Lokmanya Multipurpose Co-operative Society has taken the initiative for the future of the brave soldiers who protect India’s borders by risking their lives, who work day and night to protect the country by pouring oil in their eyes, without fear of sun, wind and rain. On the occasion of the silver jubilee of the Kargil war on Saturday, July 26, Lokmanya launched the Sainik Samman Yojana, a fixed deposit scheme. In this scheme, the ex-servicemen will get an interest rate of 10.80 % for a period of 25 months.
The scheme offers an additional interest rate of 0.50 per cent to ex-servicemen who are senior citizens. Thus, Senior citizens will get an interest rate of more than 11 % under this scheme. Currently serving soldiers, ex-servicemen and brave wives will also be able to make their deposits in this scheme.
The scheme will be operational for a limited period and available in all branches of Lokmanya Multipurpose Co-operative Society across Maharashtra, Karnataka and Goa. In this, the serving soldiers and ex-servicemen of the state can keep their fixed deposits. It will be mandatory for soldiers to keep at least ten thousand rupees as a deposit .