Monthly Interest Deposit (MID)

Particulars Details
Period of Deposit 1 Year to 10 Years
Minimum Amount of Deposit Rs. 5,000/-
Additional Interest (Senior Citizen) 0.75%
Benefits Monthly Interest
Interest Payment Simple Interest
Pledging of Deposit Allowed
Premature Withdrawal Allowed
Auto-renewal Facility Available

Important Deposit Information

  • Maturity amount is subject to tax deduction and its impact on interest.
  • Conditions apply.