Postal Schemes, Brand Pitney Bowes

Monthly income scheme mis safe & sure way to acquire a regular monthly income. Specially suited for retired employees/ senior citizens or any one with high sum for investment . Rate of interest 8. 5% maturity period, Five years. No bonus on maturity w. E. F. 01. 12. 2011 . Auto credit facility to sb account. Type of account minimum limit maximum limitsingle inr 1500/, Inr 4. 5 lakhsjoint inr 1500/, Inr 9 lakhs recurring deposit any individual a single adult or two adults jointly can open an account. Advance deposits earn rebate. Four defaults are allowed. Rate of interest 8. 40% defaults can be paid within two months. Part withdrawal facility available. Premature closure allowed after three years. Pay roll savings scheme acts as available for employees of various establishments. Type of account minimum deposit maximum depositindividual account inr. 10/, And available in several counts of inr. 5/, Thereafter no limit.