|
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 8.2%.
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.
|
Monthly
Income Scheme Rules |