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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.

Lump sum deposit amount Duration & Rate of Interest
1 & 2 Years 3 & 4 Years 5 & 6 Years 7 & 8 Years 9 & 10 Years
On deposit upto ₹ 5 lacs
Minimum deposit of ₹ 10,000 and further in multiples of ₹ 1,000
9.50% 10.50% 11.50% 12.50% 13.50%
On deposit of ₹ 5 lacs and above but less than ₹ 15 lacs
Minimum deposit of ₹ 5,01,000 and further in multiples of ₹ 1,000
9.75% 10.75% 11.75% 12.75% 13.75%
On deposit of ₹ 15 lacs and above but less than ₹ 25 lacs
Minimum deposit of ₹ 15,01,000 and further in multiples of ₹ 1,000
10.00% 11.00% 12.00% 13.00% 14.00%
On deposit of ₹ 25 lacs and above but less than ₹ 50 lacs
Minimum deposit of ₹ 25,01,000 and further in multiples of ₹ 1,000
10.25% 11.25% 12.25% 13.25% 14.25%
On deposit of ₹ 50 lacs and above but less than ₹ 1 crore
Minimum deposit of ₹ 50,01,000 and further in multiples of ₹ 1,000
10.50% 11.50% 12.50% 13.50% 14.50%
On deposit of ₹ 1 crore and above
Minimum deposit of ₹ 1,00,01,000 and further in multiples of ₹ 1,000
11.00% 12.00% 13.00% 14.00% 15.00%

Interest rates effective from July 01, 2018

FAQ

What is the tenure of Monthly Income Scheme?

Monthly income scheme is available for various tenures of 1 year, 2 years , 3 years up to 10 years.

What is the minimum investment amount for Monthly Income Scheme?

The minimum amount of investment is Rs. 10000 and after that further in multiples of Rs. 1000

Is there any facility for prematurity in Monthly Income Scheme?

  • On deposits of 1 year- Prematurity payment facility available after 6 months
  • On deposits of 2 years – Prematurity payment facility available after 1 year
  • On deposits between 3 to 5 years- Prematurity facility available after 2 years
  • On deposits between 6 to 10 years- Prematurity facility available after 3 years

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 to 10 years scheme:

  • In 6 to 10 years scheme: Loan facility is not available up to 4 years
  • In 6 to 10 years scheme: Maximum up to 50% of deposit amount after 4 years to 5 years
  • In 6 to 10 years scheme: Maximum up to 60% of deposit amount after 5 years

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

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, lets you invest under MIS for the tenure of a minimum of 1 year and a maximum of 10 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 rate varying from 9.5% to 15.00% With such a higher rate of interest, Adarsh Credit offers you the Monthly Income Scheme. Invest in MIS today!

Get special higher interest rates if you are planning to invest lump sum amounts starting from 5 Lakh and can be higher than 1 Cr as well.

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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