Cumulative Fixed Deposit

Minimum Balance 10000

Interest Rate 10.054%

Tenure 12 Months

Minimum Balance 10000

Interest Rate 10.054%

Tenure 12 Months

CFD offers the convenience of both saving & fixed deposit allowing you to make multiple deposits and help you build your savings bit by bit.

Minimum deposit to initiate the scheme is equal to or greater than Rs.10,000/-
Deposit Tenure: 1 year
Interest rate will be published separately for the respective tenure and the rate of already opened CFD will remain fixed till its maturity.
After initial deposit, any amount can be deposited before maturity.
Interest calculation will be made on daily closing balance.
No limitation on maximum cumulative deposit amount.
Interest payment will be made on quarterly and upon maturity.
Pre-mature withdrawal or cancellation of CFD account prior to maturity date not permitted.
Loan against cumulative fixed deposit scheme is guided by the existing fixed deposit scheme.
Debit transactions are restricted in CFD accounts.
For top-up, customer induced transactions are allowed through NabilNet/ Nabil SmartBank.
For top-up, interbank fund transfer allowed through alternate channels (Mobile and Internet Banking, connect IPS, clearing).
Over the counter service and intra-bank fund transfers are allowed.
Saving account tie up through Standing Instruction (SI)** is allowed without charge.
Interest on CFD and interest tax thereon will be transacted in the nominee account.
Upon maturity, principal amount will be credited in the same nominee account.
No further transactions are to be allowed after maturity date in CFD accounts.