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Navarathnamala

our monthly investment plus reinvestment plan
Navarathnamala - our monthly investment plus reinvestment plan

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. Accounts can be opened for a period of 120 months.

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/-, Rs. 20,000/-, Rs. 30,000/-, Rs. 50,000/- and Rs. 1,00,000/- etc.
  • Installments should be remitted for a period of 36 / 48 / 60 months.
  • Accounts can be opened for a period of upto 120 months.
  • 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.

Monthly Investment Value Calculator:

In Navarathnamala Scheme, a monthly deposit of Rs. 95.00 at 7.50% p.a. compounded quarterly interest rate for 60 months will give you a maturity value of Rs. 10,000.00 at the end of 120 months. The Effective Annualized Returns works out to 7.714% p.a. This interest rate is applicable from Feb 19, 2010 and is subject to change without notice.

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