Minimum Term Deposit is Rs. 10,000 for a period of one year.
Interest is annual compounding.
No Term Deposit shall be made for Members of NavaShakthi Souhardha Credit Co-Operative Limited.
Term Deposit is not transferable.
No pre-closure is allowed for deposits less than three years.
Depositors can avail a loan against Term Deposits.
In case of the death of the customer, the Term Deposit will be automatically transferred to the Nominee as per the mandate.
Interest is payable monthly, quarterly and yearly depending on the term agreed.