The savings plan account is a recurring contribution based savings plan that is designed for customers to cater to their future financial goals, create future savings for themselves or for their children. Whether it be savings for their child’s education or wedding or accumulating savings for any unexpected future medical expenses or it can be used simply as retirement benefit plan for the customers.
It also offers flexibility and convenience for the customers in terms of selecting the tenor of the plan as well as choosing the withdrawal option either to make it a systematic withdrawal plan or withdraw the savings plan upon maturity.