Mustakbil Term deposit offers an increasing rate of interest with longer periods of deposit. Your money remains safe and secure with an option of easy liquidity without pre-mature penalty.
- Minimum investment of R.s 5,000/-.
- Instruments will be issued in multiples of R.s 1000/-.
- Profit will be paid on maturity in customer's account maintained with the bank.
- Term Deposit may be fixed for 6 Months, 12 Months, 2 Years, 3 Years, 4 Years 5 Years.
- *No penalty for premature payment will be levied in case of premature payment of deposits
- Profit payment is subject to tax deduction.
* In case of Pre-mature encashment of instrument, rate of previous term completed will be applicable.
Indicative Rate of Profit
As per SOBC