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Monthly Income Scheme

MONTHLY INCOME SCHEME

Financial freedom comes from making the right choices while investing.
This scheme features interest payable at the contracted rate every month, on the fixed deposit which is accepted for any period from 1 year to 5 years. Suitable for investors who want to earn a regular fixed income with guaranteed returns at a certain rate of interest every month. If you’re looking to get monthly income, you can choose the option to get payouts on a monthly basis.

Fixed Monthly Income

Flexible Tenure

Higher Interest Rates

Loan Facility on Your Deposit

Amount/Term 1 Yr.@10.5% p.a. 2 Yr.@11% p.a. 3 Yr.@11.5% p.a. 4 Yr.@12% p.a. 5 Yr.@12.5% p.a.
50,000/- 438 458 479 500 521
1,00,000/- 875 917 958 1,000 1,042
3,00,000/- 2,625 2,750 2,875 3,000 3,125
5,00,000/- 4,375 4,583 4,792 5,000 5,208
7,00,000/- 6,125 6,417 6,708 7,000 7,292
10,00,000/- 8,750 9,167 9,583 10,000 10,417
15,00,000/- 13,125 13,750 14,375 15,000 15,625
25,00,000/- 21,875 22,917 23,958 25,000 26,042

Terms & Conditions:

  • It is mandatory to become a member in Kaushik Laxmi Nidhi Limited to open a M.I.S. Account.
  • It is Mandatory to complete the KYC Norms.
  • Open an account with your choice of period from 1 Year to 5 Years.
  • Interest is paid/credited to the Savings account of the member during the last week of every month.
  • Interest will be calculated on yearly compound basis.
  • Interest amount is subject to TDS deductions as per existing income tax rules.
  • Principal deposit will be given as Maturity Amount to member after minimum term 1 year & maximum term 5 years.
  • Facilities: Loan facility is available against deposits. Nomination facility is available for deposits.
  • Interest rates are subject to change at the sole discretion of the Kaushik Laxmi Nidhi Limited.
  • Kaushik Laxmi Nidhi Limited reserves the right to alter or add to these rules at any time without any notice.