Fund or Custodian Management Services

NIB Fund/Custody Management Service will hold securities of some institutions in electronic or physical form.

The Bank will provide a secure facility for the safekeeping of fund assets. The assets would be safely held and accurately recorded through regular reconciliation.

  • The fund offers the benefit of a cash payout, usually in the form of a lump sum payment in the future, when the ability to save would have been impacted because of old age.
  • The regular deductions from source ensures the ease of savings.
  • Returns on fund assets are usually cumulative because interest earns interest in addition to the principal amount.
  • There is the opportunity to enjoy tax exemptions from the fund.