If you are planning on embarking an investment plan or going for some schemes, then you should consider factors such as tenure, interest rates, how the interest is compounded etc. After deciding the priority of your choice only you can finalize an investment plan.
Among the plethora of choices available, there is a very interesting and lucrative investment plan by Adarsh Credit. This scheme is Adarsh Credit Co-operative Society’s monthly income scheme, the MIS scheme.
MIS scheme should be your first choice if you are looking forward to get returns every month that too with higher MIS interest rates. To opt for any investment plans, whether it is MIS scheme or any other scheme, you need to know the complete details about it, the ins and outs, advantages and drawbacks, only then you can decide whether it is suitable for your investment or not.
To begin with, Adarsh Credit’s MIS scheme is monthly income scheme that allows you to invest desired amount and get returns every month with MIS interest rates varying from 8.50% to 11.25%.
Under MIS scheme, you can invest any amount greater than ₹10,000 followed by investments in the multiples of ₹1000. The tenure of this MIS scheme may vary by the selection of the member and at Adarsh Credit you can invest your amount from a minimum of 1 year to maximum 6 years.
The MIS interest rate varies depending upon the tenure, amount and the investing person. There are special MIS interest rates for female members and senior citizens in the case they are investing in the MIS scheme.
There are special benefits of higher MIS interest rates for investments in lump sum amounts ranging from ₹15 lac to ₹1 Cr. And in this case also the female members and senior citizens get benefits of higher MIS interest rates.
Along with these interest rates and benefits, you get additional benefits such as premature withdrawal facility and loan facility. These benefits are subjected to the rules and regulations of the society and MIS scheme.
To get into the details of this scheme and know more about all the interest rates visit the nearest branch of Adarsh Credit Co-operative Society or just browse Adarsh Credit MIS scheme.