The Monthly Income (MI) is a unique scheme where members can invest lump sum amount and get returns every month till the end of the tenure after adding a special interest rate.

1. Adarsh Credit Co-operative Society
Monthly Income

2. Monthly Income
• The Monthly Income (MI) is a unique scheme where
members can invest lump sum amount and get returns
every month till the end of the tenure after adding a
special interest rate.
• Special Interest Rates
• 0.50% additional interest for women on fixed deposits
• 1.00% additional interest for senior citizens (members
above 50 years in age) on FD

3. Interest rate
PERIOD (IN MONTHS)
RATE OF INTEREST (IN % PER
ANNUM)
MONTHLY INCOME ON ₹ 10,000
INVESTED (IN ₹)
12 8.50 70.83
24 8.50 70.83
36 9.00 75.00
48 9.00 75.00
60 9.50 79.17
72 9.50 79.17

4. What is the tenure of Monthly Income
• Our Monthly Income Scheme is available with various
tenures like 1 year, 2 years, 3 years, 4 years, 5 years and a
maximum tenure of 6 years.

5. What is the minimum investment
amount for Monthly Income?
• The minimum amount of investment is Rs. 10,000 for
Monthly Income Scheme and after that, one can invest in
multiples of Rs. 1,000 in this product.

6. How much interest can a member earn
in Monthly Income?
• The interest rate of the product are as follows:-
• 1 Year – 8.50% Yearly
• 2 Years – 8.50% Yearly
• 3 Years – 9.00% Yearly
• 4 Years – 9.00% Yearly
• 5 Years – 9.50% Yearly
• 6 Years – 9.50% Yearly

7. Is there any facility for prematurity in
Monthly Income?
Members can premature this deposit as per following rules:-
• (A) MIS for 01 Year:- The member can get prematurity
after 06 months
• (B) MIS For 02 Years:- The member can get prematurity
after 12 months
• (C) MIS For 02 To 06 Years:- The member can get
prematurity after 24 months
(The interest paid monthly will be recovered)

8. Is there any other facility for loan in
Monthly Income?
Yes! Loan facility is available against Monthly Income
Scheme. Members can avail maximum 60% loan against
their investment amount. Interest rate will be applicable as
per rules of the Society.

9. Are there any special benefits in the
rate of interest for women and senior
citizens?
• Yes! A special benefit of 0.50 % for women and 1% for
senior citizens on basic rate of interest is given. If a
woman is also a senior citizen, then she can get only one
benefit.

10. Are the value date and maturity dates
included in the interest calculation?
• Inception date is included while maturity date is not
included for interest calculations.

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