VSG Monthly Income Scheme (MIS) Account

Moneys invested in this type of deposit (Quarterly/Monthly Income Certificate) provide fixed monthly income by way of interest to the depositor.

Best Monthly Income Scheme & MIS Scheme in this Company.

VANDHANLAGHU SHAHARI & GRAMIN has introduced one of the best Monthly Income Schemes in India, offering attractive and stable monthly interest rates on MIS accounts. This scheme is designed to provide a regular and reliable source of income. Due to the stable income of salaried individuals, this scheme may be less beneficial for them. However, it is highly suitable for retired persons, senior citizens, and individuals without a regular source of income who seek assured monthly returns.

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Monthly Income Scheme (MIS) Account Interest Payment Table (On Deposit of Rs. 10000/-)

Terms & Conditions:

1. Minimum MIS would be of Rs. 10000/- and further in multiple of Rs.10000/-
2. No TDS Deducted on interest paid by VANDHANLAGHU SHAHARI & GRAMIN Limitedon Deposits.
3. Special MIS is applicable only for Senior citizens, women, and Govt. employ and for pensioners.
4. Loan available against Deposit up to 75% of deposited amount after one month from the date of deposit.
5. Rate of interest on loan against Deposit would be 5% higher than applicable rate of interest to your Deposit.

Payment before maturity not allowed for 90 days deposit scheme and Payment before Maturity allowed to other MIS plans, in this case the Calculation of interest on pre-mature payment will be applicable as per savings a/c’s rate of interest and already paid interest amount will be deducted from the principal amount

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Choose your Monthly Income Scheme as per your requirements and avail the option of applying for savings account in our VANDHANLAGHU SHAHARI & GRAMIN in india.