Our Monthly Income Scheme is available with various tenures like 1 year maximum tenure.
The minimum amount of investment is Rs. 100 for Monthly Income Scheme and after that, one can invest in multiples of Rs. 500 in this product.
The interest rate of the product is as follows:-
• 1 Year – 8% Yearly
Members can premature this deposit as per following rules:-
· MDS for 1 Year:- The member can get prematurity after 06 months
(The interest paid monthly will be recovered)
Yes! Loan facility is available against Monthly Income Scheme. Members can avail maximum 60% loan against their investment amount. Interest rate will be applicable as per rules of the Society.
Yes! A special benefit of 0.50 % for women and 1% for senior citizens on basic rate of interest is given. If a woman is also a senior citizen, then she can get only one benefit.