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 8.40%.
  • 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.

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