Senior Citizen Scheme
Senior citizens monthly income-deposit scheme
Kadamba is committed to providing our senior citizens with a steady and secure source of income during their post-retirement phase. The Senior Citizens Monthly Income Deposit Scheme (SCMIDS) is a specially designed savings scheme initiated in the year 2000, aimed at ensuring financial assistance and regular income flow for retired or senior individuals.
Eligibility Criteria
- Age: Customers must be above 60 years.
- Duration: The investment period is 5 years.
Key Features
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Highest Returns: SCMIDS offers the highest
returns among all available monthly income schemes across India.
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Minimum Deposit: Start with a minimum
deposit of Rs. 100,000. SMS Facility: Stay informed with regular updates via
SMS.
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SMS Facility: Stay informed with regular
updates via SMS.
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Fund Transfer: Convenient fund transfer
through MMA or NEFT/RTGS.
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Monthly Interest: Regular monthly
interest payments to the customer.
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Loan Facility: Members can avail loans up
to 90% of the deposit amount.
