Senior citizens monthly income-deposit scheme

  • Kadamba is intending to provide our senior citizens with a steady and secure source of income for their post-retirement phase.
  • The Senior Citizens Monthly Income Deposit Scheme is a specially designed savings scheme by Kadamba, which is initiated in this year (2000) itself. And its primary goal is to give financial assistance to retired or any senior individuals by ensuring that they have some regular income flow.
  • The Senior Citizens Monthly Income Deposit Scheme (SCMIDS) offers regular monthly income and it is the only scheme that, our senior citizens can get highest returns among all available schemes across India.

Eligibility Criteria

  • Indias Best Monthly Income Scheme
  • Deposit Starts From Minimum Rs/- 100000
  • SMS Facility
  • Fund Transfer Facility Through MMA or NEFT/RTGS
  • Monthly Interest Payable To The Customer
  • Customer Shall Be Above 60 Years
  • Duration Would Be 5 Years
  • Members Can Available Loan Up To 90%
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