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Monthly Income Scheme (MIS)
Steady monthly income — single tenor of 13 months at a fixed 10% p.a.
Fixed Tenor
Single tenure: 13 months.
Fixed Rate
Published rate: 10.00% p.a.
Monthly Payout
Interest credited monthly to your nominated account.
Product Rate — 13 Months
Rate applied at booking| Tenure | Published Rate (p.a.) |
|---|---|
| 13 months | 10.00% |
Final rate and payout schedule confirmed at the time of booking in branch. Taxes/TDS will be applied as per rules.
MIS Calculator (13 months, 10% p.a.)
Enter the principal and select a start date. Monthly interest = P × (10% / 12). Total interest = monthly × 13.
Printable MIS Slip (sample)
Monthly Income Scheme (MIS)
Start Date
-
End Date
-
Tenure
13 months
Principal
₹ 0.00
Rate
10.00% p.a.
Monthly interest
₹ 0.00
| Total interest (13 months) | ₹ 0.00 |
| Maturity amount (principal + interest) | ₹ 0.00 |
Note: Values are informational. Final payout at branch may differ due to taxes/TDS or rounding rules.
Eligibility
- Resident individuals and joint account holders as per society policy.
- Recommended for customers seeking regular monthly income.
- KYC compliance and operational account required.
Documents Required
- KYC: Aadhaar, PAN and proof of address.
- Passport-size photograph.
- Nomination details (as applicable).
Important Notes
- Interest payout frequency: Monthly (as selected at booking).
- Premature withdrawal, TDS and taxation rules apply as per society policy and prevailing regulations.
- Published rate (10% p.a.) applies for the 13-month tenor at booking — branch confirmation required.
Want steady monthly income?
Visit your nearest branch to open an MIS account for the 13-month tenor at 10% p.a.