What is the maximum limit to invest in MIP/MIS plan in banks? Can I invest INR-5 CR for the MIP plan?

Banks will accept such a large amount. If need be you can break it into multiple deposits. But the real question is, do you want to invest in such a Bank Income Fixed Deposit scheme and incur the huge taxes and lesser returns?

A better investment strategy for you would be to leverage debt mutual funds in a staggered manner so that your withdrawals are highly tax efficient. This can be done through laddering and you may contact us for more information.

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