Monthly Income Scheme (MIS) Account
- 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 8.50%.
- Maturity Period - Five Years.
- No Bonus on Maturity w.e.f. 01.12.2011.
- Auto credit facility to SB Account.
|
Type of Account |
Minimum limit |
Maximum limit |
Single |
INR 1500/- |
INR 4.5 lakhs |
Joint |
INR 1500/- |
INR 9 lakhs |
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.
Interest Calculator
Monthly Income Scheme Rules |
