This Scheme Is Very Ideal For Salaried And Regular Income People. It Is Similar To Other Term Deposit Opened For A Fixed Period With Monthly Installments.
Who Can Open The Account : -
A Person In His Individual Capacity.
More Than One Person In Their Joint Names
A Minor Jointly With A Major
. A Minor Over The Age Of 10 Years Who Can Read And Write And Operate The Account Personally.(Maturity Value Should Not Exceed Rs.50000/- And With Maximum Monthly Installment Restricted To Rs.500/- 5.
Charitable And Educational Institutions (If They Do Not Conduct Business Of Commercial Nature)