Death Fund
A member welfare initiative providing financial support to the nominee in the unfortunate event of the death of an eligible member.
Death Fund for Our Members
Supporting Our Members and Their Families
We offer a Death Fund facility to our members who are below the age of 65 years. The scheme is designed as a member welfare initiative to provide financial assistance to the nominee in the unfortunate event of the member's death.
The contribution applicable under the Death Fund is based on the age group of the member at the time of joining the scheme.
Who Can Join?
The Death Fund facility is available to eligible members of the Bank.
Members below the age of 65 years are eligible for the facility.
The scheme is intended to provide financial support to the member's family.
Death Fund Slab Details
The applicable contribution is determined according to the age group of the member.
| Sl. No. | Age Group | Installment | Amount (₹) |
|---|---|---|---|
| 1 | Below 50 Years | First Installment | ₹17,000 |
| Second Installment | ₹9,000 | ||
| Third Installment | ₹9,000 | ||
| Total | ₹35,000 | ||
| 2 | 50 to 60 Years | ₹45,000 | |
| 3 | 60 to 65 Years | ₹55,000 |
Important Information
The Death Fund is a member welfare facility offered by the Bank. Members are requested to contact the Bank for detailed terms, conditions, eligibility requirements and documentation applicable to the scheme.
Contact the Bank for Death Fund Assistance
Our staff will be happy to guide you regarding eligibility, contribution and enrolment.