Lakhpati Yojna

Highlights

  • Special kind of Recurring deposit.
  • Rate of Interest is 4% ,7% and 8% per annum.
  • Deposit can be made for four,seven and nine months.
  • A member can hold any number of Lakhpati accounts.
  • Lock in period is equivalent to the RD tenure.
  • Nomination facility available. Children can be nominee too.
  • In case of death of the depositor, Principal plus interest due will be paid to the nominee/ heir.