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28th October 2017, 12:19 PM
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Join Date: Aug 2012
Re: National Housing Bank Voluntary Deposit Scheme

National Housing Bank (NHB), a wholly owned subsidiary of Reserve Bank of India (RBI), was set up on 9 July 1988 under the National Housing Bank Act, 1987. NHB is an apex financial institution for housing.

The Information About the NHB SUNIDHI Term Deposit is given below

NHB SUNIDHI Term Deposit Scheme: It is a term deposit scheme for Individuals/HUFs/Partnerships/Societies & Trusts & Association of persons. The minimum deposit in the scheme is Rs. 50,000 with a maturity period ranging from 12 months to 60 months.

Deposit Amount: Minimum of Rs. 50,000 and higher in multiples of Rs. 10,000/-.
Who can deposit: Individuals / HUF / Societies / Trusts / Partnership Firms /Association of Persons

Interest option under the Scheme: Cumulative Interest Option / Non- Cumulative Interest Option.

Premature Withdrawal option: Premature encashment is available (subject to certain conditions).

Nomination: Available

Interest Rates

Duration of Deposit All Others
Interest Rate (%) Annualised Return (%)
12 Months 9.5 9.84
24 Months 9.5 9.84
36 Months 9.25 9.58
60 Months 9.25 9.58

For Senior Citizen

Duration of Deposit
For Senior Citizens Interest Rate (%) Annualised Return (%)
12 Months 10.1 10.49
24 Months 10.1 10.49
36 Months 9.85 10.22
60 Months 9.85 0.22


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