Dhanashree Yojana

This Fixed Deposit Scheme appears to offer several attractive features that could benefit different types of investors. Heres a breakdown of its key features:

Key Features:

Cumulative Interest: This means that the interest earned is added to the principal, so you earn interest not only on your original deposit but also on the interest that accumulates over time. This can help you grow your investment more quickly compared to simple interest deposits.

Additional Interest for Senior Citizens: The scheme offers an extra 0.50% p.a. interest rate for senior citizens, making it a more lucrative option for this group, who often have limited sources of income.

Additional Interest for Bulk Depositors: Investors who deposit Rs. 15 lakhs or more in a single deposit for a term of 12 months or longer will receive an additional 0.15% p.a. interest rate. This benefit is aimed at encouraging larger investments.

In summary, this Fixed Deposit Scheme seems well-suited for both senior citizens and bulk depositors, offering enhanced interest rates to cater to their specific needs. If you're looking to maximize your returns while maintaining a low-risk investment, this could be a great option to consider.