Features of MIS
No limit for maximum deposit amount
No age limit
ROI 7%
Product
1 )Benefits
- Simple investment product which offers monthly income, safety and flexibility.
- Minimum period of deposit: 1 Year
- Maximum period of deposit is 60 Months.
- Minimum Amount of deposit is Rs.50k.
- No limit for maximum deposit amount.
- Option of premature withdrawal in case of any urgent funds is available.
2) Rate of Interest
- ROI for 13 Months to 60 Months is 7%
3 ) Eligibility
- Any individual who is resident of India.
- No age limit.
4) Documentation & Security
- Identity Proof of depositor.
- Address proof of depositor.
- In case of minor, guardian’s documents & signature is required.
5)Pledging Of Deposit
- Pledging of deposit is 80% of FD amount.