Padma Monthly Saving Scheme (MSS) is a DPS scheme where the customer builds their savings habits by depositing installment monthly and gets a handsome return after the tenure is complete.
Features of the Scheme:
- Flexible tenure of 3, 5, 8 & 10 years.
- Shortest tenure 8 years 6 months.
The Maturity Value Table is provided in the below table:
| Period |
Installment |
| Year |
500 |
1,000 |
1,500 |
2,000 |
2,500 |
5,000 |
10,000 |
25,000 |
50,000 |
| 3 |
19,871 |
39,742 |
59,614 |
79,485 |
99,356 |
198,712 |
397,424 |
993,559 |
1,987,119 |
| 5 |
35,813 |
71,625 |
107,438 |
143,251 |
179,064 |
358,127 |
716,255 |
1,790,636 |
3,581,273 |
| 8 |
65,225 |
130,449 |
195,674 |
260,898 |
326,123 |
652,245 |
1,304,491 |
3,261,226 |
6,522,453 |
| 10 |
90,686 |
181,372 |
272,058 |
362,744 |
453,429 |
906,859 |
1,813,718 |
4,534,294 |
9,068,588 |
Terms and Conditions:
- Tax, Excise and other duty applicable to the scheme will be deducted from encashment value of the scheme.
- All terms and conditions applicable for the prevailing schemes will be applicable for the scheme.
- For any further query please contact your nearest Padma Bank Branch or call 16612
