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Term deposit

NCSL
Term deposit
Let your money work for you

Term Deposit is available to NCSL members and anyone who is interested in investing surplus funds. Normal membership registration process applies to non-members prior to participating.  

  • 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.
  • A Break is permitted, 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.
  • Before maturity of a term deposit, member will be notified via the agreed and elected communication channel. 

Forms

Term Deposit Form
Break Application
Rollover Application
Close application
Online Portals

Ease of access