Under this "Pradhan Mantri Suraksha Bandhan Yojana", people can gift social security schemes to there loved ones. The receiver of this gift card have to visit there bank (if account is already opened) or open a zero balance account and deposit this gift card.
Tag Archive: investment schemes in india
Senior Citizen Savings Scheme is a Government Product which offer higher interest rate. The scheme was launched in Year 2004 for the benefit of senior citizens of India. The Tenure of the Senior Citizen Savings Scheme is 5 years from the date of opening of the account. On maturity the amount in the Senior Citizen Savings Scheme can be withdrawn by submitting Application Form E.However the deposit scheme can be extended by 3 years, after submitting the Form B within 1 year from the date of the maturity.
The Finance Minister re-introduced The Kisan Vikas Patra (KVP) in the budget 2014. The scheme launched in November 2014 by Finance Minister in presence of Minister of Communication & IT. The Kisan Vikas Patra (KVP) Re-Introduced to encourage savings among small investors.