Navarathnamala RD
our most popular recurring deposit scheme
Learn more about the best Recurring plus Reinvestment Scheme from TMB.
Its a combination of Recurring & Muthukkuvial Deposits. It offers attractive returns on investments. Installment can be remitted for 36 / 48 / 60 months. Account can be opened for 120 months only.
Further, nomination facility is also available in this scheme. Compound Interest will be provided depending on period of deposit. Loans can also be arranged against this deposit.
Premature Closing is allowed subject to penalties. Facility to auto transfer funds from other operative accounts also available. The maturity Value Chart shows the returns on investment for different periods.
Product Highlights:
- It is a combination of Recurring and Muthukkuvial deposits.
- Lump Sum repayment of Rs. 10,000.00, Rs. 20,000.00, Rs. 30,000.00, Rs. 50,000.00 and Rs. 1,00,000.00 etc.
- Installments should be remitted for a period of 36 / 48 / 60 months.
- Accounts can be opened for a period of 120 months only.
- Nomination facility is available.
- Compound interest is eligible, depending upon the period of deposit.
- Premature closing is allowed, subject to penalty.
- Loans can be obtained against the deposit amount.
- Standing instruction is accepted for the installment transfer from other operative accounts.
Deposit Rate of Interest:
Deposit Maturity Calculator:
A monthly investment of Rs. 79.00 for 60 months (Total Investment Rs. 4,740.00) will fetch interest at 10.00% p.a. compounded quarterly & will give you a maturity value of around Rs. 10,000 at end of 120 months. The Effective Annualized Returns is 10.381% p.a.
Download the Application Form:
