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 |
6 years, 11 months and 4 days (2524 Days) |
6 years, 4 months and 1 days (2311 Days) |
8 years, 7 months and 2 days (3132 Days) |
|
3 x |
11 years, 0 months and 0 days (4015 Days) |
10 years, 1 months and 0 days (3680 Days) |
13 years, 6 months and 2 days (4927 Days) |
|
4 x |
13 years, 10 months and 4 days (5049 Days) |
12 years, 8 months and 3 days (4623 Days) |
17 years, 1 months and 0 days (6235 Days) |
|
5 x |
16 years, 1 months and 0 days (5870 Days) |
14 years, 9 months and 3 days (5383 Days) |
19 years, 10 months and 4 days (7239 Days) |
|
6 x |
17 years, 11 months and 4 days (6539 Days) |
16 years, 5 months and 2 days (5992 Days) |
22 years, 1 months and 0 days (8060 Days) |
|
7 x |
19 years, 5 months and 2 days (7087 Days) |
17 years, 9 months and 3 days (6478 Days) |
23 years, 11 months and 4 days (8729 Days) |
|
8 x |
20 years, 9 months and 3 days (7573 Days) |
19 years, 0 months and 0 days (6935 Days) |
25 years, 7 months and 2 days (9337 Days) |
|
9 x |
21 years, 11 months and 4 days (7999 Days) |
20 years, 1 months and 0 days (7330 Days) |
27 years, 0 months and 0 days (9855 Days) |
|
10 x |
23 years, 0 months and 0 days (8395 Days) |
21 years, 0 months and 0 days (7665 Days) |
28 years, 4 months and 1 days (10341 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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