Excel Utkrista Bachat Khata
Saving deposits are the permanent nature of deposit with low cost to the bank in comparison to Fixed Deposits. In order to make our presence stronger in the market, products should be able to match the expectation of target customer. So, this product is introduced to attract especially high value customers who wants higher returns in their deposits. This product is aimed for all customers, irrespective of gender and age, offering various financial services.
Purpose of the product
1. Encourage customers with large saving base for higher returns.
2. Improve deposit mix of the bank.
3. Increase out retail/saving deposit base.
4. To reduce concentration on corporate and call deposit.
Interest Rate & Minimum Balance Required
- For Interest rate click here.
- Minimum Balance: NPR 25,000.00/-
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. Free Smart Banking & VISA card Services (First Year only).
2. Free Cash. Withdrawal/Balance Enquiry from any BFI’s ATM’s all across the country.
3. Free Checkbooks/ABBS.
4. Free On demand account statement, free on demand account statement.
5. Discount up to 0.25% on service charge of fresh credit facilities.