- 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.