| KANYADAAN PLAN |
| Eligibility |
Individual (Minor) |
| Period of Deposit |
• Minimum 0 Years
• Maxmium14 Years |
| Investment |
As per Installment Payment Chart
• Minimum `510 and its Multiple ` 510 for 0 month
• Maximum `4760 and its Multiple `4760 for 14 years |
| Maturity |
`4,50,000/= and its Multiple of `4,50,000/= |
| Nomination |
Available |
| Premature Closure |
No Premature payment will be given |
| Application & Documents |
• Application Form,
• Form 60 or 61 (if Minor Guardian does not have PAN Card);
• Photograph of depositor/s (2 copies) and Minor Guardian,
• Proof of address and other detail as per KYC Norms;
• Any Other document required by Society |
| Terms & Conditions |
• Entry age from 0 to 14 years.
• Policy benefit will be given after the completion of 20 years of candidate
• Scheme holder has to deposit monthly installment till he/she attains the age of 20 years.
• Benefit will be directly credited to the a/c of the scheme holder.
• In the event of scheme holder dyeing-intestate, benefit will be paid to the legal spouse of the holder
• These benefits will go to the holder only if installment has been paid regularly without any break
Installment deposited is non refundable at any circumstances
• The benefits will be given to account holder before three months of marriage date
• After Maturity society will provide Savings account Interest on deposited amount till marriage conclude( for Example as policy matures at the age of 20 and the marriage took place after 5 years at the age of 25 than society will pay the matured amount at the age of 25 and the excess period during which the society has kept the matured money
20-25=5 years for that period ie,5 year society will pay savings rate of interest on matured amount.) |
| Extra Benefit |
Account holder will get Attractive Gift from the Society on marriage |
