NIC ASIA Bank to provide further 10% rebate on interest amount and 100% on penal charges for Jestha; borrowers to enjoy additional interest benefit

NIC ASIA Bank has extended its interest rebate service where the borrowers of the bank who clear their interest till the month of Jestha will receive further 10% rebate on interest amount and 100% refund of penal charges. Earlier, the bank had complied with Nepal Rastra Bank’s directives to provide 2% interest rebate on overall interest of the borrowers till the end of Chaitra and similar rebate for the Baisakh end.

The bank has clarified that the rebate amount for the month of Chaitra has already been deposited to the respective accounts whereas the rebate amount for the month of Baisakh will be deposited within the first week of Jestha, as per the media statement.

The bank currently provides its services to its strong customer base from its 319 branches, 461 ATM terminals, 108 extension counters and 61 branchless banking units throughout the nation.