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Consistent earnings every month from your fixed deposit.
A Monthly Interest Deposit is a fixed deposit scheme designed to provide you with a steady monthly income. Instead of waiting until maturity, you receive interest payouts every month, making it ideal for retirees, homemakers, and anyone seeking regular returns.
This deposit option ensures capital safety while giving you the convenience of consistent cash flow from your invested amount. The principal remains untouched until maturity, while interest is credited monthly to your linked account.
Choose your deposit tenure and enjoy guaranteed, hassle-free monthly interest with flexible reinvestment or withdrawal options at maturity.
| Monthly Interest Deposit Scheme (per 1 lakh / Month) | |||
|---|---|---|---|
| Deposit Duration | General Interest Rate% | Senior Citizen Interest Rate% | Super Senior Citizen Interest Rate% |
| 1 year to Lessthan 2 years | 8.00% (₹ 660/-) | 8.50% (₹ 700/-) | 8.50% (₹ 700/-) |
| 2 years to Lessthan 3 years | 8.15% (₹ 675/-) | 8.65% (₹ 715/-) | 8.65% (₹ 715/-) |
| 3 years to Lessthan 4 years | 8.25% (₹ 685/-) | 8.75% (₹ 725/-) | 8.75% (₹ 725/-) |
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Senior citizens get an additional 0.50% interest only on 1 year and above deposits. An additional 0.25% interest is provided on deposits above ₹15 lakhs. |
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The minimum deposit required is ₹10,000/-.
Interest is credited monthly to your linked savings account.
Yes, premature withdrawal is allowed but may result in reduced interest rates and charges.
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