Monthly Income Scheme Accounts (MIS)
Period during
which opened |
Minimum
Amount of
Deposit (in Rs.) |
Maximum
Amount of
Deposit (in Rs.) |
Rate of
Interest
per annum |
Interest Payable
on
Minimum
Deposit (Rs.) |
| From |
To |
| 15.08.1978 |
20.07.1988 |
5000 |
1,00,000 |
12 |
50.00 |
| 21.07.1988 |
23.04.1992 |
5000 |
2,00,000 |
12 |
50.00 |
| 24.04.1992 |
31.05.1993 |
5000 |
2,00,000 |
14 |
58.35 |
| 01.06.1993 |
01.09.1993 |
6000 |
2,04,000 |
14 |
70.00 |
| 02.09.1993 |
31.12.1998 |
6000 |
2,04,000 |
13 |
65.00 |
| 01.01.1999 |
14.01.2000 |
6000 |
2,04,000 |
12 |
60.00 |
| 15.01.2000 |
31.01.2000 |
6000 |
2,04,000 |
11 |
55.00 |
| 01.02.2000 |
17.07.2000 |
6000 |
3,00,000 |
11 |
55.00 |
| 18.07.2000 |
28.02.2001 |
1000 |
3,00,000 |
11 |
9.167 |
| 01.03.2001 |
28.02.2002 |
1000 |
3,00,000 |
9.5 |
7.917 |
| 01.03.2002 |
28.02.2003 |
1000 |
3,00,000 |
9 |
7.5 |
| 01.03.2003 |
onwards |
1000 |
3,00,000 |
8 |
6.66 |
 |
Where the monthly interest contains part of a rupee and if such part is 50 paise or more, it should be increased to one complete rupee and if such part is less than 50 paise, it should be ignored.This is with effect from 18.07.2000. |
|
Maximum amount that can be deposited in case of joint accounts is double that can be deposited in single accounts. |
|
Premature closure allowed after expiry of one year on deduction of 5% of deposited. No such deduction is made if the account is closed after three years from the date of opening of such account. |
|
10% bonus admissible after expiry of six years from the date of opening. |
India Vikas Patra (IVP)
| Period during which purchased |
Maturity period |
Maturity Value |
| From |
To |
| 19.11.86 |
31.03.87 |
Five Years |
Same as
Denomination |
| 01.04.87 |
29.02.88 |
Five Years and six months |
| 01.03.88 |
01.09.93 |
Five Years |
| 02.09.93 |
31.12.98 |
Five Years and six months |
| 01.01.99 |
15.07.99 |
Five Years |
6 Years NSC VIII Issue
| Period during which purchased |
Maturity Value for a
Denomination of Rs. 1,000.00 |
| From |
To |
| 08.05.1999 |
31.12.1998 |
Rs. 2015.00 |
| 01.01.1999 |
14.01.2000 |
Rs. 1956.00 |
| 15.01.2000 |
28.02.2001 |
Rs. 1901.00 |
| 01.03.2001 |
28.02.2002 |
Rs. 1745.00 |
| 01.03.2002 |
28.02.2003 |
Rs. 1695.00 |
| 01.03.2003 |
Onwards |
Rs. 1601.00 |
|
