MONTHLY INCOME SCHEME

True to its name, the scheme features interest is payable at the contracted rate every month, on the fixed deposit which is accepted for any period from one year to ten years. Interest is paid monthly at the discounted value (Please check with the branch nearest to you for the latest table on monthly income slabs). Interest is paid/credited to the Savings/current/Cumulative account of the depositor during the last week of every month. First such interest will be paid in the month, following the month in which the deposit is kept.