(MIS) Interest Payment Table - On Deposit of Rs. 10000/-
Period |
Rate of Interest |
Monthly Income |
| 12 Month |
10.50% |
88/- |
| 24 Month |
10.75% |
90/- |
| 36 Month |
11.00% |
92/- |
| 48 Month |
11.50% |
96/- |
| 60 Month |
12.50% |
104/- |
Terms & Conditions:-
- Minimum MIS would be of Rs. 10000/- and further in multiple of Rs.10000/-
- Interest amount subject to TDS as per provisions of Sec 194A of the Income Tax Act 1961.
- Rate of Interest for Senior Citizen/Armed forces/Women shall be 0.25 higher then normal prevailing interest rate.
- Loan available against Deposit up to 80% of deposited amount after one month from the date of deposit.
Payment before maturity not allowed for 90 days deposit scheme and Payment before Maturity allowed to other MIS plans, in this case the Calculation of interest on pre-mature payment will be applicable as per savings a/c’s rate of interest and already paid interest amount will be deducted from the principal amount.