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Features of MIS (Monthly Income Scheme)

No limit for maximum deposit amount

No age limit

No limit for Maximum period of deposit.



  • Simple investment product which offers monthly income, safety and flexibility.
  • Minimum period of deposit: 1 Year
  • No limit forMaximum period of deposit.
  • Minimum Amount of deposit is Rs.1 lac.
  • No limit for maximum deposit amount.
  • Option of premature/partial withdrawal in case of any urgent funds’ requirement without penalty.

Rate of Interest

  • ROI for 1 year is 9.6% (i.e Rs.800 per month for one lac) & ROI for above 36 months is 10.20% (i.e Rs.850 per month for one lac).


  • Any individual who is resident of India.
  • No age limit.

Documents Required

  • Identity Proof of depositor.
  • Address proof of depositor.
  • In case of minor, guardian’s documents & signature is required.

Pledging Of Deposit

  • Pledging of deposit is 80% of MIS Deposit amount.

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