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Senior Citizens Monthly Interest Investment Plan

  • socialmedia4484
  • Aug 12, 2020
  • 1 min read

The Senior Citizens Monthly Interest Investment Plan (SCIP Monthly) is a financial instrument that allows Senior citizens or retired persons to withdraw their interest monthly from their investments.

Terms and Conditions:

  • The Plan is intended for ‘retirees only’.

  • Funds invested in the Plan cannot be withdrawn before the expiry date.

  • The investor will be required to stipulate what should be done with the proceeds should the worst happen to him/her before the expiry date.

  • The investment may be used as security for loans.

  • The investment must be no less than $5,000.

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