All the banks in India provides this facility where you can withdraw interest on monthly basis.
At the time of opening mention there that you want the opt plan where monthly interest gets credited to the bank account.
Generally monthly incoms scheme will pay you monthly its in bank you can ask for either monthly or quaterly, half yearly and yearly interest options
Hi
I want to start a Fixed Deposit and want to withdraw earned interest amount at the end of each month. So original amount will remain same even after withdrawing interest and I will earn same amount of interest every month.
Is it possible to do that ?
Is there any bank that has this kind of FDs? if yes, please reply with bank name too
Does tradition FDs give you interest per month and deposit them into your account?
Do they also provide Next month's interest on ( Original Amount + Interest Earned last month)?
No Jokes please. Serious Reply Only.
Thanks in advance.
