- Interest Rate: Equivalent to yearly FD rate
- Minimum Balance: 1000
- Interest Payment: Quarterly
GARIMA SWORNIM NIKCHHEP YOJANA is designed to target those customers who are willing to save their money at higher interest rates for a longer period of time. The product tenures are classified as 5 years and above optional. The account holder can deposit money as per their convenience but cannot withdraw till the maturity of the account.
Features:
- Free ABBS Facility-Can be revised by Management
- Free Account Statement
- Internet Banking (General view only)
- Interest rate for this account always changes with change in interest of 1 year FD
- Interest rate is high and equivalent to 1 year Fixed Deposit rate (as per the management's decision from time to time) compared to the other savings deposit due to its long term nature.
- The initial deposit shall be NPR 1000.00 and withdrawal is not allowed till the maturity.
- Garima Swornim Nikchhep Yojana pre-matured penalty rate is 30% flat based on accrued and posted interest amount.
- Interest is accrued on daily basis and payment will be made in quarterly basis & capitalized to same account.
- Debit Instrument are not issued.
- In the event of the death of the account holder the account will be discontinued.
- 80% loan is available against the deposit.
