Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

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MSCM Bank News

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

Bank has implemented Insurance policies under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY). PMJJBY Scheme offers life Insurance worth Rs. 2 lakhs at Rs. 330/- per annum. PMSBY scheme Offers accident insurance worth Rs. 2 lakhs at Rs. 12 per annum.

Loan

Gruha Jyothi Housing Loan - 10% p.a.
Property Loan(Purchase & Construction) - 12% p.a.
Property Loan(Mortgage - 13% p.a.
Overdraft Loan A/c - 14% p.a. (Business)
Hypothecation Loan against Stocks -15%
Vehicle Loan - 10% p.a.
Medium Term Loan - 15% p.a.
OD Against Govt. Securities (NSC) - 12% p.a.
Loan against Term Deposits - 1% (above the deposit rate)
Kalpavruksha Deposit Loan - 10% p.a.
Gold Loan - 9% p.a

Deposits

31 Days - 90 Days - 4%
91 Days - 180 Days - 5.5%
181 Days - upto 364 days - 6%
1 Year - 7%
Above - 1Y to 3 Years - 7%
Above - 3Y to 5 Years -6.50%
Above - 5 Years -6.75%
Saving Bank A/C - 3%
Senior Citizen - Extra -0.50%

LatestNews

Gold Loans Available
Over Draft
Vehicle Loan

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