Monthly Income Scheme
Monthly Income Scheme
This plan is for those who want regular income.Under this plan any individual,housewife,retired person from service or business can earn the interest amount according to the following table by depositing their lump sum amount in monthly income scheme. In this scheme the on monthly basis which can be in cash or bank.
Terms & Conditions:
- Minimum Monthly Income Scheme would be of Rs-1000/- and further in multiple of Rs-1000/-.
- No TDS deduction on interest paid by MUN on deposits.
- The Special Monthly Income scheme is applicable only for senior citizens, women and Govt.employees and for pensioners.
- The monthly interest for deposit will be transferred to the saving account of the customer or member.