Our Services | Investment Policy

Investment policy

Investment plans offers long-term benefits to the clients and are ideal for individuals in every kind of situation. Realize your dream with elastic options and maturity or death benefits. In keeping with the changing times and increasing customer expectations, SCT Plc is continually reinventing itself and bring friendlier options that provide high returns with negligible risks involved.

Various types of SCT Plc systematic investment plans include the following.

Fixed Deposits

When you have surplus funds to invest, SCT Plc fixed deposits provide a good way to help your income grow. Here is a high flexibility of tenure for such deposits starting from mere fifteen days to ten years. You can open fixed deposits with SCT Plc investing a nominal amount, as low as one thousand .

Whenever any urgent financial requirement crops up it is possible to take overdrafts or loans on the money you invest. Besides, one can take advantage of premature withdrawal facilities and term deposit transfers.  Timely interest accumulation in your FD account makes money grow and compounded quarterly.

Term Deposit

SBI term deposits are all about competitive interest rates, trust, and security, helping you to make your surplus money grow steadily. There is flexibility of tenure starting from mere seven days to ten years. The nominal amount that you can start with is similar to FDs, which is INR 1000. Interest payment on your investment is quarterly and monthly interests are discounted.

It is possible to take overdrafts or loans on up to 90% of the amounts deposited by paying a nominal fee. You can also go for premature withdrawal with no penalties for deposits below fifteen lakhs for seven days to one-year tenure. There is an automatic renewal of your deposits on maturity with does away with the need for tracking.

Recurring Deposit

SCT Plc recurring deposits allow investors to go for monthly small amount savings, which can come in good stead later on in various kinds of expenditure including the purchase of a vehicle or the marriage or education of children. The maturity period for this deposit varies between one to ten years. Minimum amounts that you can pay through monthly installment are a mere hundred . This flexible scheme allows you to change both installment amounts and maturity period as suited. You can even take loans on ninety percent of the total amount deposited with a low interest rate, which is 0.5% per annum over deposit rates. There is no TDS on interest incomes.

Savings Account

Those interested in future savings can opt for SCT Plc savings account. It is of two types.

  • Saving account: It comes with card convenience, money multipliers, and flexible, wide accessibility. You can go for a single account or a joint one. There is facility for account transfers over SCT Plc networks. Recently the bank has done away with the minimum balance criterion that prevailed before.  Besides, half-yearly compounding of interest is also present.
  • Savings plus: Under this account, the deposit period varies between one to five years. Threshold limit for this is from  five thousand onwards. Any amount that exceeds the threshold limit goes to term deposit schemes and gets benefits under this.