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* NEFT and RTGS Services are free for Bank Customer. ** Highest Interest rate available for senior citizen.*** Locker Services are available on lowest rates.**** Facility for PMSBY, PMJJBY & Atal Pension Yojna is available. ***** Apex Bank's branches are CBS enabled.

 

1.

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

 

Eligibility

Savings Bank Account holders, 18 to 50 years of age  are eligible. (Insurance cover upto 55 years)

 

Premium

Rs.330/- per person per year.

 

Insurance Term

01 June  to 31st May  every  year and thereafter renewal as per the consent.

 

Benefit

Rs.2.00 lakhs  to the insured in case of death due to any reason.

 

2.

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

 

Eligibility

Savings Bank Account holders, between 18 to 70 years of age are eligible.

 

Premium

Rs.12/- per person per year.

 

Insurance Term

01 June  to 31st May every year and thereafter renewal as per the consent.

 

Benefit

·        Rs.2.00 lakhs in case of accidental death.

·        Rs.2.00 lakhs in case of irrecoverable and total loss of both eyes or sight, or both hands or both legs.

·        Rs.1.00 lakh in case of irrecoverable loss of sight in one eye or disabled or fully loss of one hand or one leg.

 

3.

Atal Pension Yojana (APY)

 

Eligibility

Savings Bank Account holders, between 18 to 40 years of age are eligible.

 

Premium

Each beneficiary has to contribute premium amount per month as prescribed by the Central Government according to ge and premium required. The table is under below :-

 

 

Contribution Table (Age-wise) 

 

Age of Joining

Years of contribution  

For a monthly pension of Rs.1000/-

For a monthly pension of Rs.2000/-

For a monthly pension of Rs.3000/-

For a monthly pension of Rs.4000/-

For a monthly pension of Rs.5000/-

18

42

42

84

126

168

210

19

41

46

92

138

183

228

20

40

50

100

150

196

248

21

39

54

108

162

215

269

22

38

59

117

177

234

292

23

38

64

127

192

254

318

24

36

70

139

208

277

346

25

35

76

151

226

301

376

26

34

83

164

247

326

411

27

33

90

178

268

356

446

28

32

97

194

292

388

485

29

31

106

212

318

423

529

30

30

116

231

347

462

577

31

29

126

252

379

504

630

32

28

138

276

414

551

689

33

27

151

302

453

602

752

34

26

165

330

495

659

824

35

25

191

362

543

722

902

36

24

198

396

594

792

990

37

23

218

436

654

870

1087

38

22

240

480

720

957

1196

39

21

264

528

792

1054

1318

40

20

291

582

873

1164

1454

 

Other terms :-

·     Under the scheme, premium amount will be auto debited monthly by the Bank from the beneficiary’s Savings Account and the same will be remitted.

·    To join the scheme of Atal Pension Yojana, application in prescribed format is to be given.  Aadhar Card and Mobile Number are accepted for KYC norms but in case Aadhar card is not available at the time of registration, the same may be submitted later on.

·     Under the scheme, option to increase or decrease the premium amount is available only once in a year i.e. during the month of April.

·    The Central Government would also co-contribute 50% of the total contribution or Rs. 1000 per annum, whichever is lower, to each eligible subscriber account, for a period of 5 years, i.e., from Financial Year 2015-16 to 2019-20, who join the NPS between the period 1stJune, 2015 and 31st December, 2015 and who are not members of any statutory social security scheme and are not income tax payers.

·     Under the scheme, penalty will be levied by the Bank for delayed payment of premium is as under :-

 

Sr. No.

Amount of Premium

Amount of Penalty

1.

Rs.100/-

Rs.1/-

2.

Rs.101/- up to Rs.500/-

Rs.2/-

3.

Rs.501/- to Rs.1000/-

Rs.5/-

4.

Rs.1001 and above

Rs.10/-

·    If premium is not paid for a period of 6 months, the account will be freezed and the account will be de-activated if the premium is not paid for a period of 12 months.

·     After completion of 60 years, member has to submit an application to the concerned bank for drawing of guarantee monthly pension.

Benefits :-

·  Under the scheme, after completion of 60 years of age, a monthly pension between Rs.1000/- to Rs.5000/- will be paid by the Central Government to the policy holder.

·  In case of the death of the policy holder, the pension will be paid to the spouse of the deceased, in case of death of the both, corpus of   pension will be paid to

     the nominee of the policyholder.