• K5,000 minimum balance
• No limits to the maximum balance
• Investment by the member is drawn from the Poro Account only
• Upon maturity, members have the option to Roll over or Close Off deposits
• Roll-overs are permitted to deposit additional funds for reinvestment at new nominated term and applicable rate
• Before maturity of a term deposit, member will be notified via the agreed and elected communication channel
• Members may choose between a term of 1 month and 5 years. Interest crediting options will remain unchanged until maturity

Withdrawals

• Break Should a member opt to withdraw their term deposit prior to maturity of the term deposit, all interest accrued and due to that term deposit will be forfeited and principal returned to member’s Poro account. There will be no penalty fees applicable
• Close – Withdrawal when the TD account has fully matured. Both Principal and Interest are paid into the members’ Poro Account. Alterations On establishment of a NCSL TD account, the member is not allowed to make any changes to the existing conditions of the term deposit
• Calculation and Payment of Interest – Interest is calculated at the agreed fixed rate for the applicable term of member’s deposit and applied to the principle at maturity

• None

To apply for Term Deposits, please click here to download the form and have it completed and submitted with a valid copy of your ID at any NCSL branches or email it to our Call Centre on callcentre@ncsl.com.pg

To apply for term deposits, complete the application online or submit with a valid copy of your ID at any NCSL branch near you or email it our call centre at callcentre@ncsl.com.pg

• What is the minimum amount to deposit?
  The minimum opening balance is K5,000.00 
• What is the maximum amount to deposit?
  There are no limits to the maximum balance
• What are the terms of deposit?
  Members can choose between a term of 1 month and 5 years. On establishment of the term deposit, the initially agreed rate, term, and interest crediting options will remain unchanged until maturity
• What is the interest rate paid?
  Rates are subject to change depending on economic environment
• How is the interest calculated?
  Interest is calculated at the agreed fixed rate for the applicable term of member’s deposit and applied to the principle at maturity. 
• How often is interest paid to a member’s term deposit?
  Interest is paid on monthly basis 
• Can I use my term deposit as security to obtain MV loan?
  Yes, funds under term deposit can be used as security