To encourage long term deposits from customers, the NFL has launched a new deposit product called NFL Millionaire Deposit Scheme at competitive rates. The NFL Millionaire Deposit Scheme is designed to meet customer demand for a deposit which meets a predetermined target amount.

Comparative chart of different periods:

• The amount of monthly deposit is to be made within 10^th day of every month;
• In case of default of monthly installment in any month, deposit may be made with the installment of the following month;
• In case of default of monthly installment thrice during the deposit term, the A/C will be closed automatically;
• Penal interest will be applicable for per Default installment @5% of instalment amount;
• Closed Account may be reopened subject to approval of management by paying previous installments and penal interest at a time;
• Tax will be deducted at source as per income tax regulations;

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