Is the IDBI natinalised bank ?

Checked in net,It’s saying nationalised 19 banks and IDBI is public sector bank,What is the difference between nationalised bank and public sector bank.

Pension plans in India – lumpsome amt?

Hi .
I want to put in a Rs 10 lakh in any pension plan for my grandmom so that she gets monthly income right from the next month I put in the money. Are there any such pension plans available ? I know there are pension plans for systematically investing every year (for a certain period) and at the age of retirement get the monthly income. But are there plans which start right after I pay a lumpsome amount and I get a monthly income ?

Please let me know if there are any other traditional ways of doing this (Post office, Banks deposits etc) . Thanks a TON.

what is maintainning fund valve?

if i am paying 10k in ulip for 3 yrs & term is for 10 yrs. but my policy gets discontinued aft 3 yrs because of not maintainning fund valve at the 3rd yrs as i go to with draw my amount. when i suppose to get my return amt as i said by agent. what is that?