This account caters to customers who want to keep funds locked away for a fixed term; ranging from 1 month to 1 year.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 of Speacial Term Deposit
||9.00% Annually at Maturity
||9.40% Annually at Maturity
||9.80% Annually at Maturity