Diamond Investment Note print

Diamond Investment Note (DIN) is a special type of fixed deposit which is available for only existing Diamond Bank customers.

DIN comes in two variants:

  • Variant A –Interest and principal payment at maturity (known as DIN- Backend)
  • Variant B – Monthly payment of interest but principal payment at maturity (DIN- Monthly)

The features of the two (2) variants of the DIN are shown in the table below;

Product Features

DIN- Backend

DIN - Monthly

Minimum Tranche

N5mn

N5mn

Customer Limit

N50mn

N50mn

Rate

10.5% p.a

10% p.a

Interest payment

At maturity

Monthly and at maturity

Principal Payment

At maturity

At maturity

Tenor

180 or 365 days

180 or 365 days

Pre-liquidation penalty

1. Less than 6 months, interest will be forfeited.

2. Anytime from 6 months, only 50% interest    will be paid

Loss of monthly interest already earned which will be deducted from the principal before payment .

 

For further enquiries, please email This e-mail address is being protected from spambots. You need JavaScript enabled to view it Tel. 0700-300-0000
 

How may we help you?

Contact Us:

Email: complaints@diamondbank.com
enquiries@diamondbank.com

Telephone:

0700-300-0000