NRN FCY Fixed Deposit

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Features

  • Fixed Deposit can be opened with a minimum balance of USD 5,000 or equivalent to other FCY.
  • 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.
  • Tenure : 1 year to 5 years.
  • Eligibility: NRN People and Other Individuals having income on FCY.
  • Documents: NRN Card/Proof of FCY Income/Citizenship /National ID Card / Voter ID Card / Driving License / Passport or VISA / PAN Card.

Nominees form

  • Photograph of the nominee.
  • Signature of the nominee.