Thirumagal Thirumana Thittam
KVB's Tirumagal Tirumana Thittam (TTT), is a long tem investment plan which helps you to plan for your long term financial requirements like children's education and daughter's marriage.
Features
- Can be opened by Individuals, HUF, Trust, Partnership firms, Companies, Associations etc.
- The principal along with interest is payable on maturity.
- Compound Interest is calculated on Cumulative balance.
- Interest is re-invested along with principal.
- Nomination facility is available
- Loan available on deposit
- Premature closure is allowed, subject to the applicable norms
Terms and conditions
- Minimum Amount that can be invested is Rs.100/- and there is no restriction on the maximum amount.
- The reinvestment of interest is subject to TDS.
- Deposit will not be accepted /opened for a period in combination of months and days.
- Deposits will be accepted / opened for a minimum period of 6 months and in multiples of 3 months period subject to a maximum of 10 years.
