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Monthly Income Scheme

Monthly Income Scheme

Moneys invested in this type of deposit (Quarterly/Monthly Income Certificate) provide fixed monthly income by way of interest to the depositor for a specified period leaving the deposit amount intact. The Quarterly/ monthly interest will be credited to the savings or current account.

All resident individuals eligible to open a "Monthly Income Scheme" account in single/joint name/s. 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.

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