Jeevan Prabha SB Account
(An Insurance Linked Deposit Account)
Rs.1,110/- initial Deposit.
A minimum of Rs.1000/- shall always be maintained in the account to derive benefit of the Scheme.
Period & Risk Coverage:
The risk shall commence from the time and date of opening of a/c. The insurance coverage will be available to all JPSB accounts for a period of 3 years from the date of opening of account provided the minimum balance of Rs.1000/- is maintained upto 3 years. The risk arising out of accident alone would be covered under the Scheme i.e., risk will not be covered under natural death. In case of occurrence of more than one accident, the Insurance risk coverage is to the maximum of Rs.1.00 lakh only.
Rate of Interest:
4.00% as applicable to SB accounts.