Introduction

This Product states and defines process/procedures relating to Lumbini Multiple Dhamaka. This product has been designed to encourage for individual as well as institutional depositors. It enhance Individual Deposits by offering attractive and competitive interest.

Type of Deposit

Fixed Deposit

Purpose of the Deposit

  • Increase the saving habits of people.
  • Increase our retail / saving deposit base.
  • Cross Selling of other products.

Pricing/Amount/Features

  • Minimum Balance to be maintained : NPR.10,000/-
  • Interest Rate: The rate will be decided by the Board of Directors of the bank. However, the rate of interest is subject to change depending on the market (Click Here).
  • Tax on interest shall be levied as per prevailing Income Tax Act.

The following features are of our Lumbini Multiple Dhamaka Fixed Deposit:

Account Type

Minimum Balance (Rs.)

Interest Rate (% p.a.)

Term (Years)

Fixed Deposit

10,000.00

As per the Published Interest Rate

Variable

There are nine (9) variants of this products ranging from double (2x) to ten times (10x). The time period of making

Fold

For Individual Customer

For Individual Customer (Remittance)

For Institutional Customer

2 x

5 years, 8 months and 0 days (2068 Days)

5 years, 3 months and 1 days

(1916 Days)

7 years, 6 months and 0 days (2737 Days)

3 x

9 years, 0 months and 0 days (3285 Days)

8 years, 4 months and 1 days

(3041 Days)

13 years, 10 months and 2 days (4317 Days)

4 x

11 years, 4 months and 0 days (4136 Days)

10 years, 6 months and 0 days

(3832 Days)

14 years, 11 months and 5 days (5445 Days)

5 x

13 years, 2 months and 0 days (4805 Days)

12 years, 3 months and 1 days

(4471 Days)

17 years, 4 months and 0 days (6325 Days)

6 x

14 years, 7 months and 2 days (5322 Days)

13 years, 3 months and 2 days

(4957 Days)

19 years, 3 months and 1 days (7026 Days)

7 x

15 years, 11 months and 4 days (5809 Days)

14 years, 9 months and 3 days

(5383 Days)

20 years, 11 months and 5 days (7635 Days)

8 x

17 years, 0 months and 0 days (6205 Days)

15 years, 9 months and 3 days

(5748 Days)

22 years, 4 months and 0 days (8150 Days)

9 x

17 years, 11 months and 4 days (6539 Days)

16 years, 8 months and 3 days

(6083 Days)

23 years, 8 months and 4 days (8639 Days)

10 x

18 years, 9 months and 3 days (6843 Days)

17 years, 5 months and 2 days

(6357 Days)

24 years, 9 months and 3 days (9033 Days)

  • Loan against FD will be provided up to 90% on principle amount.

 

Note: Terms and conditions (T&C) will be applied while opening the product i.e, Lumbini Multiple Dhamaka Fixed Deposit

Documentation

  • As per Operation Manual/KYC& AML Policy/ NRB Directives.
  • Application Form
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