"NIC Super Deposit" a term deposit with a never heard interest rate of up to 9% p.a. bundled with flexibility of a savings account, is an innovative product developed by NIC Bank with simplified operational procedures. This unique product offers you an investment opportunity, allowing you to earn high returns on your savings today and at the same time allowing you to use it in case of need.
Features
- Tenor of 3 years or 5 years
- Interest rate of 8% p.a. for 3 years and 9% p.a. for 5 years.
- Chequebook will be provided for withdrawal at any time in case of need along with the fixed deposit receipt.
- Savings account can be opened with balance of only Rs 500 with free debit card. Family members of the account holders can also enjoy this facility.
Individuals
- Duly filled application form
- 2 copies of Passport size photograph
- Copy of Citizenship Certificate/ Passport/ Driving License or Voter's ID
- Duly filled application form
- Firm registration certificate and copies of PAN/VAT registration and partnership deed in case of partnership firms
- Firm registration certificate and copy of PAN/VAT registration in case of proprietorship firms
- 2 copies of passport size photograph of account operators
- Copy of citizenship certificate/ passport/ driving license or Voter's ID
- Company registration certificate, MOU and MOA, board resolution for account operation and photocopy of PAN/VAT registration in case of company.
