Eligibility :
Any Resident Individual - Single Accounts, Two or more individuals in Joint Accounts, Illiterate Persons, Blind persons, Purdanasheen Ladies, Minors, Associations, Clubs, Societies, etc. Trusts, Institutions/Agencies specifically permitted by the RBI eligible to open a “Naini Super Fixed Account" in single/joint name/s.
Features:
The sweep in unit will be of 31 days.
The sweep in unit value will be of Rs.10,00,000/-
In unit liquidation process will be Last In First Out.
Tax is deducted at source, from the interest on Naini Super Fixed, as applicable, as per the Income Tax Act, 1961.
Nomination facilities are available