National Credit and Commarce Bank Limited

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Any individual person, businessman, firm, limited companies, local bodies, corporation, corporate bodies etc. can open a Special Deposit Scheme A/c with NCC Bank Limited. Special Deposit Scheme A/c is a term deposit of 3 (Three) years and interest is payable on monthly basis. Special Deposit Scheme is 100% term deposit and account holder can withdraw his/their deposits (Principle amount) after expiry of maturity of deposit.

• In case of premature encashment of Deposit before completion of one year, depositor will not be entitled to get dividend/interest, so amount of dividend /interest paid earlier shall have to be realized from the principal amount.
• In case of Lending against pledge of SDS Receipt, interests at the rate of 15.60% have to be charged against loan outstanding.This interest rate is fixed and applicable in all cases without further consideration.
• Monthly dividend may be paid in cash or transferred to SB/CD a/c of the depositor as per instruction.

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