Abhyudaya Bank Lakhpati

Does Abhyudaya Bank operated Lakhpati Deposit Scheme for their customer , if yes then can you plz tell me about this scheme???

[Kiran Chandar]

As per me Abhyudaya Bank does not operated Lakhpati Deposit Scheme, this scheme operated by Punjab national bank , here I am telling brief info of Punjab national bank LAKHPATI SCHEME

Individual (singly or jointly) with others.
Minor who have attained the age of 10 years and above in his/her own name on giving proof of age.
Minors below the age of 10 years under guardianship of Natural/legal guardian.
Proprietorship/Partnership Firm, Commercial Organization,Company/Corporate Body
Hindu Undivided Family
Association, Club, Society, Trust or Religious/Charitable Educational Institutions,
Municipality or Panchayat, Government or Quasi-Government body.
Illiterate and blind persons can also open accounts.
Rs. 1300/- in 63 months give maturity of Rs. 104053/-.

Documents required:
The Bank requires a satisfactory introduction of the person/s opening the account by a person acceptable to the Bank.

The Bank is required to obtain two recent photographs of the person/s opening the account, as per RBI directives.

The Bank is required to obtain Permanent Account Number (PAN) or General Index Register (GIR) Number or alternatively obtain declaration in Form No.60 or 61 as per the Income Tax Act (vide Section 139A) from the person/s opening the account.