Under this scheme the depositor shall deposit every month a specified amount for a specified period in order to receive minimum of Rs. 1.00 lac on the date of maturity. The following table provides the details of amounts to be deposited every month, interest rate and maturity period under the two categories viz., general and Senior citizens.
Scheme regulated as per Section 80C of the I.T. Act 1961.
A Scheme with interest on interest(Cumulative interest) for higher rate of returns.
Deposits are accepted from 30 days to 10 years. Interest will be paid at regular intervals (monthly/ quaterly/ half-yearly ) according to your choice.
Deposit automatically renewed for every 30 days without submitting deposit receipt. (Good returns for short term deposits).
Small regular savings that grow into a lumpsum amount.
A small deposit today growing into lumpsum on maturity.
A combination of Recurring Deposit and Mahesh Cash Certificate.
