Recurring Fixed Deposit

Features

Can be opened with a Minimum Balance of NPR. 10,000.
Installment: Quarterly.
Installment Amount : Minimum at the rate 13.385% of Initial (Opening) Principal Amount.
Penal interest is levied on withdrawal of fixed deposit prior to maturity.
Monthly Interest Capitalized or Interest Can be transfer to other saving Account.
Net Amount (After Tax) will be paid to Customer after maturity period.
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 to 5 Years
Eligibility : Nepalese Individual and Minors.
Documents: Citizenship /National ID Card / Voter ID Card / Driving License / Passport / PAN Card / Birth Certificate for Minors.
Guardianship to verified with related documents for Minors.