Which Is The Best Monthly Income Scheme?

Best Monthly Income Schemes to Consider for 2019

  • HDFC Hybrid Debt Fund. This hybrid debt oriented aggressive fund is one of the top Monthly Income Plan in the market.
  • UTI Regular Savings Fund-Regular Plan.
  • Aditya Birla Sun Life Regular Savings Fund.
  • Reliance Hybrid Bond Fund.
  • ICICI Prudential Regular Savings Fund.

Which is the best monthly income scheme in India?

7 Best Monthly Income Plans (MIPs) To Consider For 2019

  1. Aditya Birla Sun Life Regular Savings Fund.
  2. Franklin India Debt Hybrid Fund.
  3. ICICI Prudential Ultra Short Term Fund.
  4. HDFC Hybrid Debt Fund.
  5. ICICI Prudential Regular Savings Fund.
  6. UTI Regular Savings Fund – Regular Plan.
  7. Reliance Hybrid Bond Fund.

Which bank is best for monthly interest?

Interest rates on Monthly Income FD Schemes

Top banks monthly income FD interest rates for senior citizens
BankInterest rateTenure range
Union Bank of India7.25%10 months to 14 months
Federal Bank7.20%1 year
Kotak Mahindra Bank6.98%365 days to 389 days

1 more row

Is there any Monthly Income Scheme in SBI?

The Monthly Income Scheme (MIS) offered by Department of Posts currently offers an interest rate of 7.3 per cent per annum, payable monthly. The interest is paid on a monthly basis commencing from the date of deposit under the Post Office Monthly Income Scheme (MIS).

Which post office scheme is best?

Post Office Saving Schemes: These top 5 will give you high interest – Check key details

  • – Post Office Monthly Income Scheme Account (MIS):
  • – 5-Year Post Office Recurring Deposit Account (RD):
  • – Senior Citizen Savings Scheme (SCSS):
  • – 15 year Public Provident Fund Account (PPF):
  • – Sukanya Samriddhi Accounts:

Is there any monthly income scheme in LIC?

The investor can invest money in a fixed deposit in a bank for a certain duration and earn interest on the same. LIC has launched this pension plan. Post Office Monthly Income Scheme is a post office investment scheme that gives an assured monthly income.

How many years FD will double in post office?

Time deposit accounts have a tenure ranging from 1 year to 5 years. Depositors can open any number of FD accounts in any of the post offices. Minors aged 10 years or more can open and manage these accounts as well. Minors have to apply to get the account converted in their name after they become 18 years old.

Can I get monthly interest on FD?

Yes, you can withdraw the interest of Fixed Deposit on a monthly basis. When you invest your money in FD, you get interest on your principal amount. This interest can be obtained after maturity of fixed deposit or even before that on a monthly, quarterly, half-yearly or annual basis.

What is the interest of 1 lakh in SBI?

SBI Long-term Deposits

Interest rate ranging from 6.60% p.a. to 6.85% p.a.

Which bank pays highest interest?

Which Banks offer the Highest Recurring Deposit Interest Rates in India?

  1. Deutsche Bank gives 8.00% p.a.
  2. For 1-year tenure, Lakshmi Vilas Bank offers the highest returns, at 7.75% p.a., followed by IndusInd Bank at 7.60%.