Fixed Deposit Account

Features

• Fixed Deposit can be opened with a minimum balance of NRs. 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)
• Nomination facility is available
• Strict confidentiality is assured

Tenure of Fixed Deposit

• Three Months
• Six Months
• One Year
• Two Years
• Above Two Years up to Five Years
• ADBL Special
• Sewa Nibrta Karmachi

Eligibility

• Individual
• Minors
• Trust
• Association
• Clubs
• Societies
• Corporate Offices

Documents

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

Personal Account

• Identification Card in the form of Citizenship
• Certificate / Passport / Other ID / PAN Card

Minors

• Guardianship to verified with related documents

Nominees form

• Photograph of the nominee
• Signature of the nominee

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