Monthly Income
| Period | Rate Of Interest (in %) | Monthly Income on Rs/- 10000/- Ivested (in RS/-) |
|---|---|---|
| 12 months | 10.00 | 83 |
| 24 months | 10.00 | 83 |
| 36 months | 11.00 | 92 |
| 48 months | 11.50 | 96 |
| 60 months | 12.50 | 104 |
| 72 months | 12.50 | 104 |
| Period | Rate Of Interest (in %) | Monthly Income on Rs/- 10000/- Ivested (in RS/-) |
|---|---|---|
| 12 months | 10.00 | 83 |
| 24 months | 10.00 | 83 |
| 36 months | 11.00 | 92 |
| 48 months | 11.50 | 96 |
| 60 months | 12.50 | 104 |
| 72 months | 12.50 | 104 |
Interest rates effective from 1st July, 2015
A monthly income scheme can be thought of as a budget for a retirement income. Rather than reaching retirement and spending your nest egg by making random withdrawals of varying amounts, a monthly income scheme can ensure you receive a stable amount of funds each month to spend, which limits the risk of over-spending. In this regard, an MIS is similar in many ways to an annuity.