Bank of Kathmandu has launched BoK Recurring and Reverse Recurring FD account with 11.03% interest.
In recurring account, the bank shall provide the interest in quarterly basis where the depositors can make deposits beginning from 1 year to 10 years where s/he can also receive up to 90% of the deposit amount as loan.
Likewise, the bank has launched BoK Reverse Recurring FD account where customers can deposit lump sum amount at the beginning while the periodic returns can be separately deposited in a different account. Here, the bank will be providing 11.03% interest for minimum deposit of 2 lakh from 1 year to 10 years. Depositors can also avail credit card facility up to 50% of the deposit amount, as per the media statement.
The bank currently serves its customers via its 103 branches, 98 ATM outlets and 10 extension counters in its network.