Corporate Fixed Deposit

Features

• 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
• Eligibility: Trust/Association/Clubs/Societies/Corporate Offices/Corporate Bodies.

Documents

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