Fixed Account

Eligibility: Individuals, Minors, Trusts, Associations, Clubs, and Societies.

TenureMinimum AmountInterest Rates
3 months250008.05%
Individual25000.008.05%
Institutional25000.008.05%
Institutional (Renewal)25000.008.05%
Above 3 Months upto 6 Months  
Individual25000.008.05%
Institutional25000.008.05%
Institutional (Renewal)25000.008.05%
Above 6 Months upto 1 Year  
Individual25000.008.05%
Institutional25000.008.05%
Institutional (Renewal)25000.008.05%
Above 1 Year upto 10 Years  
Individual25000.008.05%
Institutional25000.008.05%
Institutional (Renewal)25000.008.05%

 

Features :

  • Fixed Deposit can be opened with a minimum balance of NRs.
  • Payable upon maturity
  • Penal interest is levied on withdrawal of FD prior to maturity.
  • Interest is payable Quarterly.
  • Tax is deducted at source from the interest on saving deposit as per the Income Tax Act, 2058(2001).
  • Nomination facility is available.
  • Strict confidentiality is assured.

Required Documents :

  • Identification Card in the form of Citizenship (Personal Account).
  • Certificate/Passport/Other ID/PAN Card( Personal Account).
  • Guardianship to be verified with related documents(Minors).
  • Photograph of the nominee(Nominees form).
  • Signature of the nominee(Nominees form).
  • Copy of Registration Certificate(Clubs/Societies and Association).
  • Copy of Bye-Laws(Clubs/Societies and Association).
  • Copy of Resolution to Open and Operate the account(Clubs/Societies and Association).
  • List of members(Clubs/Societies and Association).
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