Deposit in Monthly Income Scheme and invest interest in Recurring Deposit to get 10.26% per annum (approx) interest.
Above scheme operates automatically, if you open a saving bank account and give a request for automatic transfer of Monthly Income Scheme interest to Recurring Deposit through Saving Bank account.
Above scheme operates automatically, if you open a saving bank account and give a request for automatic transfer of Monthly Income Scheme interest to Recurring Deposit through Saving Bank account.
|
Type of Account
|
Minimum Deposit
|
Maximum Deposit
|
|
Single
|
Rs. 1500/ -
|
Rs. 4.5 lakhs
|
|
Joint
|
Rs. 1500/ -
|
Rs. 9 lakhs
|
Monthly Income Scheme (MIS)
Safe & sure way to get a regular monthly income.
Specially suited for retired employees/ Senior Citizens or any one with high sum for investment .
Rate of interest 8%.
Maturity Period - Six Years.
Bonus on maturity is 5% of the amount deposited.
Post maturity Interest at the rate applicable from time to time (at present 3.5%)
Auto credit facility to SB Account.
Specially suited for retired employees/ Senior Citizens or any one with high sum for investment .
Rate of interest 8%.
Maturity Period - Six Years.
Bonus on maturity is 5% of the amount deposited.
Post maturity Interest at the rate applicable from time to time (at present 3.5%)
Auto credit facility to SB Account.