BOP Senior Citizen Term Deposit
This is a PLS Saving Bank deposit product available for all Senior Citizens i.e. persons of 55 years and above who are eligible to invest as per bank’s criteria. The term account can be opened singly or jointly (husband & wife) provided either of them is of 55 years or above.
Salient Features
This is a Fixed Deposit scheme
Minimum amount of investment is Rs.100,000/-
Maximum amount of investment is Rs.3,000,000/-
Product is available in 1 year tenure only
Best profit rate being offered in the market
Payment of profit is on monthly basis
Can avail finance as per bank’s policy in vogue