thanamaheshpatpedhis

MONTHLY INCOME SCHEME (MIS)

THANA MAHESH PATPEDHI offers MIS among a host of products and services. Monthly Income Scheme are an ideal opting for those who want to earn a regular fixed deposit on a monthly basis. This will help the investor earn a supplementary income. This type of tern deposit promises the investor guaranteed returns at a certain rate of interest.

Sr	SCHEME NAME	PERIOD	INTEREST RATE SENIOR CITIZEN & LADIES
1.	MONTHLY INCOME SCHEME (MIS)	24months and above	9.25%PA

Features & Benefits:-

The investment is absolutely risk free
Interest will be credited to their saving account & the same can be withdrawal on monthly basis.
The member can choose to nominated another individual to receive the benefits in the event of his/her unfortunately death.
The scheme provides the option of a recurring deposit into which the fund can be moved
A joint account can be opened by two or three adults. All the account holders in the joint account have equal share. A single account can be converted to a joint account. The reverse is also possible.

Terms & Conditions:-

In the case also, for premature withdrawal, the rate of interest will be reduced by 1% PA from the applicable rates to the period of deposit already held in the society and the excess interest paid would be deducted from the principle amount.