National Housing Bank launches three fixed deposit schemes

Apex housing financial institution National Housing Bank (NHB) on Thursday launched three fixed-deposit schemes, including a 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.

Source:Economictimes