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A monthly Income Scheme (MIS) is an investment scheme that promises the investor guaranteed returns at an interest rate of 12% per annum. These returns can be availed as fixed monthly income.


Monthly Income Scheme (MIS) is an investment scheme of the First Finance Credit Co-Operative Society Limited. It promises the investor guaranteed returns at 12% per annum in the form of fixed monthly income. Seasoned investors consider MIS to be one of the smartest investment plans to park funds as it gives you three merits – keeps your capital intact, yields better returns than debt instruments, and assures a fixed monthly income. 


Key Features of Monthly Income Scheme

  • MIS account is transferable from one branch office to another. The best thing is that it can be done absolutely free of cost.

  • For every deposit, you make a separate account has to be opened. The good thing is that one person can open ‘N’ number of accounts (of course up to the upper limit).

  • The maturity amount realized at the end of the term can be reinvested in MIS.

  • The investor can also appoint a nominee for his/her Monthly Income Scheme account. So, in case of his unfortunate demise, his nominee becomes entitled to get his money.

  • The good news is that there is no TDS (Tax Deduction at Source) here to eat away your capital.

  • The maturity term for MIS starts from 1year. Every month MIS will be posted every month to accounts. At the end of the maturity, you’ll get back every single penny that you had invested. Needless to say, you keep getting your fixed monthly income for this whole period. However, if you have to withdraw the money before Maturity, Penalty and applicable charges will be applied as per society terms and conditions.​

So why wait? Invest with us and get higher returns every month to your bank account directly.

For more details : Contact us now.

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