Monthly income schemes are investment options that promise to provide regular income to investors on a monthly basis.
MIS Helps you earn attractive returns on your investments. It’s a 6-year investment plan offering an actual interest rate of 14% and provides a fixed monthly income. The maturity period for the MIS scheme is 6 years so, the customer should ideally withdraw the amount after this duration at the end of the term the customer will receive all the funds that were invested in the scheme. Every month will be paid Rs.1167 for Rs.1,00,000.