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 May 25, 2017

Term in
(% p.a.)
TDS Free Limits
Normal Sr. Citizen
12-60 6.75% 74,000 71,000
61-120 6.50% 76,000 73,000

Minimum Amount in Rupees : 20,000/-

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