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MISMonthly Income
Monthly Income Scheme
Current interest rate
7.4% p.a.
Rates valid for Q3 2026-27 (Oct-Dec)
An investment scheme offering fixed monthly income, ideal for retirees or conservative investors seeking regular cash flow.
Key details
- Minimum deposit₹1,000
- Maximum deposit₹9,00,000 (Single) / ₹15,00,000 (Joint)
- Tenure5 Years
- CompoundingMonthly payout
- Tax benefitsNone
Features and benefits
- Fixed monthly income
- Premature closure allowed with penalty
- Safe and secure
Tax & inflation view
Tax regime
- Tax saved via 80C (total)
- ₹0
- Tax on interest
- -₹37,000
- Post-tax value
- ₹6,48,000
- In today's money
- ₹5,07,725
Estimate only. Excludes surcharge and cess; interest is taxed in the year it accrues.
MIS calculator
5 lakh
₹1K₹9L
Duration (years)
5 years Fixed tenure
Total invested
₹5,00,000
Total interest
₹1,85,000
Total received
₹6,85,000
Monthly income
₹3,083
Principal returned
₹5,00,000
Year-by-year growth
Interest is paid out to you, so the balance stays at your principal.
| Year | Opening | Deposit | Interest | Closing |
|---|---|---|---|---|
| 1 | ₹0 | ₹5,00,000 | +₹37,000 | ₹5,00,000 |
| 2 | ₹5,00,000 | — | +₹37,000 | ₹5,00,000 |
| 3 | ₹5,00,000 | — | +₹37,000 | ₹5,00,000 |
| 4 | ₹5,00,000 | — | +₹37,000 | ₹5,00,000 |
| 5 | ₹5,00,000 | — | +₹37,000 | ₹5,00,000 |
Total received · 5 years
₹6,85,000
Total interest
+₹1.85L