Monthly Income Plan

Highlights

  • Rate of Interest is 8% per annum.
  • Period of deposit is 5 years.
  • Rs. 2,000 is the minimum deposit.
  • No Limit for maximum deposits.
  • Deposits in multiples of Rs. 1,000
  • Any number of deposits can be made by one person.
  • Monthly payment will be due after one month from the date of deposit.
  • Loan facility can be availed in case of emergency.
  • Nomination facility available. Children can be nominee too.
  • In case of death of the depositor, Principal plus interest due will be paid to the nominee/ heir.
  • Ideal for people who need monthly income on a regular basis.