No end in Cut Throat competition between banks; NIC ASIA Bank also joins race to offer advanced interest disbursement of 11% in Fixed Deposits
NIC ASIA Bank has decided to provide 11% interest rate in advance for all its public and institutional depositors who opt to deposit their money in its special Fixed Deposit Product. No sooner had another commercial bank launched similar deposit product in the market, NIC ASIA has also presented itself as another competitor for the remaining small chunk of funds in the market.
Issuing the press statement, the commercial bank has informed that the customers can opt for the “Agrim Byaj Vuktani Fixed Deposit account” either for 3,6, 9 or 12 months with any amount of deposit amount for which the interest would be provided initially at any other saving account held at the commercial bank. the latest FD product also comes with Rs 5 lakh worth of insurance payment. Customers can also receive upto 80% of the total amount deposited in the account at any time of his/her need as a loan, as per the bank’s statement.
Issuing the press statement, the commercial bank has informed that the customers can opt for the “Agrim Byaj Vuktani Fixed Deposit account” either for 3,6, 9 or 12 months with any amount of deposit amount for which the interest would be provided initially at any other saving account held at the commercial bank. the latest FD product also comes with Rs 5 lakh worth of insurance payment. Customers can also receive upto 80% of the total amount deposited in the account at any time of his/her need as a loan, as per the bank’s statement.
