Sunday, September 11, 2011

Prajna Capital

Prajna Capital

Monthly Income Plans (MIPs) from Birla Sun Life AMC

Posted: 10 Sep 2011 10:30 PM PDT

Birla Sun Life MIP

Birla MIP is an open-ended income scheme which seeks to generate regular income through investments in fixed income securities so as to make monthly payment or distribution to Unit-holders with the secondary objective being growth of capital through investments in equity.

Birla Sun Life MIP II

Saving 5 Plan
Its objective is to generate regular income through investment in fixed income securities so as to make monthly payment or distrbutions to unit holders with the secondary objective being growth of capital.

Central Bank of India launches special deposit scheme

Posted: 10 Sep 2011 09:45 PM PDT

 

 

The plan named Cent Double will give an annualised yield of 13.33%

GOVERNMENT-run lender Central Bank of India on Tuesday launched a special scheme offering to double depositors' money in sevenand-a-half years.

The scheme, christened 'Cent Double', will give an annualised yield of 13.33 per cent and is valid between September 1 and December 31, a statement issued in Mumbai by the bank said.

For senior citizens, the annualised yield is slightly higher at 14.93 per cent and the money will double in seven years and three months, it added.

In metros and urban centres, the minimum deposit to be made under the scheme is Rs 10,000, while for semi-urban and rural centres, it is Rs 5,000, it said, adding that the maximum sum that can be invested is less than Rs 1 crore.

Central Bank of India, which was established in 1911, was nationalised in 1969. The bank has a network of 3,728 branches across India. The Mumbaibased bank also has an international banking division for non-resident Indians (NRIs).

Earlier this month, Central Bank of India announced a bancassurance tie-up with Cholamandalam MS General Insurance to sell general insurance products at all its bank branches across the country.
 
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