Deposits under the GRUH Monthly Income Plan are accepted in multiples of 1000/- for a term ranging from 12 to 120 months. Advance monthly interest warrants for interest are given for each financial year. The interest warrants are dated the 1st of the succeeding month & 31st March. The minimum amount under this scheme is 20,000/-.

New Deposit Rates Effective October 18, 2018

Term in
Months
ROI
(% p.a.)
TDS Free Limits ()
Normal Sr. Citizen
12-24 7.25% 68,000 66,000
25-60 7.50% 66,000 64,000
61-120 7.75% 64,000 62,000

Minimum Amount in Rupees : 20,000/-

0.25% additional on Deposits received from Senior Citizens (60 years and above), Trust Depositors & GRUHINIs