VAIBHAV SENIOR CITIZEN RECURRING DEPOSIT SCHEMES A house is made a home with the presence of our elders. Looking at the current situation of the society, people are more inclined towards separating them in the later stages of life when they don’t even have the back support of money. To cater this problem majorly for senior citizens, we, at Vaibhav Nidhi have introduced an exclusive plan called Vaibhav Senior Citizen Savings scheme which is a term deposit plan for senior citizens to cater all their needs in their “golden” sphere of life.

The scheme is divided into two sub categories:

Vaibhav Senior Citizen Recurring Deposit and Vaibhav Senior Citizen Fixed Deposit schemes so that even the grannies living up on the pensions can savor the use of the scheme; holding a big deposit as well as the small investments.

Get ₹65000 in 50 Months on deposit of ₹1000 per month.

(On deposit of ₹ 10000)
Period Rate of Interest Maturity Amount
06 Months 10% 10,506/-
12 Months 11.50% 11,200/-
24 Months 11.75% 12,606/-
36 Months 12% 14,257/-
48 Months 12.25% 16,203/-
60 Months 12.50% 18,504/-
Get ₹65000 in 50 Months on deposit of ₹1000 per month.
Senior Citizen Recurring Deposit Scheme
On Deposit of Rs. 1000/-
Period Rate of Interest Maturity Amount
12 months 11.50% 12,767/-
24 Months 11.50% 27,066/-
36 Months 12% 43,425/-
48 Months 12% 61,676/-
60 Months 12.50% 83,339/-
• Minimum amount for Senior Citizen Recurring Deposit Scheme should be Rs./- 1000.

Eligibility

    • Deposits may be made by person(s)/ individual(s) with the age bracket of 55 and above.
    • A person with the above age bracket who has retired on superannuation or under VRS can also avail the scheme.

Premature Payments

On prematurity request by the depositor after three months of enrolling into the Senior Citizen Schemes in Jaipur, the depositor shall not be entitled to any interest up to a period of six months from the date of deposit. The interest payable for the remaining period after six months of Senior Citizen Plans in India, shall be payable by the ordinarily agreed/applicable rate of interest (i.e. rate of interest payable, which the Company would have ordinarily paid, had the deposit been accepted for the period from which Senior Citizen services had run) reduced by two percent (2%).