This scheme is very popular among the Senior Citizens / Retired Persons.
Features of MIS Deposit
In Monthly Income Scheme Deposit, we all require certain amount for our day to day expenses and for that by investing certain lump sum amount for specific period of time.
- Depositing amount for fixed peroid
- Period of deposit is minimum 1 Year & maximum up to 2 Years
- Interest credited every month into the saving account
- Loan can be granted on the accumulated deposit amount
Information
Monthly income scheme is an investment scheme of Shivsahyadri Sahakari Patpedhi Ltd. It Promises the investors guaranteed returns at 10% per annum in the form of fixed monthly income. Seasoned investors consider MIS to be one of the smartest investment options to park funds as it gives you three merits keep your capital intact, yields better returns than debt instruments and assures a fixed monthly income.
Interest rate prevailing for the Deposit period / scheme – 1 To 3 Year @10%
Documents Required
| Documents | Requirements |
| Documents required for NEW customers | 2 Photographs (Passport size) |
| Xerox copies of the following. Bring originals for verification | PAN – Permanent Account No. allotted by Income Tax Authority |
| Residential Proof ( Any one or more ) | Ration Card Passport Electricity Bill |
| Photo Identification Proof | Passport Election Identity Card Office Identity Card Driving License |
MIS Deposit
| Period | Interest Rate |
| 1 Year to 2 Year | 9.5% |
| 2 Year to 3 Year | 10% |