• CALL +91-88640-31207

Monthly Income Scheme (MIS)

Invest fixed sum of amount on monthly basis in Recurring Deposit and get attractive interest rates.

Key Benefits

FEATURES BENEFITS
Scheme Code TD006
Eligibility By an individual in his/her own name. By more than one individuals in their joint names with suitable repayment instructions. On behalf of a minor by his/her natural guardian or by a guardian appointed by court.
Minimum Period 12 Months
Maximum Period 120 months
Minimum Deposit Rs.1000/- and in multiples of Rs.100/- thereof.
Maximum Deposit No Limit
Rate of Interest The rate of interest is payable on MIS as per interest table available on the Bank’s website.
Interest payment Frequency Interest will be paid on monthly basis at the discounted value of the contracted rate. (Please check with the branch nearest to you for the latest table on monthly income slabs)
Interest is paid/credited to the Savings/Current/Cumulative account of the depositor during the last week of every month. First such interest will be paid in the month, following the month in which the deposit is kept.
TDS TDS will be deducted as per guidelines.
Loan Facility Available
Nomination Facility Available as per guidelines
Automatic Renewal Deposit will be auto renewed for the same period at the applicable rate of interest on maturity in the absence of specific instruction.
Premature Closure Allowed. Interest will be paid for the run periodat applicable rate and penalty if any.
Penalty on Premature Closure In case of Pre-closure of retail term deposits (less than Rs.2.00 crores), which have run for 7 days or above, interest to be paid at 1.00% less than the applicable rate (as on the date of opening of deposit) for the period for which it has actually remained with the Bank or contracted rate, whichever is lower.

How to Apply

Visit the nearest CSP of Trianglemind Benefit Nidhi Limited and our CSP Branch Owner will guide you on the application process.

Contact us and our Customer Care Executive will fix a doorstep service appointment with our Loan Executive to help you with the application process.

Required Documents

Here is a list of KYC Documents to be submitted with the completed and duly signed Account Opening Form for various types of accounts:

a) Individuals

Aadhaar/ Proof of application of Aadhaar enrolment which is not older than six months

PAN/Form 60 (In case of Form 60, one certified copy of OVD* to be submitted)

FATCA Declaration which is part of the account opening form

Recent Photograph

b) Hindu Undivided Family

Aadhaar/ Proof of application of Aadhaar enrolment of Karta/existing authorised signatories)

PAN/Form 60 (In case of Form 60, one certified copy of OVD* to be submitted) of HUF

PAN/Form 60 (In case of Form 60, one certified copy of OVD* to be submitted) of Karta /existing authorised signatories)

Declaration from the Karta and Joint Hindu Family letter signed by all the adult holders as per format Annexure 2 attached

Recent Photograph of Karta/authorised signatories

FATCA Declaration which is part of the account opening form