Navashakthi Special Fixed Deposit
Navashakthi Special Fixed Deposit is a special fixed deposit suited for long-term investors. It fetches a maximum Interest of 12.50% for deposits of more than five years.
Terms & Conditions
- The minimum Term Deposit is Rs. 10,000 for a period of one year.
- Interest is annual compounding.
- No TDS shall be made for Members of NavaShakthi Souhardha Credit Co-Operative Limited.
- Navashakthi Special Fixed Deposit is not transferable.
- Pre-closure is allowed subject to the applicable rate of Interest minus 2%.
- Depositors can avail a loan against Navashakthi Special Fixed Deposits.
- In case of the death of the customer, the NTD will be automatically transferred to the Nominee as per the mandate.
- Interest is payable monthly, quarterly and yearly depending on the term agreed.