Suraksha Bandhan Yojana

Suraksha Bandhan Yojana

The Raksha Bandhan is a festival of care and love between brothers and sisters and in this occasion, the government has planned to launch the special drive known as the “Suraksha Bandhan”. The scheme is launched for the promotion of the social security schemes. Within the Suraksha Bandhan, common people shall be able to gift a social security scheme for their near and dear ones. This can be definitely said to be one more step towards transparency, efficiency and reliability. Prime Minister Narendra Modi has been launching different financial projects and schemes that enhance social and financial security.

Gift your loved ones

The special drives have been arranged by the participating insurance companies and banks from the months of August 2015 to September 2015. Just like you have been offering gifts for your sisters in the special occasion of Raksha Bandhan, similarly, you shall be able to gift your loved ones a social security scheme. The PM Suraksha Bandhan Yojana is actually a fixed deposit that has been initialized in all different nationalized banks. This scheme offers a rate of 8 percent on the fixed deposits.

It cannot be denied that the needs for financial investment scheme which offers a certain amount of monetary reward for the common people of India, is really important. For instance, if you are to gift your loved ones with some amount of cash that they can use for future, this fixed deposit scheme can be a good option. It has been observed that a lot of people opt for the general fixed deposit schemes for their daughters and sisters before their marriage, so that it can be utilized. But those fixed deposits were general deposits without any special feature or better rate.

Initiative for protection

The scheme has been launched on 1st August 2015, at the time of Raksha Bandhan festival and this scheme would be operated on Pan India basis. The primary entity of this whole thing is Jeevan Suraksha Gift cheque. This will be available from the banks and the gift cheques shall carry a certain value of Rs 201, 351 and Rs 5001. The gift cheques shall be purchased by the individuals who are willing to gift the social security schemes to their loved ones. This drive is definitely going to help the government to reach for the huge number of account holders who are absolutely eligible but are unable to avail the social security schemes. The festival of Raksha Bandhan has been celebrated for felicitating the bond of care, protection and love between a brother and sister. The Suraksha Bandhan Yojana has been formatted following the similar motto, where the government has taken up the initiative for protecting the interests of the country’s citizens.

Additional features

The gift cards shall also be linked with different other special features like the Pradhan Mantri Suraksha Bima Yojana, and the balance amount of the gift card shall be deposited for fixed deposit that offers an interest rate of 8 percent. The Suraksha Bandhan drive is solely aimed for taking forward the government’s target of forming a universal social security system especially for the poor and for the individuals who are under privileged. Within this drive, the people who enroll shall be relieved from submitting the certificate of good health for the Pradhan Mantri Jeevan Jyoti Bima Yojana. If the receiver is having a bank account, then they can deposit the gift cards in their savings account and enjoy the interest rates. This will be beneficial for a lot of underprivileged or poor people since they can have a certain amount of fixed monthly income.

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