Monthly Income

Monthly Income

Interest rates effective from 1st July, 2015

A monthly income scheme can be thought of as a budget for a retirement income. Rather than reaching retirement and spending your nest egg by making random withdrawals of varying amounts, a monthly income scheme can ensure you receive a stable amount of funds each month to spend, which limits the risk of over-spending. In this regard, an MIS is similar in many ways to an annuity.

( For Investment Of RS/- 100 per month )

Period Rate Of Interest (in %) Monthly Income on Rs/- 10000/- Ivested (in RS/-)
12 months 10.00 83
24 months 10.00 83
36 months 11.00 92
48 months 11.50 96
60 months 12.50 104
72 months 12.50 104