Timrai lagi deposit product is a unique and one of the kind Fixed Deposit products which promotes a gift giving culture amongst the customers in a form of fixed deposit. Timrai Lagi FIxed deposit provides additional features as well as attractive interest on deposit. The product is specifically targeted to gift giving customers who can be Husband-Wife, Parents-Children, Brother-Sister, Sister-Sister, Grandparents to Grand Children and vice versa as Empowerment, Love and Care, Security, Convenience, Future preparedness, bondings, caring and many more.
Features
|
Product
Type |
Fixed
Deposit NPR |
|
Eligibility
|
All
Individuals (Account
can be opened by minor and jointly) |
|
Currency
|
Nepali
Rupees (NPR) |
|
Minimum
Balance |
NPR.10,000.00
and/or above |
|
Interest
Accrual Basis |
On
daily basis |
|
Interest
Payment Frequency |
Monthly
(As per Nepali Calendar) |
|
Tax
Posting Frequency |
At
the time of each interest payment |
|
Interest
Rate |
·
Published prevailing interest rate
on Individual Fixed Deposit ·
Same as published rate of
individual and others. (May Change
from time to time) |
|
Operating/Nominee
Account |
Saving
Account Compulsorily |
|
Tenure |
Minimum
6 Month |
|
Additional Top Up of
Principal |
Can be topped up in any amount in
multiple of 25K before 3-month maturity of account. |
|
Key
Features |
·
Minimum Balance amount
NPR.10,000.00 ·
Monthly Interest Payment ·
Loan against FD on basis of 90%
balance of coupon price. ·
Published interest rate for loan
against FD by lien marking the account. |
|
Product
Type |
Fixed
Deposit NPR |
Required Documents
·
Citizenship should be submitted to open this
account.
