This account caters to customers who want to keep funds locked away for a fixed term; ranging from 1 month to 3 years. NRSP MFBL is a Bank for the Poor, but targets the medium size segment as well for deposit generation. Thus this is a standardized profitable scheme & offers one Rate Sheet for all deposits (with rates varying for different tenors).Additionally, lending against Term Deposits will also be allowed against a certain minimum deposit volume.
Features
| Account Type | Time bound, Profit Bearing Fixed Term Deposit |
| Eligibility | All Pakistani Nationals with Valid CNIC. Positive KYC/AML checks and account holders of NRSP MFBL |
| Minimum Requirement | Rs. 1000/- and thereafter multiples of Rs. 1000/- |
| Maximum Limit | No Limit |
| Rollover of Term Deposit | Rollovers allowed at maturity, as per client’s request |
| Premature withdrawals | Profit will be paid according to bank policy if customer fail to complete TDR total tenure. |
| TDR Normal Rates | Click Here for Profit Rates |
