What are the key features and benefits of Nivesh CBBF account?
Nivesh CBBF account, is a goal based flexible recurring deposit with SBM Bank, India powered by PayNearby.
Customer account is opened with SBM Bank, India from your shop.
Customer can deposit & withdraw cash from your shop without visiting the bank.
Customer gets the flexibility to deposit any amount more than Rs 500 any time into their Nivesh CBBF account.
Customer earns interest rate of up to 5% annually on the amount maintained with the bank.
Customer can withdraw the amount from their Nivesh CBBF account, in case of an emergency. They receive 1% less interest if withdrawal is after 3 months, before the term period. Customer has complete access to the principal amount and interest earned.
Customer can save for their desired goal and you can track the amount in your app and through SMS. They will also get access to a web page, on which they can login to check the status of their account.
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