Madhuram Schemes
  Pension Plan
  Fixed Deposit Plan
  Recurring Deposit
  Monthly Income Scheme
  CRD Plan
 
 
 

Monthly Income Scheme:

Monthly Income Plan (For Investment of Rs. 10000):

Period Rate of Interest Monthly Quarterly
12 month 10.5 86.73 262.5
24 month 11 90.83 275
36 month 11.5 94.91 287.5
48 month 11.5 94.91 287.5
60 month 12 99 300

 

Terms and Conditions:

1. Minimum MIP would be or Rs. 10000 

2. Loan Availible up to 75% of Total Deposit.

3. Rate of Interest on loan against Deposit would be 5% higher than applicable rate of Interest

4. No TDS deducted on Interest paid by MADHURAM on deposits.

5. PAYMENT BEFORE MATURITY -

  • 1 year Plan - Not Allowed
  • 2-5 year Plan- After 1 year, one can go for premature payment facility. In this case the Calculation of interest on premature payment will be applicable as per saving a/c’s rate of interest and already paid interest amount will be deducted from the principal amount.
 
 
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