Kuber Yojna is a kind of long-term Fixed Deposit scheme. By the way of reinvestment interest is compounded quarterly. Therefore, at the due time of maturity it generates a large sum of money. It qualifies as a safe long-term investment.
Interest Rates = 5.40 %
Features
| Minimum Amount | The minimum amount of deposit is Rs 1000 |
| Minimum Period | The minimum period of deposit is 6 months. |
| Maximum Period | The maximum period of deposit is 120 months. |
| Interest Compounded | The interest is compounded on a quarterly basis. |
| Additional Features | The total amount of the interest on the deposit balance is paid in a whole at the time of maturity. |
| Special benefits for Senior Citizen/ Staff / Ex – Staff / Senior Citizen & Ex – Staff | Senior Citizen/ Staff / Ex – Staff / Senior Citizen & Ex – Staff shall be allowed additional interest as per the existing norms.
The overall ceiling in amount for Ex – staff / Ex staff senior citizen for being eligible for higher rate under the scheme shall be equal to the terminal benefits plus Rs 10 Lakh as usual.
Accordingly, the applicable rates for these special categories would be as under:
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