GLI Monthly Income Scheme (M.I.S.)

Our-Schemes

 
 
 
Interest Payment Table (On Deposit of Rs. 100000/-)

Term % MLY QLY HYLY YLY Maturity Amt
3 Year 8 667 2008 4022 8051 100000
4 Year 10 833 2507 5023 10054 100000
5 Year 12 1000 3010 6030 12070 100000
10 Year 12.26 1022 3070 6150 12311 100000
5 to 10 Year Sr. Citizens 12.60 1050 3160 6331 12673 100000

Terms & Conditions:-

  • Minimum MIS would be of Rs. 100000/-
  • No TDS Deducted on interest paid by Golden Life India on Deposits.
  • Special MIS is applicable only for Senior citizens, women, and Govt. employ and for pensioners.
  • Loan available against Deposit up to 75% of deposited amount after one month from the date of deposit.
  • Rate of interest on loan against Deposit would be 5% higher than applicable rate of interest to your Deposit.

Payment before maturity not allowed for 90 days deposit scheme and Payment before Maturity allowed to other MIS plans, in this case the Calculation of interest on pre-mature payment will be applicable as per savings a/c’s rate of interest and already paid interest amount will be deducted from the principal amount.

 

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