Geojit Financial Services has informed that it has entered into an agreement with UTI Mutual Fund. Under the deal, Geojit Financial Services will offer UTI Retirement Benefit Pension Fund to its employees as a retirement solution.

As per the agreement, every month employees will contribute a minimum amount of Rs 500/- towards

UTI-Retirement Benefit Pension Fund up to the age of 55 years so as to enable them to receive pension in the form of periodical income / cashflow after they reach the age of 58 years.

Geojit Financial Services Limited, together with its subsidiaries, provides stock and share broking services in India. The company also provides offline and online trading services, as well as calls and trade facility.

The company has reported consolidated net profit of Rs 11.82 crore in the fourth quarter ended March 2008 as compared with Rs 5.74 crore in the same quarter, a year ago.