HARCO launches two excellent schemes for boys and girls up to 18-years of age
Under these schemes, quarterly compound interest of up to 7.25 percent is provided on FD and RD deposits
Babushahi Bureau
Chandigarh, March 7, 2024 - Haryana State Cooperative Bank has launched two new schemes named ‘Hamara Ladla and Hamari Bitiya’ for boys and girls up to 18 years of age in the state under a social approach.
Under these schemes, quarterly compound interest of up to 7.25 percent is being provided on FD and RD deposits made in the name of children.
Sharing more details in this regard, Managing Director, Haryana State Cooperative Apex Bank, Dr. Prafulla Ranjan said that under the ‘Hamari Bitiya Scheme, parents can open an FD or RD account in the bank for minor girls up to the age of 18 for the protection of the interests of their children.
He further stated that the second new scheme ‘Hamara Ladla’ Scheme has also been launched. Under this scheme, minor boys up to the age of 18 are eligible to receive 7.10 percent quarterly compound interest on opening FD and RD accounts.
Dr. Prafulla Ranjan said that both new schemes introduced by HARCO Bank are applicable until March 31, 2024.
Haryana State Cooperative Apex Bank Ltd. (Harco Bank) Chandigarh has 13 branches in the state and 2 extension counters located in Chandigarh and Panchkula. During the financial year 2022-23, the bank achieved a net profit of Rs. 88.52 crore and had capital of Rs. 5280 crore.
He further said that the citizens should take advantage of the very ambitious schemes initiated by the bank for boys and girls up to 18 years of age. Therefore, parents whose children are up to 18 years old should take advantage of these schemes and avail attractive compound interest benefits.