I was doing online banking where I stumbled upon something interesting.
Its called Holiday savings Account. 🙂
Huh ?? Never heard of ?? Yeah even I hadn’t
For a person like me who like to travel to different places every year, this is a nice option.
Scheme is simple. You will have to invest in recurring deposit a certain amount . interest rate would be 7.25%
And the maturity amount would be your travel package amount,partnered with Thomas Cook.
For ex : let’s say travel package for couple is 18000 INR for couple. For 4 days 3 nights .
Now you will have to invest in bank Rd under this scheme of about 1400/month . remember its 2 person’s charge. Now total would be around 16k and @7.25% interest it would be 18k.
That covers package amount. On the mentioned dated Thomas cook would arrange the tour for you. That’s it. Enjoy the trip.
PS: this option is available only for state bank of India customers.
Let me know how do you find this account format and plan.
Cheers
Sup
theonlysup 
That sounds good! A win win outcome investment comes from a very smart personality. Enjoy your gain income my dear sup.
P.S. There is no prefered date found here…
It’s good to know that u love traveling! 🙂 So how many places have u visited so far?? 🙂
Hmm Maharashtra, Gujarat ,Rajasthan ,himachal, Chandigarh and of course Karnataka where I live..
Oh My God! This is so interesting 😉 How lucky you are 🙂 🙂 I’m feeling #Jealous now 😛 😛 Well next time ask me bfore u go 😛 Ahn! just kidding! 😉
Sure. Jo hukum mere aka…
Hahaha…I was just joking re 😛
Hi, a lot to mention but only in the Philippines so far. I have a plan so soon since only few priorities left in line. How about you?
Sent from my iPod
Good do visit India if possible.
interesting information, hadn’t known about this kind of scheme.
Yeah its available only with state bank of India customer not sure if other banks have this option
ok
thank you
Interesting idea! any idea if this has many takers?
unfortunately i do not have that survey .. but its is a beneficial thing . thomas cook provides a nice package if you chose to go abroad .but if you do not choose to travel and cancel the package , still RD amount would be credited back to your account .so a safer option
That’s great! I’m sure it’s quite useful!
Wow…its an amazing piece of info n thanks for such a useful post
Great. Check out options if its beneficial for u.. If u travel outside India I guess its an advantage ..
Thanks for the info! 😉
Which place is on your bucket list? Have you visited the hillstations of Maharashtra?
mumbai is definitely on list.. i have visited himachal(manali,shimla), chandigarh, ahmedabad, mount abu,jaipur etc.. for now ooty is next .. and bigger one may be mount everest basecamp..
Yay!
Wow, that’s a lot of places! I have been to all except ahmedabad. Aur it’s so sad, inspite of stayingbin karnataka I couldn’t visit ooty.
I too wanna go to the himalayas. I have seen them from far, from Rhotang Pass and Solang Valley. 🙂
You must visit Kerala, especially Munnar! It’s a beautiful place!
yeah i should visit munnar ..may be next year..
Yeah! That’s the spirit!
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