Kadamba is committed to providing our senior citizens with a steady and secure source of income during their post-retirement phase. The Senior Citizens Monthly Income Deposit Scheme (SCMIDS) is a specially designed savings scheme initiated in the year 2000, aimed at ensuring financial
assistance and regular income flow for retired or senior individuals.
Eligibility Criteria
Age:
Customers must be above 60 years.
Duration:
The investment period is 5 years.
Key Features
Highest Returns:
SCMIDS offers the highest returns among all available monthly income schemes across India.
Minimum Deposit:
Start with a minimum deposit of Rs. 100,000. SMS Facility: Stay informed with regular updates via SMS.
SMS Facility:
Stay informed with regular updates via SMS.
Fund Transfer:
Convenient fund transfer through MMA or NEFT/RTGS.
Monthly Interest:
Regular monthly interest payments to the customer.
Loan Facility:
Members can avail loans up to 90% of the deposit amount.
