Monthly Income Account

Government of India · Public schemes

Rate a year: 7.40%

Facts read on · Source

The facts

Term
5 years
Deposit
₹1,000 to ₹9 lakh (₹15 lakh joint)
Tax
Interest taxed

Worth knowing

Interest is paid every month. The account runs five years and can be closed early after one year, with a deduction.

Rate history

Rates are added, never edited, so earlier rates stay on this page.

  1. : 7.40% · 60-month term

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