Dream Retirement Plan
Features
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Benefits
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Terms & Conditions
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Apply Online
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• Savings Account • Special Savings Account • Life Plus Senior Citizen Services • Fixed Deposit • Security Deposits • Recurring Deposits • Tax-Saver Fixed Deposit • Young Stars • Child Education Plan
• Bank @ Campus • Salary Account • Advantage Woman Savings Account • EEFC Account • Resident Foreign Currency (Domestic) Account • Privilege Banking • No Frills Account •Outward Remittance • Freedom Savings Account • Family Banking • New Pension System
• Bank @ Campus • Salary Account • Advantage Woman Savings Account • EEFC Account • Resident Foreign Currency (Domestic) Account • Privilege Banking • No Frills Account •Outward Remittance • Freedom Savings Account • Family Banking • New Pension System
Dream Retirement Plan
Features
- Total tenure : Investment + Benefit phase: 10 years
- Investment phase:
- Minimum RD tenure: 3 year , and there after in multiples of 3 months.
- Min. RD amount: Rs. 2000 and in multiples of Rs. 100 thereafter.
- Benefit Phase:
- Option of quarterly / annual payout
- Min. tenure: 12 months
How does the Dream Retirement Plan work?
Example : 1
Monthly Installment (Rs) |
Investment Tenure |
Yield on maturity (Rs) |
Benefit phase |
Interest Rate |
Benefit amount (Rs) |
7000 |
5 yrs |
5,13,617 |
3 yrs |
7.75% |
1,99,222annually |
Example 2:
Monthly Installment (Rs) |
Investment Tenure |
Yield on maturity (Rs) |
Benefit phase |
Interest Rate |
Benefit amount (Rs) |
5000 |
7 yrs |
5,57,859 |
3 yrs |
7.75% |
52,549 quarterly |
The above mentioned examples are for illustration purpose only. Calculations are based on prevailing interest rate as on April 08, 2010 and are subject to changes without prior intimation. The benefit amount mentioned is an approximate value only and subject to taxes as applicable.
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