Fixed Deposit

A Fixed Deposit account is an interest bearing account, where a fixed amount is held at fixed interest rate and is repayable (principal/interest) at a fixed future date as agreed at the time of placement of the Deposits

Features

• Offered only to accountholders
• Can be opened in local currency as well as foreign currency. The opening and transaction in a foreign currency account is subject to Nepal Rastra Bank regulations.

Benefits

• Security
• Interest bearing account
• An investment alternative, which is safe and allows funds to be placed for a fixed period with interest rate guaranteed for that period.
• Automatic Renewal/Disposal of principal & interest as per the instruction of the customer