XLNC - Monthly Income Plan
| XLNC - MONTHLY INCOME PLAN (XMIP) | ||||||
|---|---|---|---|---|---|---|
| ONE TIME DEPOSIT |
12 MONTHS MIP | 24 MONTHS MIP | 36 MONTHS MIP | 60 MONTHS MIP | 84 MONTHS MIP | |
| 8.75% YEAR | 9.50% YEAR | 10% YEAR | 10.50% YEAR | 10.50% YEAR | ||
| 20,000 | 146 | 158 | 167 | 175 | 175 | |
| 50,000 | 365 | 396 | 417 | 438 | 438 | |
| 1,00,000 | 729 | 792 | 833 | 875 | 875 | |
| 2,00,000 | 1,458 | 1,583 | 1,667 | 1,750 | 1,750 | |
| 5,00,000 | 3,646 | 3,958 | 4,167 | 4,375 | 4,375 | |
| 10,00,000 | 7,292 | 7,917 | 8,333 | 8,750 | 8,750 | |
Terms & Conditions
- Minimum XMIP would start with Rs 20,000/- and further multiple of Rs 10,000/-.
- First Monthly income will be paid after 30 days.
Premature Withdrawal Terms & condition
- For 24 month MIP no premature withdrawal before 12 months.
Premature Withdrawal between 13 to 18 month interest of 4.5% p.a only will be applicable , 19th months onwards interest of 5% p.a. only will be applicable. - For 36 months MIP no premature Withdrawal before 18 months.
Premature Withdrawal between 19 to 30 interest of 4.5% p.a only will be applicable , 31st months onwards interest of 5 % p.a. only will be applicable. - For 60 months & above MIP no premature Withdrawal before 30 months.
Premature withdrawal between 31 to 48 months interest of 5% p.a only will be applicable , 49th month onwards interest of 5.5% p.a. only will be applicable. - All paid Interest will be deducted from the Principal Amount.
