PNB Senior Citizen Plan:

Personal loan scheme for pensioners-

PNB has introduced special loan schemes for senior citizens with low interest rates such as personal loan scheme for 'pensioners' to meet immediate requirement such as Medical Expenses. The scheme helps in realizing the vision of serving people for a better quality of life. A few other Attractions for SINIOR CITIZENS

0.5%Higher of Interest on Term Deposits.

Free Remittance of Retirement Dues to any branch of PNB at a place to which the Senior Citizen hails or plan to settle down after retirement.

Free Collection of retirement  dues in respect of Retired Govt./Public/private sector employees.

Free collection of Cheques*

50% Concession on all types of remittance*

Immediate credit of outstation cheques upto. 15,000/-

Free discount/ collection of pension bill /cheques of pensioner retired from Central/ State Govt. and Armed forces.

Free Retirement, Free Cheques Book and  Collection/ Discount of pension Bill /Cheques for freedom fighter, their widows /widowers.

New Attractive Pass Book Containing  facilities available to Senior Citizens .

Free Nomination facilities. *Condition apply

SBI PLAN FOR SENIOR CITIZEN

Purpose-To provide a deposit Scheme with Differential rate to senior citizens.

Eligibility:  Applicant senior citizens i,e. resident with age of 60 year or above on the date of  acceptance of deposit availability at  all branch accepting ' personal segment'   deposit.

Type of Deposit- Term deposit/Special term deposit

Tenure of deposit: 1year and above

Minimum amount:  Rs. 10000 and thereafter in multiples  of Rs.1000

Payment of interest-At the time of maturity  or at quarterly intervals or monthly interval  (at discount rate), as specified by the depositor.

Premature withdrawal permitted subject  to 1 if the term deposit, having tenure of less than 3 years, is withdrawn before the expiry of contract period  then interest  will be paid at the rate applicable to normal term deposit  of the bank for period actually run.

If the deposit is withdrawn after 3 years  then the interest will be paid at contracted rate less o.50%.

Canara Bank's Ashrya Deposite Plan For Senior Citizen

Eligibility: Individuals, who have completed the age of 60 years and above, in single or joint names.

Joint Account: Account can be opened jointly with other senior citizens or with other persons below the age 60 subject  to the condition that the senior citizen is no.1depositer….

Proof of age- At time of new deposit account, a certified  copy of any of the following document may be produced.

*Secondary school leaving certificate indicating the date of birth.

*LIC policy

*Voter identity card

*Pension payment order

*Birth certificate issued by authority

*Passport

*Any other document accepted to the Bank

High Returns: Attractive rate of interest; o.75% above the base rate as applicable from time to time.

Eligible Account- Domestic fixed Deposit and Kamdhenu Deposits.

How much you can invest?  Minimum Rs.1000/-

Maximum- No-ceiling-

Period of Deposit- 15 days to 120 months

Easy liquidity- Loan against deposit permitted

Nomination facility available-These facilities are available for fresh deposit and renewals scheme available at all branche

Source : http://www.oldagecare.nic.in/schemes.htm