Invest a lump sum once and receive a fixed income directly to your account every month. Galaxy Multistate Co-operative Society's Monthly Income Scheme (MIS) is designed for senior citizens, retirees, and homemakers in Phaltan who want financial independence.
The Monthly Income Scheme (MIS) works like a fixed deposit - but instead of receiving interest at maturity, your interest is credited to your savings account every month. This creates a reliable, predictable stream of monthly income.
It is the ideal plan for anyone who has accumulated savings and wants those savings to generate a steady monthly income - without touching the principal.
| Profile | Why MIS is Ideal |
|---|---|
| Senior Citizens | Regular monthly income without managing investments |
| Retirees | Replace monthly salary with predictable deposit income |
| Homemakers | Financial independence with a fixed monthly payout |
| Farmers (off-season) | Supplement income during lean months |
| Anyone with lump sum savings | Put idle money to work - earn every month |
Visit Galaxy Multistate Co-operative Society, Phaltan branch.
Decide your deposit amount based on your desired monthly income.
Submit PAN card, Aadhaar card, and 1 passport-size photograph.
Make your lump sum deposit to activate the scheme.
Receive your monthly income every month - directly to your account.