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- ELIGIBILITY:- :
- All resident individuals eligible to open a "Monthly Income Scheme" account in single/joint name/s.
- SALIENT FEATURES :-
- True to its name, the scheme features interest payable at the contracted rate every month, on the fixed deposit which is accepted for any period from one year to ten years
- Interest is paid monthly at the discounted value (Please check with the branch nearest to you for the latest table on monthly income slabs)
- The deposit can be placed for 6 months to 120 months
- Nomination facilities are available for this scheme