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.
|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 at 8% for completed number of days (profit will not be applicable in case of encashment within 30 days of booking)|
|TDR Normal Rates||Click Here for Profit Rates|