Monthly Income Scheme(MIS)

 

Rate of interest 8%.

 

Maturity Period - Six Years.

 

5% Bonus on Maturity.

 

Post maturity Interest at the rate applicable from time to time (at present 3.5%)

 

Maturity period is 6 years. Can be prematurely encashed after one year but before 3 years at the discount of 2% of the deposit and after 3 years at the discount of 1% of the deposit.

 

Type of AccountMinimum limitMaximum limit

 

SingleINR 1500/-INR 4.5 lakhs

 

JointINR 1500/-INR 9 lakhs