Jestha Nagarik Bachat Khata
Saving deposits are the permanent nature of deposit with low cost to the bank in comparison to Fixed Deposits. In order to keep with the increasing demand from senior citizens/customers, stay in competition by motivating more and more customers to our portfolio by offering higher interest rates to senior citizens who are more concerned on return on their deposits, we are launching deposit scheme called “Jestha Nagarik Bachat Khata” having following salient features. It is one of the various products under saving deposits, under which depositors will have flexibility of withdrawing the amount from the account at any time during the bank’s operation.
Eligibility
Any senior citizen with age of 50 years or above can open the account. Account can be opened singly or jointly with two or more person with survivorship clause even another partner is of below 50 years of age.
Interest Rate & Minimum Balance Required
- For Interest rate click here.
- Minimum Balance: NPR 100.00/-
Interest Payment Frequency
1. Interest shall be paid on quarterly basis at the end of Ashwin, Poush, Chaitra and Ashad.
2. Tax on interest shall be levied as per prevailing Income Tax Act.
3. Eligibility: Nepalese Citizens.
Facilities to the Account Holder
1. Higher return at lower minimum balance.
2. Separate counter for senior citizens at Main Branch.
3. Ancillary Services like ATM Debit Card/ Mobile Banking can be get against the account.
4. Free Checkbook upon request.