| Term
deposit can be opened with minimum
of Rs.5, 000.00 for a minimum period
of 3 months to the maximum period
of 6 years. Term deposits are repayable
on a term due date. This due date
is called maturity date.
Features of Term Deposit.
Monthly and quarterly scheme
Interest on the Term Deposit can be drawn every month or every quarter depending on the monthly and quarterly scheme.
Cumulative Scheme
Else interest can be drawn on the maturity date of the Term Deposit. The interest will be calculated cumulatively.
Special Saving Account
Interest not drawn monthly or quarterly, will be deposited in the special saving account. Added interest on monthly minimum balance will be given in this account and the amount can be drawn as and when needed.
Loan against Term Deposit
90% of loan can be drawn on the deposited amount. Only 2 % added interest will be charged.
Jyestha Nagarik Term Deposit Scheme
This scheme is for the citizens of 58 years and above. It features ONE month interest bonus as "Dashain Kharcha" and 0.25% increment in LAFIN's regular interest rates. |
