Apex housing financial institution National Housing Bank (NHB) on Thursday launched three fixed-deposit schemes, including a
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tax-saving scheme, which carries interest rate up to 9.25 per cent.
"The funds mobilised would be used by the NHB for its business activities," the NHB said in a release.
Under the NHB Sunidhi term-deposit scheme, the investors will get 9.25 per cent interest for 12 months and 9 per cent interest for up to five years.
NHB tax saving Suvrigdhi will pay an interest rate of 8.75 per cent. The deposit will have a lock-in period of five years.
In addition, NHB has launched Sumeru zero-coupon bonds which will be sold at a discount at Rs 4,360 with a face value of Rs 10,000 that the holder will get after a maturity period of 10 years.
For information visit to: http://www.fixeddepositindia.blogspot.com
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