Whenever there is talk of savings, the name of Fixed Deposit, i.e., FD definitely comes up. Your investment is safe in FD, and along with this you also get guaranteed returns. If you are also thinking of investing in FD, then this news is of great use to you. Today we will tell you about a scheme in which you will get the benefit of better returns as well as insurance. So, keep reading to make your savings double beneficial.
Union Bank’s ‘Union Wellness Deposit’
Actually, the government Union Bank of India has started a special term deposit scheme, called ‘Union Wellness Deposit’. This scheme has been created keeping in mind both finance and health. That is, now your FD will not only increase your money, but will also take care of your health. This is a unique initiative that takes savings and health together.
Get great returns and insurance in just 375 days
The duration of this special scheme of the bank is just 375 days. In this, general customers will get 6.75 percent annual interest, and our senior citizens will get the benefit of an additional 0.50 percent interest. Customers can invest a minimum of ₹ 10 lakh and a maximum of ₹ 3 crore in it. Premature withdrawal and a loan against the FD facility are also available in this scheme.
But the most special thing about this scheme is the 375 days super top-up health insurance cover, which also includes the facility of cashless hospitalization. Apart from this, lifestyle benefits are also given to investors through the RuPay Select Debit Card. Imagine, along with FD, you are also getting health insurance and lifestyle benefits.
Who can take advantage of this great scheme
Any person between the ages of 18 to 75 years can invest by opening an account in the Union Wellness Deposit Scheme. This scheme is open to both individual and joint accounts. However, in a joint account, the insurance coverage will be limited to the primary account holder only. So, if you fall in this age group and want to avail of health insurance along with a safe investment, then this scheme is made for you.