Products > Accounts & Deposits > MIS

MIS

Our Bank offers to all resident individuals to open a "Monthly Income Scheme (MIS)" account in single/jointly along with premature withdrawal facility.

Salient Features & Advantages:
•     True to its name, the scheme offers interest payable at the contracted rate every month, on the fixed

      deposit which is accepted for the period of three years
•     Interest is paid/ credited to the Savings/Current account of the depositor on the same date of

      every month in which date the deposit is opened in a particular month. First such interest will

      be paid in the month, following the month in which the deposit is kept

•    Senior Citizens are offered additional interest.
•    Nomination facilities are available for this scheme
•    TDS is applicable for the deposit
•    Generally Higher rate of interest than other Banks in the market