MIS (Monthly Income Scheme)

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No limit for maximum deposit amount

No maximum deposit limit, allowing you to invest as much as you want with complete flexibility..

No age limit

Fixed Deposit schemes are available for individuals of all age groups without any age restriction.

No limit for Maximum period of deposit.

There is no such limitations over period on deposits.

What Benefit You Will Get

  • A reliable investment scheme offering monthly income along with safety and flexibility.
  • The minimum deposit tenure starts from 1 year.
  • There is no upper limit on the maximum deposit period.
  • Open your account with a minimum investment of Rs. 1 lakh.
  • Invest freely with no restriction on the maximum deposit amount.

Pledging & Rate of Interest

  • Pledging of deposit is 80% of MIS Deposit amount.
  • ROI for 1 year is 9.6% (i.e Rs.800 per month for one lac) & ROI for above 36 months is 10.20% (i.e Rs.850 per month for one lac).

Eligibility

  • Any individual who is resident of India.
  • No age limit.

Documents Required

  • Identity Proof of depositor.
  • Address proof of depositor.
  • In case of minor, guardian’s documents & signature is required.