MIS Deposit Scheme
A monthly income scheme or MIS is a financial deposit that requires the investor to first pool the money with a lender, and then earn returns, which are shared every month.
It is an easy and hassle free deposit scheme. You can invest the capital amount through a dated cheque. The date mentioned on the cheque will be considered as the account opening date. The interest earned on the investment will be disbursed one month from the opening date. The beneficiary can also be nominated after opening the account.
Service features
- A regular monthly income
- Earn Interest on your money
- Automatic transfer of interest monthly to saving acc.