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bank of india monthly income scheme |
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Re: bank of india monthly income scheme
Moneys invested into this sort of deposit (Quarterly/Monthly Income Certificate) give settled month to month pay by method for enthusiasm to the investor for a predetermined period leaving the store sum in place. The Quarterly/month to month intrigue will be credited to the investment funds or current record and month to month premium might be credited in repeating store record of the investor as per the guidelines. KYC (Know Your Customer) for opening record is material for these records additionally thus confirmation of living arrangement and verification of ID will be required alongside late photo of the investor/s Types of Accounts The accounts may be opened in the names of : Individual — Single Accounts Two or more individuals — Joint Accounts Sole Proprietory Concerns Partnership Firms Illiterate Persons Blind Persons Minors Limited Companies Associations, Clubs, Societies, etc. Trusts Joint Hindu Families (accounts of non-trading nature only) Municipalities Government and Quasi-Government Bodies Panchayats Religious Institutions Educational Institutions (including Universities) Charitable Institutions Amount to be Invested Least sum that might be acknowledged for the plan should be Rs.10,000/ - in Metro and Urban Branches and Rs.5000/ - at Rural and Semi urban Branches for senior subjects the base sum will be Rs 5000/ - Least Amount criteria won't be material to Subsidy kept under GOVT Sponsored Schemes, Margin Money, sincere cash and court connected/requested stores |
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