Highest ever benefit to customer in 6 term accounts of Nabil Bank

KATHMANDU: FEB. 23 – To date, Nabil Bank has introduced six different types of term accounts in order to provide its customers with numerous benefits.

Regular fixed deposit, smart fixed deposit, cumulative fixed deposit, new extra fixed deposit reloaded, new remittance fixed deposit account, and new NRN fixed deposit account have all been launched by the bank.

According to the bank, these accounts have been established so far in order to provide customers with high-quality and appealing services.

What are the facilities in which term account?

Regular Fixed Deposit Account: The bank has stated that it will pay 11.03 per cent annual interest under this term account. Similarly, interest on the amount deposited in this account will be paid in 3/3 months. Similarly, 90 per cent of the amount kept in the term deposit account can be borrowed. After the expiry of the period, the money will be refunded to the previous account of the second customer.

Smart Fixed Deposit: Under this term account plan, there is a facility to get 11.03 per cent interest, pay interest quarterly, and open an account online. Similarly, the bank has stated that there is an option to get a loan of up to 90 per cent of the amount due on time, return the principal to your previous account after the expiry of the accounting period or renew the account automatically.

Cumulative Fixed Deposit: This term account will earn interest at the rate of 9.03 per cent of the amount deposited under the scheme. The account can be opened for a minimum of Rs 10,000. The term of this account will be 1 year. The bank has stated that after opening the account with a minimum amount, any amount can be deposited for the duration of this account. There is a facility for the customer to deposit the daily accumulated amount in this account. The interest will be calculated on the basis of the closing balance in the account each day.

Nabil Extra Fixed Deposit Reloaded: This account earns 11.03 per cent interest. In this account, interest is paid every month. Loans are available up to 90% of the deposit amount. And when the account matures, the money is returned to the original account.

New Remittance Fixed Deposit Account: Nepali Rupees have to be deposited in this account. It will earn 12.03 per cent interest. Interest will be paid every quarter. Borrow up to 90 per cent of the deposit amount.

New NRN Fixed Deposit Account: This account can be deposited in US Dollars, British Pounds Sterling and Australian Dollars. Under this, when depositing money in US dollars, you have to deposit at least 5 thousand dollars. For this, 5 per cent interest will be paid annually.

Similarly, when depositing money in Pound Sterling or Australian Dollars, the minimum amount in the account should be the US $5,000. If you keep your term (Muddati) in these two currencies, you will receive interest at a rate of 3% per year. Up to 90% of the deposit will be borrowed.

However, in order to open this account, a Non-Resident Nepali Identity Card (NRN Card) is required.