Speacial Term Deposit

Term Deposite
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

Term Profit Rates
1 Year 9.00% Annually at Maturity
2 Year 9.40% Annually at Maturity
3 Year 9.80% Annually at Maturity