Monthly Income Scheme
• Minimum MIS would be of Rs. 10000/- and further in multiple of Rs.10000/-
• Rate of Interest for Senior Citizen/Armed forces shall be 0.25 higher then normal prevailing interest rate.
• Loan available against Deposit up to 85% of deposited amount after one month from the date of deposit.
Payment before maturity not allowed for 90 days deposit scheme and Payment before Maturity allowed to other MIS plans, in this case the Calculation of interest on pre-mature payment will be applicable as per savings a/c’s rate of interest and already paid interest amount will be deducted from the principal amount.