- Business Entities
- Corporations
- NGO’s
- Associations
- On behalf of minors
- Fixed Deposit Opening Form
- Should maintain a Saving Account/ CD Account
- CID copy and a passport sized photograph
- Letter from concerned Authority if its Corporate FD
- Legal Stamp
1. Flexible Investment Options:
- The account holders can choose the minimum investment amount of Nu. 5000 and can invest for a period ranging from 45 days to 240 months.
2. Enhanced Facilities:
- Top-up: Provides the flexibility to add more funds to the existing FD.
- Partial Redemption: Allows partial withdrawal from the FD before maturity, providing liquidity while keeping the rest of the investment intact.
3. Liquidity through Overdraft:
- The account holder can access up to 90% of their FD amount through an overdraft, offering financial flexibility without breaking the fixed deposit.
- The amount can be deposited only once. For further such deposits a separate account needs to be opened.
- The fixed deposit receipts are non transferable.
- It cannot be linked with ATM cards.
- It cannot be linked with Internet and SMS Banking Services.
- No funds can be transferred through this account.
- The account can be operated either singly/jointly or either or survivor (EorS).
- No hidden fees or maintenance charges attached.
