Monthly Income Scheme (MIS) Account

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 8.40%.
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.

Interest Calculator

Monthly Income Scheme Rules