National Housing Bank (NHB) is a statutory organization that was established on July 9, 1988. It is the apex level financial institution for the housing sector in the country and a wholly owned subsidiary of the Reserve Bank of India.
NHB is offering three deposit schemes at attractive rates of interest.
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.
The below interest rates are effective from October 31, 2011
NHB SUNIDHI Term Deposit Scheme | ||||
Duration of Deposit | All Others | For Senior Citizens | ||
Interest Rate (%) | Annualised Return (%) | Interest Rate (%) | Annualised Return (%) | |
12 Months | 9.5 | 9.84 | 10.1 | 10.49 |
24 Months | 9.5 | 9.84 | 10.1 | 10.49 |
36 Months | 9.25 | 9.58 | 9.85 | 10.22 |
60 Months | 9.25 | 9.58 | 9.85 | 10.22 |
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