Getting a guaranteed monthly income is an important goal for people, especially retired senior citizens. Bank of Baroda Monthly Income Plan is a fixed deposit plan that pays monthly interest to give you a fixed income every month to meet your expenses. You can invest funds that are lying idle in a regular monthly income plan that will provide a degree of income certainty every month.

One benefit of a monthly income plan in banks is that it provides a fixed monthly income. Depending on the amount deposited, the monthly income will vary. But investing in a monthly income plan fixed deposit, is a better use for idle cash. The income is guaranteed for the duration of the deposit which brings financial certainty