Civil Bank launches new deposit scheme

KATHMANDU, Feb 24 :

Civil Bank Ltd has launched ´Civil 555 Muddati Patra´ -- a short term fixed deposit scheme. Issuing a statement on Monday, the bank said it has introduced the new product to commemorate its fifth year of operation.

 “The product has tenure of five months and five days and can be opened with a minimum amount of Rs 500,000 on an attractive interest rate of 7.07 percent,” the statement added.

Bank´s CEO Kishore Maharjan hoped that the new scheme will be able to attract many customers in the present market scenario when other banks are offering comparatively much lower rates.

Source: Republica