Recurring Fixed Deposit
- 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.
- Photograph of the nominee.
- Signature of the nominee.