MONTHLY INCOME SCHEME
A monthly income scheme is a financial instrument where an investor gives a certain sum of money to a bank or a financial institution (company) and the entity pays interest for the duration of the deposit. The rate of interest paid varies depending on the amount and tenure. Investor’s, especially conservative investors, prefer to open monthly income scheme, as it is a safe investment option and it can be opened easily and quickly. The account can be opened by individually or jointly.
| MIS AMOUNT OF 100000 | ||||
| Scheme Name | Tenure (Month) | Rate of Interest | Invest Amount | MONTHLY INTEREST |
| MIS001 | 60 | 9 | 100000 | 700 |
