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.

Maximum period of deposit 5 Years (60 Months)

There is 5Year (60 Months) Limit For 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 5 Years (60Months) 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 90% of MIS Deposit amount.
  • ROI for 1 to 2 year is 6% to 9% & ROI for above 3 Years (means 36 months) is 8% & ROI for above 5 Years (means 60 months) is 9%

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.