Which is the best Monthly Income Scheme in India?

Question

I am looking for information on the best Monthly Income Schemes offered by public sector banks in India, such as SBI, UBI, and others, specifically those providing the highest interest rates. Currently, I have investments in private companies that offer high interest rates and good monthly returns. However, I am concerned about the risks, as some of these schemes turn out to be unreliable or akin to chit funds. Are there any nationalized banks offering safe Monthly Income Schemes with interest rates close to 14-15% or the highest rates available? Please share details about the safest options with the best returns.

Anonymous · Accepted Answer

Kaushik, presently there are no nationalized bank in India offering the interest you have mentioned. I understand that you want a guaranteed income without any risk and you want a monthly return. Only post office MIS scheme offers guaranteed income but the interest rate is around 8.5%(Check up).

Susanna Towne · Answer

Monthly Income Scheme In Banks

Anonymous · Answer

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RE:
Which is the best Monthly Income Scheme in India?
I want to know which Public Sector banks like the SBI,UBI etc have the highest interest for the Monthly Income Scheme.I currently invested in private companies which have high interest rates and give good monthly returns.But I am scared that these sometimes turn out to be chit funds.Are they any…

Admin Admin · Answer

Post office MIS is good scheme for monthly income.

Anonymous · Answer

In post office a ceiling exists at 4,50,000 for individuals 
Union bank of India has a scheme  for Monthly/quarterly etc with no limit. Interest rate is higher

Anonymous · Answer

best monthly income scheme in india is allahabad bank monthly income scheme @ 12 %

Anonymous · Answer

Now a days it is better to invest in any Nationalised Bank or in any reputed private sector bank  in term deposit with monthly interest paid to your a/c. or any a/c with any bank as per your request.
Public sector banks are also offering good rate of interest for 12 months to 36 months.
You are at liberty to cancel/avail loan at any time. But this type of flexibility service is not available with Post Offices.

Anonymous · Answer

SRS GROUP  MONTHLY INCOME SCHEME  (JITNA LAGAO GE UTNA PAOGE ) 1.5% PER MONTH

Anonymous · Answer

Please suggest best monthly income plan any public sector bank…..

Davon Frami

Which is the best Monthly Income Scheme in India?

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