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Bank of India in pact with UTI Mutual Fund

CHENNAI: Bank of India has entered into a tie-up with UTI Mutual Fund for providing the members of self-help groups an investment opportunity through a micro-pension initiative under UTI-Retirement Benefit Pension Fund. Under the initiative, members of self- help groups maintaining accounts with Bank of India will contribute a minimum amount of

Rs. 100 every month towards UTI-Retirement Benefit Pension Fund up to the age of 55 to enable them to receive pension after they reach the age of 58 years.

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