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iMAGE   MONTHLY INCOME SCHEME

Features

ELIGIBILITY:-
All resident individuals eligible to open a "Monthly Income Scheme" account in single/joint name/s.
SALIENT FEATURES :-
  • True to its name, the scheme features interest 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
  • The deposit can be placed for 6 months to 120 months
  • Nomination facilities are available for this scheme
Senior Citizens are offered additional interest of 0.50 % for deposits placed for 1 year and above period

For Useful Information please click the links below  :

Forms & Documents


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