Monthly Income Scheme
M.I.S. 3 Year
| Principle Amount |
Paid Up Value |
Maturity Value |
| 50000/- |
333.33 |
51000/- |
| 100000/- |
666.67 |
102000/- |
| 500000/- |
3333.33 |
510000/- |
M.I.S. 5 Year
| Principle Amount |
Paid Up Value |
Maturity Value |
| 50000/- |
343.75 |
52000/- |
| 100000/- |
687.50 |
104000/- |
| 500000/- |
3437.50 |
520000/- |
Terms & Conditions:-
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Minimum MIS would be of Rs. 50,000/-
-
No TDS Deducted on interest paid by SMNL on Deposits.
-
Special MIS is applicable only for Senior citizens, women, and Govt. employ and for pensioners.
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No Pre-maturity's on M.I.S. plan.
Payment before maturity not allowed for 90 days deposit scheme and Payment before Maturity allowed to other MIS plans, in this case the Calculation of interest on pre-mature payment will be applicable as per savings a/c’s rate of interest and already paid interest amount will be deducted from the principal amount.
