1. Minimum TBMIP would start with Rs.20,000/- and further with multiple of Rs.10,000.
2. First Monthly income will be paid after 30 days.
Premature Withdrawal Terms & Condition:
1. For 12 months MIP no premature withdrawal. 2. For 24 Months MIP no premature withdrawal before 12 months. Premature withdrawal between 13 to 18 months interest of 4.5% P.A. only will be applicable,19th months onwards interest of 5 % P.A.only will be applicable. 3. For 36 Months MIP no premature withdrawal before 18 months. Premature withdrawal between 19 to 30 months interest of 4.5% P.A. only will be applicable,31st month onwards interest of 5 % P.A.only will be applicable. 4. For 60 Months MIP no premature withdrawal before 30 months. Premature withdrawal between 31 to 48 months interest of 5% P.A. only will be applicable,49th month onwards interest of 5.5 % P.A.only will be applicable. 5. All paid interest will be deducted from the Principal Amount.
