- Minimum opening balance Rs 2500/-
- Maturity period, Maximum of 3 years
- Minimum monthly deposit Rs 500/-
- Minors receive cakes on their birthday
- Parents/guardian is to have an account with NIBL and from their account the money will be transferred to this account through Standing Instruction.
Other Services
- Personnel Accidental Insurance upto RS 50000/-
- Free ABBS
- eBanking service
- Free Standing Instruction service
After Maturity
After the maturity of this account, the account can be either transferred to Normal saving or E-zee saving on account holder’s request.
Loan eligibility
After 2 years of account operation, account holder is eligible for 80% loan on the total deposit, and the interest will be charged according to the present market rate.
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Withdrawal before maturity
If withdrawal is made before the maturity, the account holder will get only 2.75% interest on the total deposit.
Monthly Minimum balance not deposited
If deposit is not made for 3 months in a row then the account will be transferred to a Normal Saving Account.
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