Monthly Income scheme

Know About Monthly Income Scheme

A reliable savings choice, the Monthly Income Scheme (MIS) is intended to give participants a consistent monthly income. You have the option to receive interest on both the money and the tenure.

The MIS is a secure and regulated way to make extra money, providing peace of mind and financial support for your monthly requirements. .

MI 1 M.I.S 9.50%

Amount	Period Int. Rate	M.I.S Int	Sr. Citizen 10%
10,000	Monthly	79	83
10,000	Quarterly	238	250
10,000	Half Yearly	475	500
10,000	Yearly	950	1000

MI 1 M.I.S 10%

Amount	Period Int. Rate	M.I.S Int	Sr. Citizen 10.50%
10,000	Monthly	83	88
10,000	Quarterly	250	263
10,000	Half Yearly	500	525
10,000	Yearly	1000	1050

MI 1 M.I.S 10.50%

Amount	Period Int. Rate	M.I.S Int	Sr. Citizen 11%
10,000	Monthly	88	92
10,000	Quarterly	263	275
10,000	Half Yearly	525	550
10,000	Yearly	1050	1100

MI 1 M.I.S 11%

Amount	Period Int. Rate	M.I.S Int	Sr. Citizen 11.50%
10,000	Monthly	92	96
10,000	Quarterly	275	288
10,000	Half Yearly	550	575
10,000	Yearly	1100	1150

MI 1 M.I.S 11.50%

Amount	Period Int. Rate	M.I.S Int	Sr. Citizen 12%
10,000	Monthly	96	100
10,000	Quarterly	288	300
10,000	Half Yearly	575	600
10,000	Yearly	1150	1200

MI 1 M.I.S 12%

Amount	Period Int. Rate	M.I.S Int	Sr. Citizen 12.50%
10,000	Monthly	100	104
10,000	Quarterly	300	313
10,000	Half Yearly	600	625
10,000	Yearly	1200	1250

MI 1 M.I.S 12.50%

Amount	Period Int. Rate	M.I.S Int	Sr. Citizen 13%
10,000	Monthly	104	108
10,000	Quarterly	313	325
10,000	Half Yearly	625	650
10,000	Yearly	1250	1300

Depositors in this scheme can select plans spanning from 1 to 7 years, with excellent interest rates ranging from 9.5% to 12.5% each year. The additional 0.50% p.a. that senior citizens receive makes it a desirable choice for retirees. Monthly interest can be instantly deposited into an account in India, providing easy access to funds. Members have the choice of a loan facility proportionate to the amount invested, and they can invest any amount over Rs. 10,000. A one-month grace period for auto-renewal flexibility and early withdrawal is allowed following the end of each year. Deposits will be locked for a further year following this grace period, guaranteeing responsible savings with worthwhile returns.

Questions & Answers

Find answers to all your queries about our Monthly Income scheme

What is the total span and interest rate of the Monthly Income Scheme?

Depositors in this scheme can select plans spanning from 1 to 7 years, with excellent interest rates ranging from 9.5% to 12.5% each year.

Is there any loan facility available for this scheme?

Yes, embers have the choice of a loan facility proportionate to the amount invested, and they can invest any amount over Rs. 10,000.

What happens to the deposit if you don’t renew within the grace period?

Deposits will be locked for a further year following the grace period, guaranteeing responsible savings with worthwhile returns.

Monthly
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Capital
Protection

Fixed Interest
Rate

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