This article offers a brief summary of the key aspects of the JK Bank’s Depositors Pension Scheme schemes. Since these details are subject to frequent updates, please refer to the bank’s official website for the most current information on features and interest rates.
JK Bank – Depositors Pension Scheme Features:
- Customers can deposit Rs. 25 or its multiples of Rs. 25, Rs. 50, or Rs. 100 each month.
- Phase I offers recurring deposits for 84, 105, or 111 months, compounded quarterly.
- Phase II allows monthly payouts akin to the Monthly Yield Deposit Scheme, based on customer choice, with a fixed interest rate.
- Phase II interest is calculated using simple interest and payouts occur monthly.
- While premature withdrawals are allowed, they do incur a penalty.
How to invest?
Click here to invest in the JK Bank’s Depositors Pension Scheme schemes.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank/institution.