Monthly Income Scheme

Interest Payment Table (On Deposit of Rs. 10000/-)

Period Rate Of Interest Monthly Income
1 Year 11.00% 91.60/-
2 Year 11.25% 93.75/-
3 Year 11.50% 95.80/-
4 Year 12.00% 100/-
5 Year 12.26% 102/-

Terms & Conditions:-

  • Minimum MIS would be of Rs. 10000/- and further in multiple of Rs.10000/-
  • No TDS Deducted on interest paid by FutureLife Concept Private Limited on Deposits.
  • Special MIS is applicable only for Senior citizens, women, and Govt. employ and for pensioners.
  • Loan available against Deposit up to 75% of deposited amount after one month from the date of deposit.
  • 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.