Excel Development Bank launches Excel Sambriddhi Saving a/c with 9.05% interest yield; providing 13.05% interest in FD product

Excel Development Bank has launched Excel Samriddhi Saving account with a 9.05% annual interest yield.

One can open this account with a minimum balance of Rs 2000 and the interest will be paid on a monthly basis.  The bank will also provide free mobile and ATM cards to the account holders and free cash withdrawal service from ATM terminals of other BFIs, as per the media statement.

The bank is providing 10.05% interest on the Remit saving account and 13.05% interest on the Remit FD product, as per the media statement.

The bank currently has its presence in 5 districts of east Nepal with 44 branches, as per the media statement.