Thursday, April 18News That Matters

Day: 31 July 2015

Pradhan Mantri Sneha Bandhan Yojana (PMSBY) – Details and Review

Bonds
Modi Government has announced one more yojana - Pradhan Mantri Sneha Bandhan Yojana on the occasion of of Raksha Bandhan. Three specially designed gifts products are announced under the umbrella of “Pradhan Mantri Sneha Bandhan Yojana” and will be available from 1st August, 2015 in all the designated banks. What is Pradhan Mantri Sneha Bandhan Yojana? Pradhan Mantri Sneha Bandhan Yojana is an Insurance Linked Fixed Deposit Scheme which will reap interest at the prevailing rate. It comes in a form of Gift Card or Banker’s Cheque which you can buy from the designated banks and give it to your loved ones. The receiver can either visit to his/her existing bank account or open a new zero balance bank account to deposit the Gift Card or Banker’s Cheque. 1. Pradhan Mantri Sneha Bandhan Yojana g...