

 

Less  than  5

Years

At the time of Deposit

As per applicable rate of interest on the date of issuance

As per applicable rate of interest on the date of issuance plus 1% (staff rate)

On attaining the age of 60 Years

 

As per applicable rate of interest on the date of issuance plus 0.50% (Senior citizen rate)

As per applicable rate of interest on the date of issuance plus

0.50% (Senior citizen rate) plus 1% (staff rate)

Less than

Rs. 1 crore

05 Years to

10 Years

At the time of

Deposit

As per applicable rate of interest on the date of issuance

As per applicable rate of interest on the date of issuance plus 1% (staff rate)

On attaining the age of 60 Years

As per applicable rate of interest on the date of issuance plus 0.50% (Senior citizen rate)

As per applicable rate of interest on the date of issuance plus 0.50% (Senior citizen rate) plus 1% (staff rate)

 

  • All other terms and conditions shall remain unchanged.
  • Additional ROI payable to Senior Citizen as will be applicable on the date of attaining 60 years of age.