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Fixed Deposit

Min. Age         Min. Opening   Frequency

 18        |           10,000    |     Bi-Annually

NBC NORMAL LIFE  

Fixed Deposit

Did you know that saving is the first step you can take towards investing?
Letting your hard-earned money sit idle in a bank account is not ideal. Invest in a fixed deposit for steady savings, growth and generate inflation-beating returns. Fixed deposits remain the mainstay of India's safest investment options.

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Features & Benefits

Trusted by millions of customers, Shriram Fixed Deposit is the safest investment option with attractive interest rates.
Rated "[ICRA]AA+ (Stable)" by ICRA and "IND AA+/Stable" by India Ratings and Research.

Features

  • Minimum amount - ₹ 1,000 and in multiples of ₹ 100 thereof

  • You can open a fixed deposit for a minimum period of 7 days to a maximum of 10 years

  • Interest payment options - quarterly and at maturity

  • The discounted interest rate for monthly interest pay-out option

  • Premature closure and partial withdrawal facility allowed

  • Can be opened at Centre meetings (upto ₹ 15,000) branch, or through mobile and internet banking

  • The rate of interest paid for fixed deposits varies according to tenure and amount

  • 0.50% p.a. additional rate for Senior Citizens

To view interest rates, click here.

Min. Age         Min. Opening   Frequency

 18        |          40,000    |     Bi-Annually

Regular Fixed Deposits

 

Our aspirations for the future sometimes go on to become special occasions in our lives. Saving for these aspirations is a vital part of preparing for it. Whether it is higher education for your children, saving for a car or investing in property, you always have something to look forward to, something to save for. Our Fixed Deposits gives you the perfect avenue to invest in your future. Allowing greater flexibility with deposit amounts and tenure, the fixed deposit at NBC Nidhi Limited allows you more freedom with your savings.

NBC Nidhi Limited  Bank offers Fixed Deposits (FDs) ranging from 7 days to 10 years. We offer overdraft facility and loan against the value of the FD, which can be repaid in easy instalments. What’s more! Not only this NBC Nidhi Limited FDs pay more interest to our senior citizens and our Senior Citizen customers get a higher interest rate of 0.50% p.a. for any tenure.

Min. Age         Min. Opening   Frequency

 18        |           10,000    |     Bi-Annually

Tax Saver Fixed Deposits

 

Saving for the long term has more than one benefit. While it ensures financial security at the time of maturity of the deposit, It also earns sizeable amount of interest. The Tax Saver Fixed Deposit provides an additional advantage of tax concession based on your deposit. What’s more! You can also opt to receive the interest on a monthly or quarterly basis to provide you with some extra money to spend. Saving for the long term, after all, has its benefits!

NOTE : As per the Term Deposit Scheme, 2006 issued by the Central Government of India , premature withdrawal, partial withdrawal and Loan & Overdraft facility against Tax Saver Fixed Deposit is not permitted.

Features

  • Save on your taxes by availing tax exemption under Section 80C of Income Tax Act, 1961

  • Minimum amount of ₹1000 and maximum of ₹1,50,000 in a FY for a 5-year lock-in-period

  • Only Indian residents and members of Hindu undivided family (HUF) are eligible

  • Interest payment options – quarterly, monthly (at a discounted rate) and at maturity

  • Tax Saver Fixed Deposit is available for resident individuals and HUF only.

To view interest rates, click here.

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