NIC ASIA Bank Limited has launched a new fixed deposit product "Swornim Muddati Khata" in the market segment.
The fixed deposit scheme has been launched with an aim to provide flexible option to choose tenure of deposit from 3 months to 1 year depending upon the need of the customer. The interest rate on "Swornim Muddati Khata" has been offered as below based on period of deposit.
| Tenure |
Interest Rate |
Interest Payment Frequency |
| 3 Month |
9% |
Upon Maturity |
| 6 Month |
10% |
Quarterly |
| 9 Month |
11% |
Quarterly |
| 12 Month |
12% |
Quarterly |
This product also provides additional attractive features such as:
- Minimum Balance of Rs. 100,000
- Loan Availability of 80% of the amount of fixed deposit
- Free Credit Card Issuance Charge for customers (individuals).
- No prematurity charge
- Available to depositors of all types
This scheme is opened for a limited time period only.
The bank has been providing easy and convenient banking service to its customers with the Bank's brand promise,
"Bank Pani Saathi Pani" . The Bank continues to serve its customers exclusively by offering an array of products and services reaffirming its commitment to focus on customers.
