True to it’s name, the scheme features interest payable at the contracted rate every month on the FD which is accepted for any period from one year to five years. Key features of MIS are:
Duration | Annual Interest Rate | Annual ROI for Senior Citizen & Women |
---|---|---|
181 to 365 days | 8% | 8.5% |
1 to 2 Years | 9% | 9.5% |
1 to 2 Years | 9.5% | 10% |
2 to 3 Years | 10% | 10.5% |
3 to 5 years | 10.5% | 11% |