x
i c c s l

Need Help? Talk to an Expert : 080 25588255 | 8714684144 | 080 41632505 | 8714688720

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%

AmountPeriod Interest RateMonthly Income Scheme InterestSenior Citizen10%
10,000Monthly7983
10,000Quarterly238250
10,000Half Yearly475500
10,000Yearly9501000

MI 2 M.I.S 10%

AmountPeriod Interest RateMonthly Income Scheme InterestSenior Citizen10.50%
10,000Monthly8388
10,000Quarterly250263
10,000Half Yearly500525
10,000Yearly10001050

MI 3 M.I.S 10.50%

AmountPeriod Interest RateMonthly Income Scheme InterestSenior Citizen 11%
10,000Monthly8892
10,000Quarterly263275
10,000Half Yearly525550
10,000Yearly10501100

MI 4 M.I.S 11%

AmountPeriod Interest RateMonthly Income Scheme InterestSenior Citizen 11.50%
10,000Monthly9296
10,000Quarterly275288
10,000Half Yearly550575
10,000Yearly11001150

MI 5 M.I.S 11.50%

AmountPeriod Interest RateMonthly Income Scheme InterestSenior Citizen 12%
10,000Monthly96100
10,000Quarterly288300
10,000Half Yearly575600
10,000Yearly11501200

MI 6 M.I.S 12%

AmountPeriod Interest Rate Monthly Income Scheme InterestSenior Citizen 12.50%
10,000Monthly100104
10,000Quarterly300313
10,000Half Yearly600625
10,000Yearly12001250

MI 7 M.I.S 12.50%

AmountPeriod Interest RateMonthly Income Scheme InterestSenior Citizen 13%
10,000Monthly104108
10,000Quarterly313325
10,000Half Yearly625650
10,000Yearly12501300

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. 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. 



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

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



Required Documents

Basic documents required for opening a savings account.

PAN Card
is Mandatory

Duly Filled
Application Form

Color & Passport Size
Photographs

Color & Passport Size
Photographs

We have various strategic partnerships and alliances with eminent Indian and global companies which cater to various aspects of our daily operations on PAN India scale. Not only do these partnerships widen our business platform but they also lay a foundation for a sustainable future.