Suraksha Bandhan: Scheme To Buy This Raksha Bandhan

To ensure social security for all especially the poor and under previleged section of society, the government have launched another scheme called as Suraksha Bandhan.

This scheme was launched in the backdrop of the forthcoming festival of Raksha Bandhan. The drive will reach out to the pool of eligible Bank account holders who are yet to be enrolled under the government launched schemes.

The last date for enrolling under the Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) schemes has been extended till 30th September, 2015.

Any individuals enrolling within this period would not be required to submit a certificate of good health for PMJJBY. PMSBY enrolment does not in any event require any such certification.

Jeevan Suraksha Gift Cheque

The Jeevan Suraksha Gift Cheques, which will be available for purchase in Bank branches by persons wishing to gift them to facilitate one year payment of premium for PMJJBY and PMSBY by the recipient.

The recipient of the gift cheque would deposit the instrument in his / her bank account for a realizable value of Rs.342 (Rs.12 + Rs.330) to cover one year subscription to PMJJBY and PMSBY.
The balance of Rs 9 from the purchase price of Rs 351 would be retained by the issuing Bank as a service charge.

Suraksha Deposit Scheme

The amount deposited under Suraksha Deposit Scheme would be used by the individual through their bank account to reserve Rs 24 for paying two annual payments of Rs 12 each for PMSBY, at the appropriate time, and the remaining Rs 177 would be in a Fixed Deposit (FD) for 5 to 10 years for payment of future PMSBY subscriptions from the interest accrued every year.

Jeevan Suraksha Deposit Scheme

The amount deposit under Jeevan Suraksha Deposit Scheme would be used to reserve Rs 684 for paying two annual payments of Rs 342 (Rs.12 + Rs.330) each for subscription to PMSBY and PMJJBY, at the appropriate time, and the remaining Rs 4317 would be kept in FD for 5 to 10 years for payment of future PMSBY and PMJJBY subscriptions from the interest accrued every year.

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