Monthly interest income
Monthly Income Deposit
Deposit once and receive fixed interest every month.
Interest rate
up to9.25%
per year
Senior citizens: +0.50% on * rates
- Interest rate
- Up to 9.25%
- Interest paid
- Every month
- Period
- 1 to under 4 years
- Senior citizens
- +0.50% extra
+0.50% extra
Rates can change
Deposit a lump sum in this scheme and receive a fixed interest income every month. Senior citizens can easily cover monthly household and medicine costs from this interest. The monthly interest is credited to your savings account, or to your account in another bank through NEFT. Rates on this scheme have always been high.
Who is this for?
- Senior citizens and retired people who need a monthly income.
- People who need a regular amount for household or medicine costs.
- People with a lump sum, such as retirement money.
How does it work?
- Visit a branch, fill in the deposit form and tell us which account should receive the interest.
- Deposit a lump sum and choose the period.
- Every month the interest is credited to your savings account or other bank account (NEFT).
- When the period ends you get your original amount back.
Features & benefits
- Fixed interest income every month on a lump-sum deposit.
- Interest credited monthly to your savings account, or another bank account through NEFT.
- Helps senior citizens cover monthly and medicine expenses.
- Rates on this scheme are always high; senior citizens get 0.50% extra on starred rates.
- ‘Parijat Monthly Income Scheme’, a special 9.25% rate for 25 months.
Rate table
1 year to under 2 years
7.50%*
Senior citizen rate8.00%
2 years to under 3 years
8.25%*
Senior citizen rate8.75%
3 years to under 4 years
8.50%*
Senior citizen rate9.00%
Parijat Monthly Income Scheme
25 monthsHighest rate
9.25%
* Senior citizens, disabled persons, widows, ex-servicemen and housing societies get 0.50% extra interest on the starred (*) rates. Rates can change from time to time. · Rates as published on 15 September 2026
Work it out yourself
Enter the amount, rate and period to instantly see what you will receive or what your instalment will be.
= 2 years 1 month
Interest every month
₹771
9.25% · 2 years 1 month
- Total interest over the period
- ₹19,271
- Your deposit is returned at the end
- ₹1,00,000
This is an estimate. Actual amounts may differ slightly as per the society's rules. Please confirm at your branch.
Monthly Income Deposit
Enquiry form
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