Latest News
-
Trade Setup: Mixed Results From HDFC Bank, RIL Stall Nifty Momentum; Global Economic Data In Focus -
Rs 5/Share Dividend: Record Date On 13th June; Buy The Auto Stock? -
Stock Market Live Updates: Market Likely To Open With Healthy Gains, Nifty Seen Above 22,450 -
IRCTC vs Cochin Shipyard: Which PSU Stock Has Higher Upside Potential? Sumeet Bagadia Answers -
Swing Trading Guide: 3 Stock Picks By VLA Ambala On Wednesday, April 24 -
Indian Railway Finance Corp (IRFC): Top NBFC Railway Stock Advised To BUY; Short-To-Long Term Target Prices -
2 Multibagger Defence To Shield Your Money, Buy On April 24; Prabhudas Sets Target Prices, Stop Loss -
Rs 3.5/Share Dividend Declared: NBFC Declares 55.5% YoY Surge In PAT, Shares Up 87% In 1-Yr -
Rs 118/Share Dividend: Healthcare Stock Below Rs 400 Turned Ex-Dividend, Payout Soon; Buy For Rs 515 Target -
6,693% Returns: Below Rs 75, Pharma Penny Stock Ex-Dividend For Rs 40/Sh Payout After 9 Years; Do You Own?
Indian Bank Swarna Nidhi Deposit: Offers gold at discount, free insurance and more
The Indian Bank Swarna Nidhi Deposit is a recurring deposit and a variable recurring deposit that offers you an excellent option to use the maturity proceeds to buy golds coins at a discount. Here are 4 other features of the Indian Bank Swarna Nidhi Deposit that are unique and come with a combination of benefits.
Flexibility
There are both options under the Indian Bank Swarna Nidhi Deposit. You can either opt for the recurring deposit or the variable recurring deposit. Under the later there is an option of varying the monthly installments which is called Variable Recurring deposit scheme. This provides you flexibility in case you cannot honour an existing commitment.
Discount on gold coins
Deposit holders get a discount on the gold coins to be purchased from the proceeds at Rs 25 per gram.
Personal accident insurance cover
Maturity value of Rs 12000 or more will entitle individuals to receive free personal accidental insurance of Rs 1 lakh by issuing IB Chatra Policy of the Bank.
Good safety
Deposits are safe as Indian Bank is a govt backed entity.
