The Sanmitra Balsamrudhi Yojana is a deposit scheme offered by Sanmitra Sahakari Bank Ltd. The name of the scheme, "Bal Samruddhi Yojana," translates to "Child Prosperity Scheme," suggesting it is designed for the future financial needs of children.
Key Features :
- Objective: The primary goal of this scheme is likely to help parents and guardians save and build a corpus for their child's future, such as for education or other major life events.
- Target Beneficiary: The scheme is intended for children.
- Product Type: It is a deposit scheme, which typically functions as either a recurring deposit (RD) or a fixed deposit (FD), where regular or lump-sum investments are made to grow over a period of time.
- Account Opening: The account can be opened in the name of a minor, with a parent or legal guardian operating it on their behalf.
- Interest Rate - Click Here
Important Note: While the scheme is listed on the bank's website under "Deposit Schemes," specific details regarding its interest rate, minimum deposit amount, tenure, and other terms and conditions are not publicly available online. To get complete and accurate information about the Sanmitra Balsamrudhi Yojana, it is recommended to:
