Savings Bank

Monthly Income Scheme (MIS)

Recurring Deposit

Time Deposits

Senior Citizen Savings Scheme (SCSS)

Public Provident Fund

National Savings Certificates (NSC)

Savings Schemes Chart

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Negative List for Divisional Offices

Negative List 

MIS Interest Calculator

 

 Monthly Income Scheme (MIS)

 

          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