Terms deposits are an extremely safe investment and are therefore very appealing to conservative, low-risk investors. In Monthly Income Scheme Deposit, we all require certain amount for our day to day expenses and for that by investing certain lump sum amount for specific period of time.
Information
Interest rate
Documents
Calculator
Depositing amount for fixed period
Period of deposit is minimum 1 Month to 36 Months
Repayment with interest on maturity date
Days/month
Interest Rate (%)
46 days to 90 days
5.00%
91 days to 180 days
6.00%
181 days to 270 days
7.00%
271 days to 364 days
8.00%
12 months complete
9.00%
12 months complete for senior citizen / handicapped / widow /ex- army person
9.50%
18 months complete
9.50%
18 months complete for senior citizen / handicapped / widow / ex- army person