Eligibility

Trust/Association/Clubs/Societies/Corporate Offices/Corporate Bodies.

Documentation

The copy of the following certified documents has to be submitted while requesting for opening of Account.

Clubs / Societies and Association

Copy of Registration Certificate

Copy of Bye-Laws

Copy of resolution to open and Operate the Account

List of Members

Corporate Body

Certificate of Incorporation

Memorandum and Article of Association of the Company

Resolution of Board of Directors to open and operate the Account

Sample of Company Seal

Name of Directors of the Board

Partnership Account

Certificate of Partnership Registration

Copy of Partnership deed, if any

Proprietorship Account

Registration Certificate

Identification of Proprietors

Fixed Deposit can be opened with a minimum balance of NPR. 10,000.

Payable on Maturity.

Penal interest is levied on withdrawal of fixed deposit prior to maturity.

Interest is payable Quarterly.

Tax is deducted at source from the interest on saving deposit as per the income Tax Act, 2058 (2001).

Tenure: 3 Months to 5 Years