PMS refers to Portfolio Management Service upon which the Portfolio Manager manages the portfolio of the PMS clients. The investment portfolio in stocks, Fixed Deposits, structured products are managed by the professional money manager that can potentially be tailored to meet specific investment objectives. In order to facilitate this endeavour, the Bank has launched a specialized saving account especially targeted to the PMS clients. This account can only be opened by the branches in coordination with the Portfolio Manager.
Features
|
Product
Type |
KS
PMS Saving Account |
|
CBS
Ac type |
K4 |
|
Eligibility
|
All
Nepalese Citizen above 18 years |
|
Currency
|
Nepali
Rupees (NPR) |
|
Minimum
Balance |
NPR.100 |
|
Interest
Accrual Basis |
On
daily basis |
|
Interest
Payment Frequency |
Quarterly
|
|
Tax
Posting Frequency |
At
the time of each interest payment |
|
Interest Rate |
As per the published interest rate |
|
Key
Features |
·
Quarterly Interest Payment ·
KSiMobile : As per the agreement
with portfolio manager ·
Demat/MeroShare free for first year
(further as per STC) ·
Necessary Document- specialized
AOF2 Softcopy of Citizenship, Authorized Account Opening latter from the
designated Portfolio manager ·
Authorized Signature- Authorized
Signature from the Portfolio Manager or as per the terms and condition of the
Agreement ·
Other Charges-As per STC |
