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Navarathnamala Recurring Deposit Account

  • Installments can be remitted for 36 / 48 / 60 months
  • Account can be opened for either 60 months with 36 months installments or 120 months with 36 / 48 / 60 months installments
  • A unique mixture of monthly savings and reinvestment plans
  • Lump Sum repayment of Rs. 10,000, Rs. 20,000, Rs. 30,000, Rs. 50,000 & Rs. 1,00,000 etc
  • Scheme is also open to Non Resident Individuals. NRE accounts are fully exempted from the provisions of TDS
  • A single person / entity can open any number of Navarathnamala accounts
  • Premature closure is allowed subject to penalty
  • Nomination facility is available
  • Standing Instruction / ECS facility available
  • Loan against the deposited amount is available. Further, the deposit amount can also be offered as security for other credit facilities