Fixed Deposit (FD):
Features:â€¢ Fixed Deposit can be opened with a minimum balance of NRs. 10,000.00.
â€¢ Interest is payable Quarterly.
â€¢ Time Period begins from three month.
â€¢ Tax is deducted at source from the interest on Fixed deposit as per the Income Tax Act.
â€¢ Nomination facility is available.
â€¢ Strict confidentiality is assured.
â€¢ Interest can be received in Quarterly, Half Yearly, Yearly and At Maturity as per depositor's demand.
â€¢ Laon upto 90% of fixed depposite.
Tenure of FD and Prevailing Interest RateEffected from Dated...
|Fixed Deposite||Quarterly||Annual||On Maturity|
|4-6 Years*||8.75% to 9.00%|
|* Condition Applied|