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Adarsh Monthly Income

MONTHLY INCOME

The Monthly Income Scheme (MIS) is a unique scheme where members can invest a specific amount and get returns every month till the end of the tenure at our competitive MIS interest rate. Members can choose investment amount along with the duration and earn interest on the same.

Duration Interest Rate (Annual) Special Interest Rate (On lumpsum Investment)
₹ 15 Lacs and above but less than ₹ 50 Lacs ₹ 50 Lacs and above but less than ₹ 1 Crore ₹ 1 Crore and above
Normal Members Female and Senior Citizen Normal Members Female and Senior Citizen Normal Members Female and Senior Citizen Normal Members Female and Senior Citizen
1 Year 8.50% 9.50% 8.75% 9.75% 9.00% 10.00% 9.25% 10.25%
2 Years 8.50% 9.50% 8.75% 9.75% 9.00% 10.00% 9.25% 10.25%
3 Years 9.00% 10.00% 9.25% 10.25% 9.50% 10.50% 9.75% 10.75%
4 Years 9.00% 10.00% 9.25% 10.25% 9.50% 10.50% 9.75% 10.75%
5 Years 9.50% 10.50% 9.75% 10.75% 10.00% 11.00% 10.25% 11.25%
6 Years 9.50% 10.50% 9.75% 10.75% 10.00% 11.00% 10.25% 11.25%

Special Interest Rates*

1.00% additional interest for women under monthly income scheme
1.00% additional interest for senior citizens (members aged 50 years in age) under monthly income scheme.
*Special interest rates applicable as per Society’s Terms & Conditions
Interest rates effective from April 01, 2018

FAQ

What is the tenure of Monthly Income Scheme?

Our Monthly Income Scheme is available with various tenures like 1 year, 2 years, 3 years, 4 years, 5 years and a maximum tenure of 6 years.

What is the minimum investment amount for Monthly Income Scheme?

The minimum amount of investment is Rs. 10,000 for Monthly Income Scheme and after that, one can invest in multiples of Rs. 1,000 in this product.

Is there any facility for prematurity in Monthly Income Scheme?

Members can premature this deposit as per following rules:-

  • (A) On deposit of 01 Year:- The member can get prematurity after 06 months
  • (B) On deposit of 02 Years:- The member can get prematurity after 12 months
  • (C) On deposit above 02 Years:- The member can get prematurity after 24 months

Is there any facility for loan in Monthly Income Scheme?

In 1 and 2 years scheme:

  • In 1 and 2 years scheme: Maximum up to 60% of deposit amount.

In 3 years scheme:

  • In 3 years scheme: Loan facility not available up to 1 year.
  • In 3 years scheme: Maximum up to 60% of deposit amount after 1 year.

In 4 years scheme:

  • In 4 years scheme: Loan facility not available up to 1 year.
  • In 4 years scheme: Maximum up to 50% of deposit amount after 1 year to 2 years.
  • In 4 years scheme: Maximum up to 60% of deposit amount after 2 years.

In 5 years scheme:

  • In 5 years scheme: Loan facility not available up to 2 year.
  • In 5 years scheme: Maximum up to 50% of deposit amount after 2 year to 3 years.
  • In 5 years scheme: Maximum up to 60% of deposit amount after 3 years.

In 6 years scheme:

  • In 6 years scheme: Loan facility not available up to 3 year.
  • In 6 years scheme: Maximum up to 50% of deposit amount after 3 year to 4 years.
  • In 6 years scheme: Maximum up to 60% of deposit amount after 4 years.

Interest rate will be applicable as per society’s terms and conditions.

Are there any special benefits in rate of interest for senior citizens and women?

Yes! A special benefit of 1% for women and 1% for senior citizens on basic rate of interest is given. If a woman is also a senior citizen, then she can get only one benefit.

Are the value date and maturity dates included for interest calculation?

Inception date is included while maturity date is not included for interest calculations.

BEST MONTHLY INCOME SCHEME (MIS)

Like other investment schemes of Adarsh Credit Co-operative Society, MIS also promises guaranteed secure returns. Our Monthly Income Scheme is a unique scheme that allows members to invest a specific amount of money and get the return every month within the defined tenure along with special MIS interest rate. Investment amount and duration can be selected by the member and interest can be gained on the same.

We, at Adarsh Credit Co-Operative Society, let you invest under MIS for the tenure minimum of 1 year and maximum of 6 years. The minimum amount of MIS investment is ₹ 10,000 after which you may invest in the multiples of ₹ 1000. We offer you an MIS interest rates varying from 8% to 11.25%. With such a higher rate of interest, Adarsh offers you the best Monthly Income Scheme. Invest in MIS today!

Get special higher interest rates if you are planning to invest lump sum amounts ranging from 15 lacs to 1 Cr.

Disclaimer: All the products and services of the Society are exclusively available for members of Adarsh Credit Co-operative Society Ltd. only.

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